TradingView IndicatorFree to Use
Double Top/Bottom
Free TradingView Indicator by AlgoAlpha — Trend Following
Introducing the [b]Double Top/Bottom[/b] Indicator by AlgoAlpha, a powerful tool designed to identify key reversal patterns in the market with precision. This indicator meticulously detects double tops and double bottoms, helping traders recognize potential trend reversals and make informed trading decisions.
61.7kviews
3.8kboosts
2024-11-25published
Double Top/Bottom Features
Pattern Detection
Accurately identifies double top and double bottom formations based on customizable time horizons.
Customizable Appearance
Choose your preferred colors for bullish and bearish trends to match your trading style.
Signal Labels
Option to display only the second pivot of the double top/bottom for a cleaner chart view.
Flexible Settings
Adjust the time horizon to control the look-back period, allowing for detection of both short-term and long-term patterns.
Visual Enhancements
Draws trend lines and fills between pivotal points to visually highlight potential reversal zones.
Alerts
Set up alerts for potential double top and double bottom formations to stay informed of key market movements.
Add the Indicator
Simply add the Double Top/Bottom Indicator to your TradingView chart from your favorites. Customize the time horizon and appearance settings to fit your trading preferences.
TradingView Snapshot
Analyze Patterns
Watch for the identified double top and double bottom patterns along with the corresponding trend lines and filled areas to anticipate potential market reversals.
TradingView Snapshot
TradingView Snapshot
Set Alerts
Enable alerts to receive notifications when double top or double bottom patterns are detected, ensuring you never miss a critical trading opportunity.
⚠️ Important Reminder: The labels indicating double tops and bottoms appear with a delay and are intended to mark the formations after they have already formed. They are not meant to be used as real-time trading signals. While they align perfectly with pivot points in hindsight, please use them as markers for analysis rather than immediate trading triggers.
TradingView Snapshot
TradingView Snapshot
How to Use Double Top/Bottom
Important Reminder: The labels indicating double tops and bottoms appear with a delay and are intended to mark the formations after they have already formed. They are not meant to be used as real-time trading signals. While they align perfectly with pivot points in hindsight, please use them as markers for analysis rather than immediate trading triggers.
More Trend Following Indicators
Explore other trend following TradingView indicators by AlgoAlpha.
Free on TradingView
Add this indicator to your chart.
Double Top/Bottom is free to use on TradingView. Add it to any chart in seconds.