I 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.
Notas de Lançamento
⋅
Cleaned the code
Notas de Lançamento
⋅
Major update
Notas de Lançamento
⋅
Update
Notas de Lançamento
⋅
Update
Notas de Lançamento
⋅
Update
Notas de Lançamento
⋅
Added statistics
Neckline, Take Profit and Stop Loss reforged
DB and Long labels now have tooltips
New options for Take Profit: Points, Pips
New options for Stop Loss: Last Bottom, Points, Pips
@everget, thank u sir....I already started using but it works in 1 min chart how can I use it 4hr or 1 day chart ,pls help me understand.1 min is by default 20 candles.