Popular tags: Support, Resistance, Trend, Range, Fibonacci, Wave, Divergence, Multi time frames(MTF), Swing, Volume, Overbought, Oversold
Customization and Conversion for: MetaTrader(MT4, MT5), Thinkorswim, NinjaTrader, MultiCharts, Tradingview, Prorealtime, SierraChart, etc.
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Double top chart pattern indicator with alert for Ninjatrader 8

Double top chart pattern indicator with alert for Ninjatrader 8
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Price: $99.00USD $89.00USD
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This is a Permanent access license. Please follow these “3rd Party Licensing” steps within NinjaTrader, to properly enable your license for any of the NinjaScript.

 A Google Drive download link will be sent to you after your ID is activated.


 

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 another one.

This indicator will detect and highlight the double top pattern automatically on the chart and alert you.

 

Features and inputs:

  • Range(input): check if the first top was the highest High in given Range of bars. You can use large value if you want to detect long term trend, or small value for short term trend pattern.

  • Choose the alert sound file you want to use from a drop-down menu.

  • Switch ON/OFF of alert.

 

It works on all timeframes and any symbol. It will draw a line right after the pattern is formed.

Double top is a candlestick chart pattern, that's why it works the same on all timeframes, as long as the volatility is good.
On a low volatility chart, doesn't matter what timeframe it is, could form unstable or less accurate patterns.
So it's actually not about the timeframe, it's about the volume or volatility.

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

 
 

There is a plot (a cyan dot) which is used to check if a double top chart pattern has been formed.

 You can use this plot in Market Analyzer and Strategy.







































 

There is a plot (a cyan dot) which is used to check if a double bottom chart pattern has been formed.

You can use this plot in Market Analyzer and Strategy.


How to use it from Strategy Builder.

  1. select the Double top indicator and the input you want to use.
  2. follow the arrows as shown in pic below to setup the condition.
  3. click OK.





After you click OK, you should see the condition list as pic below.


 

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