Double Top and Double Bottom Pattern Indicator Download for MT5 - Free | Forex Indicator Download - MetaTrader 5 Resources

The Double Top and Double Bottom (DTDB) indicator on the Meta Trader 5 indicator uses the Zig Zag indicator with a period of 3 to identify and plot classic double top and double bottom patterns.

The DTDB Indicator displays double tops in blue and double bottoms in red , allowing traders to quickly identify these important patterns on the chart.

DTDB indicator table

Indicators at a glance

The Double Top and Double Bottom Pattern is a specialized tool for identifying double and double bottom patterns on price charts. It utilizes the MetaTrader5 ZigZag indicator to detect these patterns, showing double tops in blue and double bottoms in red .

Additionally, it uses labeling to accurately highlight these patterns, making it easier for traders to identify them easily.

Double Top Pattern

In the 15-minute USD/CHF chart Double Top Double Bottom (DTDB) indicator uses blue to show the double top pattern Zig Zag indicator. This feature helps traders easily identify double top patterns and conduct more accurate analysis.

double bottom pattern

In the 4-hour NZD/CAD chart Double Top Double Bottom (DTDB) indicator uses red to show the double bottom pattern Zig Zag indicator. This feature helps traders easily identify double bottom patterns and conduct more accurate analysis.

DTDB indicator settings

• Zigzag line properties: Zig Zag line settings;
• Show Zig Zag Line: Switch the display of zigzag lines;
• The pivot period of the zigzag line: Set the period of the zigzag line;
• Zig Zag Line Style: Select the zigzag line style;
• Zig Zag Line Color: Select the color of the zigzag line;
• Zig Zag Line Width: Select the width of the zigzag line;
• Double top and double bottom attributes: double top and double bottom settings;
• Proximity Percent: Set proximity percentage;
• Display double top and double bottom: switch the display of double top and double bottom;
• Double Top Color: Select the color of the double top;
• Double bottom color: Select the color of the double bottom.

Conclusion

The Double Top and Double Bottom (DTDB) indicator is a tool for identifying classic double top and double bottom patterns, which are automatically displayed on the chart. This DTDB Indicator enhances the trading strategy by making it easier for traders to identify these patterns by displaying double tops in blue and double bottoms in red .