Search
Products
Community
Markets
News
Brokers
More
IN
Get started
Community
/
Ideas
/
Double top
ZETA / TetherUS PERPETUAL CONTRACT
Double top
By Wahid363
Follow
Follow
Aug 11
0
Cheer
Cheer
Aug 11
//
version
=5
indicator("Double Top Pattern with Sell Signal", overlay=true)
threshold = input(1.0, title="Price Difference Threshold (%)")
// Double Top Detection
pivotLeft = ta.pivothigh(3, 3)
pivotRight = na(pivotLeft[1]) ? na : ta.pivothigh(3, 3)[3]
doubleTop = na(pivotLeft) ? na : (math.abs(pivotLeft - pivotRight) / pivotLeft) * 100 < threshold
// Plotting the double top and marking sell signal
plotshape(doubleTop ? pivotLeft : na, location=location.abovebar, color=color.red, size=size.small, style=shape.labeldown, text="DT", title="Double Top")
plotshape(doubleTop ? low : na, location=location.belowbar, color=color.red, style=shape.triangledown, text="Sell", title="Sell Signal")
// Adding alerts
alertcondition(doubleTop, title="Double Top Alert", message="Double Top Detected! Consider Selling")
// Setting the chart to 15 minutes
timeframe = "15"
Chart Patterns
Wahid363
Follow
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the
Terms of Use
.