Double Bottom Chart Pattern with alert

25 Apr 2017

Double bottom is a very common chart pattern, as its name indicates, it consists of two bottoms, and these two bottoms need to be in a relative flat price level. One of the bottom can't be much higher or lower than the other.

This indicator will detect and highlight double bottom pattern automatically on chart and alert you via SMS, email and sound.

Features:

Adjust the threshold between two bottoms.
Adjust the number of bars used to form each bottom.
Check if the first bottom is the highest in a given number of bars
Adjust the number of bars between two bottoms.
Switch of alert.

It works on all timeframes and any symbol.

You can also load more than one with different inputs to get more results on chart.

26 Jul 2017

Catatan Rilis

Update the threshold setting.

17 Nov 2017

Catatan Rilis

The threshold input now can be increased by 0.1

5 Des 2017

Catatan Rilis

Fixed a typo.

5 Des 2017

Catatan Rilis

Fixed a typo.

15 Okt 2018

Catatan Rilis

New algorithm, easier to use and more results.

22 Jul 2020

Catatan Rilis

Update: enable to change line color.

9 Okt 2021

Catatan Rilis

Update to V5 with max_bars_back=1000.

30 Sep 2022

Catatan Rilis

Fixed a bug.

25 Jun 2023

Catatan Rilis

Upgrade to 3 sets of input, it will detect more signal than before.

26 Jul 2023

Catatan Rilis

Update new feature, enable "use High Low" will use high and low wick to check the top, otherwise it will use open and close.
Also changed the min value of "Strength" to 2 instead of 3.