Automatic Double Top Finder Forex Indicator MT4

Automatic Double Top Finder Forex Indicator MT4

Course Detail

Salepage: Automatic Double Top Finder Forex Indicator MT4

Product Description

Automatic Double Top finder indicator for Meta Trader 4 finds double-top and double-bottom chart patterns easily and implements breakout signals and alerts.

You can use this indicator with any currency pair or trading instrument on MT4. While Automatic double top finder ex4 file can work on any time frame, we recommend using it on H1 or M15 time frame. It’s relatively easy to trade with the Automatic Double Top finder indicator. After finding a possible entry point, the indicator displays either a blue arrow which is a bullish signal to buy, or a red arrow which is a bearish signal to sell.

What settings and parameters should I use?

When loading the indicator you will see a set of options as input parameters. Don’t despair if you think there are too many variables. Each parameter is in a self-explanatory block, just read and amend.

Indicator Settings: The amplitude represents the size of the patterns. The max. history bars parameter is the number of bars in the chart to look back. Fewer bars to evaluate means the indicator will load faster.

Patterns: Choose the colors of the patterns.

Breakouts: The indicator implements breakouts to make trading easier. Moreover, you can select the breakout period (in bars) and the color of the arrows to be displayed in the chart.

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