Double Bottom Pattern Identifier

25 فبراير 2019

I think everybody knows the Double Bottom Pattern, so I omit the introduction.

The algorithm uses 8 internal watchers to identify the incomplete W-pattern. If any of the watchers finds the pattern, the signal will be plotted on the chart. You can customize the lookback periods for the watchers as well as you can specify the precision of the difference between two possible bottoms.

By default, all watchers wait for bar closing to avoid repainting issues. You can switch off this option.

Additionally, you can shift down the signal labels to the preferred distance and set an alert for a new pattern found.

NOTE: the blue straight lines are not included.

25 فبراير 2019

ملاحظات الأخبار

• Cleaned the code
  

10 فبراير 2020

ملاحظات الأخبار

• Major update
  

4 يونيو 2020

ملاحظات الأخبار

• Update
  

4 يونيو 2020

ملاحظات الأخبار

• Update
  

5 يونيو 2020

ملاحظات الأخبار

• Update
  

9 أبريل 2021

ملاحظات الأخبار

• Added statistics
  
• Neckline, Take Profit and Stop Loss reforged
  
• DB and Long labels now have tooltips
  
• New options for Take Profit: Points, Pips
  
• New options for Stop Loss: Last Bottom, Points, Pips
  
• Alerts reforged
  

10 أبريل 2021

ملاحظات الأخبار

• Fixed a minor issue with patterns overlapping
  

18 أبريل 2021

ملاحظات الأخبار

• Fixed bug with TP/SL levels plotting
  

16 يونيو 2024

ملاحظات الأخبار

• Pine Script V5
  
• Deep update of internal logic
  
• Updated Settings UI
  
• Updated Statistics table
  
• Now you can use "Any alert() function call" option for alerts
  
• Ability to customize alert messages
  

16 يونيو 2024

ملاحظات الأخبار

• Updated preview
  

12 يناير

ملاحظات الأخبار

• Pine Script V6