Ultimate Double Top Bottom Indicator for MT5

This indicator for MetaTrader is a trend reversal tool that identifies the actual end double tops and bottoms of an asset. Double tops are a potential bearish reversal signal, while double bottoms indicate a possible bullish move. Double tops/bottoms may not always show up due to various market factors. To this end, you may have to wait until the price breaks the neckline before entering a BUY/SELL position. The indicator is recommended for beginners, intermediate and advanced traders. In addition, it is also suitable for scalpers, day/intraday and swing traders. How to Trade With The Ultimate Double Top Bottom Indicator The indicator allows you to easily identify patterns on the forex chart and draws arrows for buying and selling. It also gives alerts so you don't miss the perfect moment to enter a trade. The screenshot below shows how this indicator would look on your MT5 chart. Also, it is recommended to use it in combination with price action/other technical indicators to improve trading efficiency. BUY and SELL signals: First, wait for the indicator to identify a double bottom, which means a potential up move. You can then enter a BUY/LONG position after the indicator shows the double bottom pattern arrow signal. The above principle also applies to creating a SELL setup/entry. You can refer to the screenshot above for a better understanding. Conclusion The Ultimate Double Top Bottom Indicator for MT5 is a technical tool designed to help you identify the Ultimate Double Top Bottom. Finally, it's free to download.