Automatic Double Top finder indicator
for Meta Trader 4 finds double-top and double-bottom chart patterns easily and implements breakout signals and alerts.
Automatic Double Top finder indicator, Currency pair- EURUSD, Timeframe- M30 (click to zoom)
How to trade with Automatic Double Top finder indicator
This indicator can be used in any currency pairs and on any time frame, but preferably on H1 and lower. Moreover, it’s relatively easy to trade with Automatic Double Top finder indicator. After finding a possible entry point, the indicator displays either a blue arrow which is a bullish signal to buy, or a red arrow which is a bearish signal to sell.
Settings and Input Parameters
When loading the indicator to any chart, you will be presented with a set of options as input parameters. Don't despair if you think they are too many because parameters are grouped into self-explanatory blocks.
The amplitude represents the size of the patterns. The max. history bars parameter is a number of bars in the chart to look back. Fewer bars to evaluate means the indicator will load faster.
Choose the colors of the patterns.
The indicator implements breakouts to make trading easier. Moreover, you can select the breakout period (in bars) and the color of the arrows to be displayed in the chart.
Enable or disable alerts at will.
Download Automatic Double Top finder indicator
You can download Automatic Double Top finder indicator for free by clicking the “Download” button located at the top right corner.
Create your custom indicator
If you would like to create your own custom indicator, please contact AtoZ team. Also, don’t miss out on various other indicators you can find here
How do you install an indicator on MT4?
In order to install this indicator on your MT4, you need to:
1. Click on “Download” button above to download Automatic Double Top finder indicator;
2. Save the file to your computer;
3. Extract and move the .ex4 file into: \MQL4\Indicators;
4. Restart your Metatrader platform;
5. Click “Indicators” button in Metatrader toolbar;
6. Select “Custom”;
7. Search and select “PZ_DoubleTopBottom;
8. Adjust settings or press OK to add the indicator to your selected chart;
Automatic Double Top finder indicator, developed by Pointzero Trading and sent by an AtoZForex follower from Munich, Alfred. AtoZForex does not carry any copyrights over this trading tool.
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