Fluffykats's Double Bottom indicator with alert v1 by fluffykat

trendanalysis doublebottom doublebottompattern double multiple multiplebottoms

This is a double bottom indicator with an alert that has many settings to customize your double bottom .

From Wikipedia "A double bottom is the end formation in a declining market. The pattern is formed by two price minima separated by local peak defining the neck line. The formation is completed and confirmed when the price rises above the neck line, indicating that further price rise is imminent or highly likely."

The following can be customized:

The left and right bar strengths for both the Right Top ( RT ) and Left Top ( LT ). For an explanation on RT / LT bar strength see (pivothigh) tradingview pine script API notes.
The price variance in % between RT / LT
The minimum and maximum allowable separation between RT / LT
Ability to toggle visibility of prices

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Best regards.

Release Notes:

Bug fixes
Can detect multiple bottoms

Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact fluffykat for more information, or follow the author's instructions below.

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Disclaimer

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Author's instructions

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