Trendoscope

Double Top/Bottom - Ultimate (OS)

Trendoscope Wizard Actualizado   
This is zigzag based double top/bottom indicator. Code is same as : Double-Top-Bottom-Ultimate
But, republishing it to make it available open source.

Double Top:

  • Recognition - Checks on Zigzag if LH is followed by HH
  • Confirmation - When low crosses under last lower pivot point on zigzag
  • Invalidation - When high crosses over HH


Double Bottom:

  • Recognition - Checks on Zigzag if HL is followed by LL
  • Confirmation - When high crosses over last higher pivot point on zigzag
  • Invalidation - When low crosses under LL

Few input options:

  • Option to display risk per reward which defines how steep is the W-M triangle. This is simply the ratio of price difference between mid point to top most and bottom most points. In case of double top , downside is considered as reward and upside is considered as risk and with double bottom , downside is considered as risk and upside is considered as reward. Lower risk per reward signifies better trade.
  • Option to display stats which shows number of occurances of double top and bottom and how many times price crossed confirmation point and invalidation point (which are also marked with dashed lines) Stats are color coded. Higher confirmation rates are colored in shades of green, lower confirmation rates are colored in shades of orange whereas the neutral confirmation rates are coloed in light yellow.
Notas de prensa:
Added max_bars_back for resolve issue with historical bars.
Notas de prensa:
Fixed runtime error

Script de código abierto

Siguiendo el verdadero espíritu de TradingView, el autor de este script lo ha publicado en código abierto, para que los traders puedan entenderlo y verificarlo. ¡Un hurra por el autor! Puede utilizarlo de forma gratuita, aunque si vuelve a utilizar este código en una publicación, debe cumplir con lo establecido en las Normas internas. Puede añadir este script a sus favoritos y usarlo en un gráfico.

Exención de responsabilidad

La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.

¿Quiere utilizar este script en un gráfico?