INVITE-ONLY SCRIPT
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Double Bottom Pattern Identifier

I think everybody knows the Double Bottom Pattern, so I omit the introduction.

The algorithm uses 8 internal watchers to identify the incomplete W-pattern. If any of the watchers finds the pattern, the signal will be plotted on the chart. You can customize the lookback periods for the watchers as well as you can specify the precision of the difference between two possible bottoms.

By default, all watchers wait for bar closing to avoid repainting issues. You can switch off this option.

Additionally, you can shift down the signal labels to the preferred distance and set an alert for a new pattern found.

NOTE: the blue straight lines are not included.
Note di rilascio
  • Cleaned the code
Note di rilascio
  • Major update
Note di rilascio
  • Update
Note di rilascio
  • Update
Note di rilascio
  • Update
Note di rilascio
  • Added statistics
  • Neckline, Take Profit and Stop Loss reforged
  • DB and Long labels now have tooltips
  • New options for Take Profit: Points, Pips
  • New options for Stop Loss: Last Bottom, Points, Pips
  • Alerts reforged
Note di rilascio
  • Fixed a minor issue with patterns overlapping
Note di rilascio
  • Fixed bug with TP/SL levels plotting
Note di rilascio
  • Pine Script V5
  • Deep update of internal logic
  • Updated Settings UI
  • Updated Statistics table
  • Now you can use "Any alert() function call" option for alerts
  • Ability to customize alert messages

Note di rilascio
  • Updated preview
Note di rilascio
  • Pine Script V6

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