Double Top indicator detects and displays single and double tops and bottoms.
The indicator has three input parameters:
Minumum Height/Depth – minimum height/depth of a top/bottom in points
Maximum distance between the twin tops/bottoms – maximum distance between tops/bottoms of a double top/bottom
Maximum number of bars after the top/bottom – maximum number of bars between different tops/bottoms
Single top/bottom is marked by a dot on a chart: the green dot indicates a top, while the red one shows a bottom
The first (left) top/bottom of the double top/bottom is marked by a dot on a chart: the green dot indicates the top, while the red one shows the bottom
The second (right) top/bottom of the double top/bottom is marked by a star: the green star indicates the top, while the red one shows the bottom
