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The Double Top, M, is a bearish reversal pattern. The indicator will display Double Top on your charts.
Different display are available on charts.
Depending on everyone criteria, as well as the timeframe used, many parameters are adjustable to allow everyone to have the tool that suits them, and this without having to modify the slightest line of code.
To adjust indicator parameters, simply open the Configuration menu :
The values shown above are given, as examples and do not constitute an optimal or recommended setting, everyone should find his own settings.
Adjustable validation criteria :
- Maximum percentage between tops
- M minimum height
- Maxi distance between actual price and keypoints
Available filters :
- Actual price near tops
- Actual price near neckline
- Actual price breaking out neck line
- Bearish divergence RSI on tops
- Neckline touching sma20
Display Options :
- Arrows on keypoints
- M’s triangles
- M’s lines
- Theoretical objective
Characteristics :
- Works on all TimeFrames
- ProRealTime V11 and later versions compatible
- Free ProRealTime (daily closings) compatible
- Automatic and free updates
Watch the video user’s guide on our Youtube channel, subtitles available in English :
🇫🇷 M, Double Top / 🇮🇹 M, Doppia Cima / 🇩🇪 M, Doppeltop / 🇪🇸 M, Doble Techo
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