OPEN-SOURCE SCRIPT
Double Top/Bottom Screener v2
How to Test and Use
On Charts:
Add to a 1min chart (e.g., reload EVAX or your 256-level stock).
Adjust inputs via the gear icon: Set "Absolute Tolerance ($)" to 0.01 (or 0.005 for stricter).
Scroll/zoom to see: Lines only on today's swings; purple signal only on true doubles (e.g., two red lines at exact 256.00). No more false positives from slight drifts.
Table now shows the active level—helps verify.
In Pine Screener:
Reload the indicator (select "Double Top/Bottom Screener v2").
Set timeframe to 1min, watchlist to your high-volume US list.
Filter: "Pattern Signal" equals 1.
Click Scan—results should drop significantly (only clean doubles). If still too many, increase "Min Bars Between" to 20+ in script inputs (rescan).
For persistence: Rescans will keep showing unbroken patterns (signal stays 1 until break).
This should match your "cent by cent" ideal—e.g., two swings at exactly 256.00 or 256.01 will trigger, but 256.02 won't. If EVAX now fails (tops not within 0.01), tweak tolerance up slightly. Test on a few charts; if issues persist, share a specific symbol/screenshot for further tweaks!
On Charts:
Add to a 1min chart (e.g., reload EVAX or your 256-level stock).
Adjust inputs via the gear icon: Set "Absolute Tolerance ($)" to 0.01 (or 0.005 for stricter).
Scroll/zoom to see: Lines only on today's swings; purple signal only on true doubles (e.g., two red lines at exact 256.00). No more false positives from slight drifts.
Table now shows the active level—helps verify.
In Pine Screener:
Reload the indicator (select "Double Top/Bottom Screener v2").
Set timeframe to 1min, watchlist to your high-volume US list.
Filter: "Pattern Signal" equals 1.
Click Scan—results should drop significantly (only clean doubles). If still too many, increase "Min Bars Between" to 20+ in script inputs (rescan).
For persistence: Rescans will keep showing unbroken patterns (signal stays 1 until break).
This should match your "cent by cent" ideal—e.g., two swings at exactly 256.00 or 256.01 will trigger, but 256.02 won't. If EVAX now fails (tops not within 0.01), tweak tolerance up slightly. Test on a few charts; if issues persist, share a specific symbol/screenshot for further tweaks!
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.