Double top is a very common chart pattern, as its name indicates, it consists of two tops, and these two tops need to be in a relative flat price level. One of the top can't be much higher or lower than the other.
This indicator will detect and highlight double top pattern automatically on chart and alert you via SMS, email and sound.
Features:
Adjust the...
classic patterns.
daily charts.
CPR-
Green+level=buy
red+level=sell
pinbar
green pinbar+level=buy
red pinbar+level=sell
green ppr+level=buy
ppr-
red ppr+level=sell
IB- and OB-
green IB/OB+level=buy
red IB/OB+level=sell
third bar
green third bar+green cpr+level=buy
red third bar+redcpr+level=sell
3 candles green = buy, tp30 pips(gbpusd,gbpjpy)
3 candles red =...
This startegy based on 3-day pattern reversal described in "Are Three-Bar
Patterns Reliable For Stocks" article by Thomas Bulkowski, presented in
January,2000 issue of Stocks&Commodities magazine.
That pattern conforms to the following rules:
- It uses daily prices, not intraday or weekly prices;
- The middle day of the three-day...
