1. The indicator identifies both bullish and bearish twin peaks: - Bullish: Two consecutive valleys below zero, where the second valley is higher than the first - Bearish: Two consecutive peaks above zero, where the second peak is lower than the first 2. Visual elements: - AO histogram with color-coding for increasing/decreasing values - Triangle markers for confirmed twin peak signals - Zero line for reference - Customizable colors through inputs 3. Built-in safeguards: - Minimum separation between peaks to avoid false signals - Maximum time window for pattern completion - Clear signal reset conditions 4. Alert conditions for both bullish and bearish signals
To use this indicator:
1. Add it to your TradingView chart 2. Customize the input parameters if needed 3. Look for triangle markers that indicate confirmed twin peak patterns 4. Optional: Set up alerts based on the signal conditions
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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