Double top indicator mt4 download

00 ( 7) 6. 3 in 1 MA Color. And select “ MT4 Buy Sell Indicator ” template to apply it on the chart. Head&Shoulders Visual Indicator. TOP-Rated Indicators for MetaTrader. Download SHI Channel True Sep 26, 2023 · Double Top Indicator. 67 ( 24) 28. 95 KB Type: . Great Double CCI Woody Indicator with Instant Download in MT4 CCI (Commodity Channel Index) Indicators with Open Source Code for MetaTrader 4 or 5. Jan 22, 2017 · Metatrader Indicator (MT4/MT5) The PZ Double Top/Bottom Indicator is a technical analysis tool that helps traders identify potential price reversal patterns in the market. 📩 Drop us a message. The Biggest and May 28, 2024 · 4. And plots them beautifully on your charts. The red signals are a bearish breakout. Great Donchian Channel Double Breakout Trading System with Instant Download in MT4 Breakout Indicators, MT4 Channel Indicators with Open Source Code for MetaTrader 4 or 5. Double tops and bottoms are often seen as Jan 31, 2023 · The Double CCI with SMA is a technical trading tool based on commodity channel index and smooth moving average to give you an ideal trading signal. Nov 10, 2017 · I know from my own experience that nobody can scan all trading instruments and timeframes without missing some of these good setups. The double top bottom pattern is arguably one of the technical analysis's most popular chart patterns. Trading NOTES DOWNLOAD these NON-REPAINT Tools For Making The Perfect Trade Entry ( the best trading tools all traders MUST HAVE ) Nov 9, 2023 · The Free Ultimate Double Top/Bottom Indicator will be taking a lot of guesswork and tedious chart scanning out of your daily trading routine. Issuing Alerts (Optional): Provides notifications when a pattern is forming or confirmed. 08. Feb 17, 2024 · EMA Crossover Signal Indicator. MTF RSI on RSI Indicator. [post-title] provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye. ZigZag New: Informative optimized Zigzag, Accumulated volume, Price change A rewrite of the traditional zigzag tool with new additions. The Double Top indicator draws red and green circles to show a trend reversal. These patterns are considered significant in the study of technical The Nadaraya Watson Envelope is highly customizable through its input settings. The RSI Trend Catcher plots a signal line similar to RSI but with some alterations. Recommended Brokers for Swing Point Highs and Lows Indicator. Updated on: 26. Key Takeaways. Searching and detecting MACD signals by the eye may not be easy. mq5 indicator file in the Indicators folder. 10. The indicator uses two coloured lines on your charts, red and blue. 21. From the top menu, click on “File”. Categories: Trend, MT4, Signal, Oscillator. 212 Pattern Alert Indicator. This means that you do not have to do the donkey work of manually identifying the pattern. ”. Categories: Trend, MT4, Patterns. Place a sell order below the low point (valley) between the two peaks. In fact the difference lies only in the filter. Then, we notice an up trend that eventually forms a double top below the 50-period EMA (Exponential Moving Average). The MACD double indicator for MT4 is the classic MACD- Moving average convergence divergence indicator with a higher time frame filter. The feedbacks received to-date have been very positive. Double Exponential Moving Average (DEMA) is a smoother and faster Moving average developed with the purpose of reducing the lag time found in traditional moving averages. The third band stays in the middle of the other two lines. Indicator Settings. Confirm the signal with additional technical analysis or indicators, such as trendlines, RSI, or MACD. Categories: MT4, Signal, Informational. Similar to the MT4 indicator, the Head and Shoulders 4. $ 29. Mar 6, 2023 · Here’s a step-by-step guide to get you started: Download and install the Double Top MT5 Indicator onto your trading platform. Double RSI of Averages NMC Indicator. These indicators, such as the super trend indicator for MT4, forex trend patterns, half trend indicator, and trendline indicator, are designed to decode price movements and unveil lucrative trading opportunities. TOP Double CCI with SMA Cross Arrows with Free Download ⏬ in MT4 Alert Indicators, MT4 Arrow Indicators, MT4 CCI (Commodity Channel Index) Indicators, MT4 Cross Indicators, MT4 High Low Indicators, MT4 MTF (Multi Time Frame) Indicators with Open Source Code for MetaTrader 4 or 5. Double Top Double Bottom Pattern Scanner MT4: This is the free Version, to download the full version click here. Double top and bottom inspection is utilized in scientific inspection to give an explanation of actions in a certainty or another investing , and may be utilized as portion of a trading system to make use of reoccur patterns. These patterns can expand, and the indicator follows the pattern by repainting. Copy the Double_Top. Depending on the settings used for the indicator, price usually moves back and forth within the bands. 82 ( 97) 1. Follow the steps below: Step 1: Locate and copy the VWAP MQL5 file on your computer. This MT4 indicator simplifies things by automatically: Identifying Potential Patterns: Scans the chart for potential double top and double bottom formations. Recommended Brokers for Double Top Indicator. Get Top Bottom Finder for MT4. It is an excellent tool for trend confirmation and a great trend reversal detector. ex4 indicator in the Indicators folder. Double Fib Indicator with Instant Download - Over 12,500 Great Indicators, Trading Systems and Forex EAs (Expert Advisors) for MT4 and MT5 with Daily Updates since 2010. Usage: The indicator is mapping a trend and prints ascending or descending channel on the chart during the price development. DEMA – Double Exponential Moving Average results in lesser delay or lag compared to the standard simple moving averages. By understanding the patterns and using them effectively in conjunction with other analysis techniques, traders can enhance their trading strategies and increase their chances of success. Values between 100-300 are common. May 20, 2023 · 1. Aug 26, 2023 · When the indicator detects a double top pattern, it will likely generate a sell signal. 09. Jun 22, 2024 · The RSI Trend Catcher Signal is an easy-to-follow mt4 indicator that works like the traditional RSI. Set your stop-loss above the highest peak of the pattern. All traders can use this indicator. Updated on: 20. Rainbow Pattern Candlestick Trading System. 73 KB Type: . 82 out of 5. Then double click with your mouse button on “MQL4”. You can use this indicator with any cash pair or trading instrument on MT4. The indicator is the combination of the single and double exponential moving average (if you can't open on MT4) MACD Indicator is one of the most popular momentum indicators among users. 1st. Mulloy in "Technical Analysis of Stocks & Commodities Jan 31, 2017 · PZ Double Top Bottom. Great Double Zigzag No Repaint Indicator with Instant Download in MT4 ZZ (ZigZag) Indicators with Open Source Code for MetaTrader 4 or 5. Categories: Trend, MT4, Informational. EMA crossover Signal indicator for mt4 – download free. Download Size: 671 B Type: . Sep 7, 2023 · SELL Rules. The indicator may recalculate and redraw the patterns if necessary. (downloadable file Double_Top. Feb 23, 2019 · Version: 1. Lucky Reversal Indicator. Free to download and install. 2024. By analyzing the formation of two peaks (in the case of double tops) or two troughs (in the case of double bottoms) at nearly the same level, traders can gain insight into possible shifts in market The Double Top and Bottom Patterns MT4 Indicator is a technical analysis tool used by traders to identify potential trend reversals. Short-term RSI crossing long-term RSI adds a more robust trend Double RSI of Averages NMC Indicator. Step 2: Launch the MT5 platform. Download Size: 18. 06. A Two Period RSI indicator that uses short and long periods. The indicator plots bullish patterns in SKY BLUE and bearish patterns in Salmon. Now double click on “Indicators”. The ZigZag indicator is built directly into your MT4 and MT5 charts. These patterns, known as double tops and bottoms, are characterized by two consecutive peaks or valleys in the price of an asset. Traders can optimize the indicator for any market by adjusting the following parameters: Length – The lookback period used to calculate the indicator. Swapping with the Auto Double Top Finder indicator is usually Oct 19, 2023 · Two Period RSI Indicator. Just load the Double Top and Bottom Forex Pattern indicator onto the Metatrader 4 chart and start trading with it in minutes. 26 KB Type: . The Nov 12, 2018 · High accuracy “Forex Double Top Bottom MT4 Trading Indicator and Template” – Double top and bottom patterns are formed from consecutive rounding tops and bottoms. MT4 Indicators – Download Instructions [post-title] is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data. Super Arrow Indicator. Jun 30, 2024 · MT4 Also Available for MT5. A double bottom chart pattern is considered bullish. Showing 1–25 of 2340 results. Restart your Metatrader platform. Use additional technical analysis tools Jan 10, 2022 · Double Top Bottom Patterns Indicator for MT4 - https://indicatorspot. The free version works on “XAUUSD” and “BTCUSD” charts. 8k. 0 is an indicator built for MT5. Moreover, the BUY and SELL arrow trading signals provide the best forex trading signals. The Head and Shoulders 4. The indicator alerts when the double top or bottom pattern appears on the chart. It analyzes price data and highlights potential double tops and bottoms on your charts, saving you valuable analysis time. Head&shoulders indicator for MT4 scans the charts automatically and provides BUY and SELL forex trading signals. 01. You can get alerts via MetaTrader 4, email and push notifications at the moment when a sig Platform: MT4. 1-2-3 Pattern MTF. Download Size: 19. You can get alerts via MetaTrader 4, email and push notifications at the moment when a sig The Half Trend Indicator MT4 is a forex trading tool that is used to identify potential market reversals. Double Zero Indicator with Instant Download - Over 12,500 Great Indicators, Trading Systems and Forex EAs (Expert Advisors) for MT4 and MT5 with Daily Updates since 2010. Download Double Top And Bottom Indicator for MT4/MT5 free Jan 12, 2024 · Conclusion. X-Gen Synt. By combining the strengths of the Stochastic Oscillator and RSI, it provides a more comprehensive view of market conditions, helping you make more informed trades. Double_Top is a mt4 (MetaTrader 4) indicator and it can be used with any forex trading systems / strategies for additional confirmation of trading entries or exits. com© 2024. Accurate trend reversal mt4 indicator. Best trend reversal mt4 indicator. Step 3: Click File ( see blue arrow below) on the main toolbar > Open Data Folder see blue box below. Great Double CCI with SMA MTF Indicator with Instant Download in MT4 CCI (Commodity Channel Index) Indicators, MT4 MTF (Multi Time Frame) Indicators with Open Source Code for MetaTrader 4 or 5. 2. com/forex-double-top-bottom-patterns-mt4-trading-indicator-and-template. The indicator is available for free on the internet and can be downloaded from various websites. Navigate to “ Indicators . New "All-in-one SMC" Indicator for MT4 automatically detects ALL market structure breaks & ALL order blocks for you. Therefore, I have created an Alerter-Tool which checks up to 30 instruments and 8 timeframes for you. com Aug 14, 2023 · 189. Alexander Nikolaev. BB MACD V6 Indicator. Click on the File menu button located at the top left part of the platform. The trend is likely to go up after the pattern appears on the chart. tweet. This indicator is applicable for both short term traders and long term traders. Jun 11, 2023 · The above GBPJPY H1 chart shows the Double top-bottom patterns indicator for MT4. The indicator displays the recent swing lows and highs on your MT4 chart. The indicator tells you overbought oversold areas and presents buying and selling opportunities. Unlike the full version, some functions are disabled and the parameters cannot be changed - English Download the 'Double Top Tracker Free Version' Technical Indicator for MetaTrader 4 in MetaTrader Market Jun 13, 2024 · Double Top Bottom Indicator MT4 Free. The DEMA indicator for MT4 was developed by Patrick Mulloy in the quest to reduce the lag in moving averages. Categories: Signal, MT5, Patterns. DEMA was first time introduced in 1994, in the article "Smoothing Data with Faster Moving Averages" by Patrick G. Wait for the indicator to identify potential double top patterns. The indicator works on all currency pairs and all timeframes including M1. In order not to search for them yourself, or not These indicators provide real-time market analysis, helping traders make better trading decisions. This tool is available for a small one-time-fee here: Double Top/Bottom Alerter. Mar 27, 2022 · Click on “ Download Indicator ” button located at the bottom of the post. This indicator finds double top and double bottom reversal patterns, and raises trading signals using breakouts. zip. Two Period RSI compares long-term and short-term RSI lines, and plots a fill between them for improved visualization. Double Top and Double Bottom Pattern Indicator for MT4 Free Download With so many indicators, different strategies and candlesticks, it can be very easy to miss out on great trading setups. So, when the price breaks out below the neckline of the double top, it TOP-Rated Indicators for MetaTrader. Forex Engulfing Pattern Indicator. Pattern Searching Zigzag Indicator. Cci Double Wsma Kinoa Indicator. In conclusion, the Double Stochastic RSI MT4 Indicator is a valuable tool for traders seeking to enhance their decision-making process. 50 ( 2) 634. When the faster moving average crosses above the slower one, it indicates a potential bullish trend, while a cross below suggests a possible bearish trend. These patterns are reversal, often after the emergence of the trend turns back or a correction occurs. This indicator helps you to define trend and sometimes overbought/oversold prices during flat trend. Rate this Indicator from 1 to 5. Dec 28, 2017 · Double Top Tracker Free Version: This indicator is a free version of Double Top Tracker . Double CCI Woody Oscillator with Instant Download - Over 12,500 Great Indicators, Trading Systems and Forex EAs (Expert Advisors) for MT4 and MT5 with Daily Updates since 2010. Great Double RSI of Averages NMC Indicator with Instant Download in MT4 RSI (Relative Strength Index) Indicators with Open Source Code for MetaTrader 4 or 5. 05 KB Type: . 2k. Top and Bottom lines can work as levels for reversal move and can help set a place for your stop-loss and take-profit. Double Top & Bottom Pattern Indicator with Instant Download - Over 12,500 Great Indicators, Trading Systems and Forex EAs (Expert Advisors) for MT4 and MT5 with Daily Updates since 2010. 4. Select ‘Insert’ > ‘Indicators’ > ‘Custom’ > ‘ZigZag’. A clearly established trend. Double Smoothed Stochastic Slope Indicator. The blue signals are a bullish breakout. Great Double Stochastic RSI Indicator with Instant Download in MT4 RSI (Relative Jun 19, 2024 · The forex double top and the bottom indicator has the following characteristics. ROC Indicator with Instant Download - Over 12,500 Great Indicators, Trading Systems and Forex EAs (Expert Advisors) for MT4 and MT5 with Daily Updates since 2010. Top-Trading-Indicators. Provides forex trend direction entry, exit and retracement trading opportunities. $ 249. Download Size: 15. These indicators help traders identify potential support and resistance levels by plotting parallel lines on price charts. If You Trade “Smart Money Concepts”, This Is A Dream Come True. Leveraging sophisticated algorithms, these tools empower traders to discern trends amidst market noise and align their strategies Double Tops & Bottoms [QuantVue] QuantVue Sep 8, 2023. The May 29, 2024 · Traditionally, identifying double top/bottom patterns involves manually inspecting charts and comparing price movements. Double Tops A Double Top is a bearish reversal pattern, typically found when an uptrend returns back to a prior peak. Larger values smooth the envelopes more. Apr 27, 2018 · Please read also the blog post " Professional Trading With Double Tops/Bottoms And Divergences! " which explains the concepts behind the ULTIMATE Double Top/Bottom indicator and how you can use a professional top-down approach. Support and resistance indicator for mt4. They assist in understanding price patterns and market trends, playing a crucial role in formulating effective trading strategies. fx agency advisor. However, the higher time frame filter provides buy and sell signals for forex traders using a MTF – multi timeframe trading strategy using the MACD. Drawing Visual Markers: Highlights the key price levels involved in the pattern. 7k. To start using this indicator follow these steps; NOTE: If you do not yet have the correct charts, you can read about how to get Free MT4 / MT5 demo charts here. Favourite free MT4 and MT5 indicators all in one place for more successful trading. Keltner Channel is a well known indicator that not in MT4's indicators default lineup (You can get this from your broker somehow). Added real time data update for current zigzag leg. Categories: MT4, Signal, Patterns, Informational. Choose from popular options such as moving averages, Bollinger Bands, and MACD, known for their reliability and accuracy. Open your MT4 or MT5 charts. This is a premium MT5 indicator that you can try out with a free demo version. Open the trading chart that you want to analyze. Categories: Trend, MT4, Oscillator. MT5 Also Available for MT4. Download Size: 26. Oct 5, 2016 · Two Period RSI. Dec 11, 2022 · KT Double Top Bottom MT4. 58 out of 5. Extract and move the files into MT4>Indicator folder of the MetaTrader4 software file directory. ex4 & Double_Top. MACD 2Line for MT4 generates technical analysis signals for trading based on moving averages and the volume histogram. Although the Auto Double Top finder ex4 record can disappear in any time span, we recommend using it in the H1 or M15 time frame. Double Top & Bottom Patterns Indicator with Instant Download - Over 12,500 Great Indicators, Trading Systems and Forex EAs (Expert Advisors) for MT4 and MT5 with Daily Updates since 2010. out of 5. 1. 1 2021. Finally restart the MT4 Nov 8, 2021 · Alexander Nikolaev. Aug 21, 2023 · This can be done by adding the indicator to the custom list. Jan 12, 2021 · Double Top MT5 Indicator can be adapted to various trading styles. How to install this indicator on Metatrader 4? Open the Metatrader 4 platform. This 1,2,3 pattern indicator is used to find trend reversal and breakout trades. Updated on: 19. We cannot offer any technical support for it. Download Size: 4. Often after the appearance of these patterns, the trend reverses or a correction occurs. Updated on: 30. Updated on: 31. Jan 25, 2016 · If you are good at trading at levels This indicator is all you need levels to manage your trades Market is usually follow current trend when break out some levels or reverse Trade at the Institutional traders level with the best supply and demand zone indicator available in MT4 and MT5 The Secret Profit Levels Signals indicator for MT4 is a Download forex indicators for Metatrader (MT4/MT5) This indicator finds double top and double bottom chart patterns, a must-have tool for price action traders. May 31, 2024 · The Engulfing Indicator for MT4 – free download scans the market and identifies the engulfing patterns in the chart. 5. Double Zero Indicator. In fact, the indicator goes a step further to differentiate the bearish engulfing and bullish c and labels them accordingly. These patterns are used to capitalize on recurring patterns and identify trend reversal patterns, thereby creating well-placed entry and exit levels. The PZ Double Top Bottom Indicator for MetaTrader 5 (MT5) is a financial trading tool designed to identify and signal potential reversal patterns in the price charts of financial instruments. Jun 15, 2018 · Please read also the blog post " Professional Trading With Double Tops/Bottoms And Divergences! " which explains the concepts behind the ULTIMATE Double Top/Bottom indicator and how you can use a professional top-down approach. Add To Cart. 61 KB Type: . This indicator is a free indicator that was sourced from the internet and is not an Expert4x indicator. However, the indicator implements a twist to make it easier to trade: it waits for a Donchian breakout in the right direction Aug 22, 2020 · DOWNLOAD TRADING INDICATORS & TEMPLATE:https://traderversity. Forex double top and bottom Jun 17, 2021 · The most effective way to exchange with the Auto Double Top Finder Indicator. Scan Full Charts Dashboard Indicator with simple user interface and search customization panel saves time and scans all charts for MACD signals search and notifies the user with Jun 12, 2024 · Donchian channel MT4 indicator. Auto Fibonacci Indicator. Great Double Top Indicator with Instant Download in MT5 SR (Support and Resistance) Indicators with Open Source Code for We would like to show you a description here but the site won’t allow us. Master Pattern V3 Indicator. Set the Double Top MT5 Indicator to scan the desired timeframe. Free Download Feb 16, 2017 · Supply & Demand-MT4-Indicator. Click on Open Data Folder > MQL5 folder > Indicators. Read More North East Way EA MT4/MT5 FREE Download. Great Double CCI Filter with Instant Download in MT4 CCI (Commodity Channel Index) Indicators, MT4 Filter Indicators with Open Source Code for MetaTrader 4 or 5. Both these variables can be used to tweak the sensitivity of the moving . Updated on: 14. com. Recommended Brokers for Double CCI With SMA Indicator. You will find the indicator here (Navigator window > Indicators) The double sma forex mt4 indicator can be used to identify both bullish and bearish trends by plotting two different moving averages on a chart: a faster one and a slower one. There are many advantages to using this indicator. Categories: MT4, Signal. Best Non-Repainting Systems for MT4 and MT5. See full list on dadforex. Take a look at the red triangle (Double Top Indicator). The Double Top Indicator plots red and green diamonds to show trend reversals. It uses different and approximately all the timeframes that help the traders in comparison to the price actions. The Biggest and Best Collection of Indicators and Trading Systems on Top-Trading-Indicators. This indicator finds and displays the Double Bottom and Double Top technical analysis patterns. In addition, it catches the bullish and bearish divergences and Explore our ranking of Top Channel Indicators for MT4 based on popularity. Input Description: EMAperiod: Moving Average period used for indicator. Save the file to your computer. 2023. As we can see in this chart, this is a bearish trend. There are already more than one thousand traders currently using the indicator. Fill is colored differently according to an uptrend (short period RSI above long period RSI) or a downtrend (short period RSI below long period RSI). Jan 31, 2023 · Reviews (1) Description. 1,2,3 Pattern Indicator MT4. 00 ( 1) 510. The Biggest Collection of Indicators and Trading Systems on Top Jul 27, 2021 · The Trigger Lines Indicator has two variables which can be adjusted within its indicator settings to control the sensitivity of the two lines. Download Size: 738 B Type: . Lifetime access. Moreover, it shows the BUY arrow trading signal in BLUE and SELL arrow signal in RED. Aug 18, 2021 · Indicators. Conversely, day traders, who enter and exit positions within the same Triple Top & Bottom Patterns Indicator with Instant Download - Over 12,500 Great Indicators, Trading Systems and Forex EAs (Expert Advisors) for MT4 and MT5 with Daily Updates since 2010. This indicator finds the "Double Bottom" and "Double Top" technical analysis patterns, shows them on the chart of the currency pair and can signal if the pattern was formed recently. MT4 Also Available for MT5. Improve your trading performance with the best indicators for the forex. 6k. The Double Tops/Bottoms indicator streamlines this process by automatically detecting these formations. The Double Top & Bottom Pattern Indicator for MT4 is a technical analysis tool used to identify potential reversal patterns in price charts. Features:- Optimized - English. Recommended Brokers for MACD 2 Line Indicator. Recommended Brokers for Double Tops and Bottoms Indicator. The double top and bottom patterns may be utilized in the guise of the section of a trading strategy to get hold of benefits of occur again patterns in the price of a distinction as well. Categories: MT4, Signal, Oscillator. mq4) Free Download Double_Top forex Mt4 Indicator Aug 5, 2023 · Description. Version: 1. Updated on: 28. MT4. MT4 and MT5 indicators can help you quickly identify these patterns and most indicators come with inbuilt systems to send you alerts. Paste the Price patterns. Swing traders, who hold positions for longer durations (days or weeks), can utilize the indicator to identify potential swing trading opportunities based on the double top pattern and confirmation signals. Macd Filtered Super Smoothed Indicator. Close and restart the trading platform. Great Double Smoothed MACD Stochastic Indicator with Instant Download in MT4 MACD 5 days ago · Head&Shoulders Visual Indicator. 63 KB Type: . Read about and get the MT4 double top and bottom indicator here. 0 for MT5 offers a large range of features such as clear trading signals, performance statistics, customizable Fibonacci retracement levels and more. Then click on “Open Data Folder”. htmlJOIN US: https://www More Great MetaTrader Indicators. Free MT4 indicator Download Supply and Demand Indicator Trading Tools. Great Double Zero Indicator with Instant Download in New MT4 and MT5 Indicators with Open Source Code for MetaTrader 4 or 5. Best for breakout trading. Conclusion. Signals (displays a message on the screen) if the shape was formed recently. This indicator is designed to detect and plot Double Tops and Double Bottoms, by setting the initial high or low using standard pivot points. rar contains Double_Top. Great Double SMA Indicator with Instant Download in New MT4 and MT5 Indicators with Open Source Code for MetaTrader 4 or 5. Double Tops and Bottoms indicator for mt4 – download free. 0. Oct 20, 2021 · Fab! Version 1. The Double top-bottom patterns indicator for MT4 is an efficient tool that scans the patterns and alerts the forex trader. The KT Double Top Bottom is based on these patterns and fine-tunes Nov 23, 2023 · The Double Top Double Bottom MT4 Indicator is one such tool that empowers traders to identify potential trend reversals and make profitable decisions. Zero Non Lag MA Indicators. 05. com/indicator/double-top-bottom-patterns-indicator/ - Download FREEDouble Top Bottom Pat Oct 9, 2023 · The Keltner channel indicator is made up of three bands on the MT4 platform, with two serving as the upper and lower bands. VWAP Indicator MT5. 00 ( 7) 1. This indicator is based on the popular double top and bottom chart patterns, which are formed when the price reaches two peaks or valleys at roughly the same level, indicating a possible reversal in market direction. The “Rperiod” and “LSMA_Period” both adjust the number of periods used at different parts of the indicator’s formula. The indicator uses a combination of moving averages and price action to generate buy and sell signals. Description. Double tops and double bottoms are well-known chart patterns that traders and analysts use to predict reversals in the current trend. lt ad zh cp nd pc ai jh np bo