Double Bottom / Top Indicator

Indicators coded by community members
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trigraphite
Posts: 2
Joined: Thu Jun 25, 2015 3:20 pm

Double Bottom / Top Indicator

#1 Postby trigraphite » Thu Jun 25, 2015 3:27 pm

I would like to create a double bottom / double top indicator. I feel it would be advantageous to have on Forex Tester.

Initially it can be based on the following variables.

Time
Pair
Candle1: Price must close at x price
Candle2: Price must open the next candle at the same price as x Candle1

Then it graphic can be generated when this takes place.

That's all.

trigraphite
Posts: 2
Joined: Thu Jun 25, 2015 3:20 pm

Re: Double Bottom / Top Indicator

#2 Postby trigraphite » Fri Jun 26, 2015 9:46 am

Here is an image of how powerful an indicator for FT2 is to determine double bottoms and tops. This actually happened on the USDJPY today on the 30M time frame.
Attachments
doublebottom price action.jpg
doublebottom price action.jpg (158.32 KiB) Viewed 6425 times


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