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Fluffykats's Double Bottom indicator with alert v1

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This is a double bottom indicator with an alert that has many settings to customize your double bottom .

From Wikipedia "A double bottom is the end formation in a declining market. The pattern is formed by two price minima separated by local peak defining the neck line. The formation is completed and confirmed when the price rises above the neck line, indicating that further price rise is imminent or highly likely."

The following can be customized:

The left and right bar strengths for both the Right Top ( RT ) and Left Top ( LT ). For an explanation on RT / LT bar strength see (pivothigh) tradingview pine script API notes.
The price variance in % between RT / LT
The minimum and maximum allowable separation between RT / LT
Ability to toggle visibility of prices

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Best regards.
Note di rilascio
  • Bug fixes
  • Can detect multiple bottoms

Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.