Double top/bottomHello!
This alerts is based on the double bottom pattern - for entering a long position / double top-short
A double bottom pattern is formed when two price bottoms are relatively at the same level and the top acts as resistance. This pattern appears at the end of a downtrend and signals a reversal.
A double top is a bearish reversal pattern that signals the end of an uptrend. It is formed by two price highs forming at the same level and a notch line that acts as local support.
As history and practice show, the double bottom pattern works better. Moreover, in a bull market.
// LOGIC ENTRY:
Period for short and long positions-to search for double bottom as well as double top . the more, the less false.
Change liong and short-channel width for pattern search separately for long and short.
General shift-the overall width of the channel, which changes equally at once for long and short
By default, quiet settings for 1 hour
You can choose the settings you like.
//FILTER SETTING
-RSI
If the checkbox is checked, the filter will be enabled.
The higher the upper bound, the less frequent short entries.
The lower the indicators of the lower border, the less frequent entries to the long
Indian
Go_up Hello. Our task is to find the local minimum. The trade is entered on the basis of RSI and SMA according to a specific formula, which is embedded in the code. When the RSI crosses the SMA upside down, a long position is entered. You can change the length of the RSI. The longer the length, the less frequent, but more accurate the entrance, and vice versa. You can use a different time frame. The default RSI length is 25 and the time frame is 15 minutes. Use hooks for auto trading, there is an alert. I recommend using a larger number of altcoins and with the default settings or TF 5 minutes. If you want to "scalp", then use the length 15-21 and take profit 0.5-2 percent. See the history of signals and you can make the optimal strategy for yourself. Due to the strong volatility, these settings are optimal. I use position averaging over history, additional purchase occurs no more than three times, before going into a plus. Entering a trade in notifications "once per bar". To exit, you can use scripts from other authors, for example, pivot / resistance points. No repainting. If anyone has any questions, write, I will answer in detail. good luck trading, dear friends!
