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Yes, yes. Meet Double Double.
Detect Patterns automagically
Made by Market Scripters
Made for TradingView
V3 NOW Released! No More Measuring!
Double tops and double bottoms are some of the most reliable chart patterns when trading. Stop searching yourself as this Double Top Double Bottom Indicator will find the patterns for you as they are forming, signifying a potential reversal.
Once you understand and know how to trade these patterns, our Double Top Double Bottom script will detect the patterns automatically, allowing you to focus on how you’re going to profit. Set signals and alerts based on this indicator from TradingView straight to your phone, app, email, or bot.
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What Are double tops and Double bottoms?
Double top patterns are when a prevailing upward trend turns downward temporarily, returns upward to a similar peak price, then reverses again, passes the “neckline” where the tough turned, then continues into a downward trend. It’s a bearish signal with an “M” shape, and the point where price breaks the support level of the trough is said to be confirmation of the pattern.
Double bottom patterns are the opposite. A downward trend turns upward, then rallies before reversing to a similar low, bounces off it, breaks the neckline resistance, and shoots past it for a new upward trend. Double bottoms have a “W” shape and are bullish signals.
Many traders who use technical analysis identify potential entry and exit trading zones with double tops and bottoms because it is one of the most popular indicators for finding trend reversals. Not only that, but they’re simple. Due to their simplicity, however, it is important to find confirmation with other indicators such as fibs, RSI, pSAR, MACD, or other powerful indicators.
Our Double Top Double Bottom indicator is fully customizable. You decide if you want perfectly symmetric M’s and W’s…or if you’re okay with them looking a little wonky. Don’t care about wicks? No worries…simply ignore them. And of course all this is calculated real-time on every bar. Ask around, and you’ll find our Double Top & Bottom script is the best one on TradingView.
DTB Script detects
- Bullish Double Bottoms
- Bearish Double Tops
- “Necklines” for both
- Potential In-Progress Patterns
DTB Script Settings
- Size
- Ignore Wicks
- Horizontal Symmetry
- Vertical Symmetry
- Completion Buffer
Alerts
Get notified when DTB displays a new pattern in real time! Take full advantage of TradingView’s features and set your own alerts on this Double Top Double Bottom indicator.
Hello traders,
A user manual is included with access to our Double Double script and we’re happy to answer any questions you may have.
Get in touch with us in our Discord channel or TradingView, and please don’t forget to Like and Follow us as well 🙂 It’ll help support us in building more powerful indicators for traders like you.
MObile ready
You can use this Double Tops and Double Bottoms indicator in the TradingView app for your phone or at TradingView.com. Set price alerts using its signals or and receive the alerts in real time.
Learn more about this indicator in our discord group.