Double top and double bottomThis script identifies double top and double bottom chart patterns
It has many settings. For example, you can choose by which extremums you want to identify patterns - by the edges of wicks (tails, shadows), or by the edges of candle bodies .
The Sensitivity parameter will allow you to control the frequency of detected patterns , depending on whether you want the patterns to be detected more often, or if they cover a larger number of candles and thus be more reliable.
There are also several settings which you can determine the parameters of the pattern - the length and proportions of the lines included in it .
You can also customize your styles.
All key settings are accompanied by tooltips
Doublebottompattern
Pro Trading Art - Double Top & Bottom with alertThis indicator is based on ta.pivothigh and ta.pivotlow function. And with the help of different ph and pl I am detecting double top and double bottom.
Features
1. All signal are on realtime means no repaint
2. Able to detect precise double top & bottom
Input Field
Pivot Length : Default 10 => Use to detect pivot point
Fluffykats's Double Bottom indicator with alert v1This is a double bottom indicator with an alert that has many settings to customize your double bottom .
From Wikipedia "A double bottom is the end formation in a declining market. The pattern is formed by two price minima separated by local peak defining the neck line. The formation is completed and confirmed when the price rises above the neck line, indicating that further price rise is imminent or highly likely."
The following can be customized:
The left and right bar strengths for both the Right Top ( RT ) and Left Top ( LT ). For an explanation on RT / LT bar strength see (pivothigh) tradingview pine script API notes.
The price variance in % between RT / LT
The minimum and maximum allowable separation between RT / LT
Ability to toggle visibility of prices
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Best regards.
Double Bottom Pattern IdentifierI think everybody knows the Double Bottom Pattern, so I omit the introduction.
The algorithm uses 8 internal watchers to identify the incomplete W-pattern. If any of the watchers finds the pattern, the signal will be plotted on the chart. You can customize the lookback periods for the watchers as well as you can specify the precision of the difference between two possible bottoms.
By default, all watchers wait for bar closing to avoid repainting issues. You can switch off this option.
Additionally, you can shift down the signal labels to the preferred distance and set an alert for a new pattern found.
NOTE: the blue straight lines are not included.
