Automatic Double Top Finder Forex Indicator MT4
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Archive : Automatic Double Top Finder Forex Indicator MT4 Digital Download
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Product Information
The Automatic Double Top Finder indicator for Meta Trader 4 quickly identifies double-top and double-bottom chart patterns and generates breakout signals and warnings.
This indicator may be used on MT4 with any currency pair or trading instrument. While the Automatic double top finder ex4 file can be used on any time frame, we prefer that it be used on the H1 or M15 time frames. Trading with the Automatic Double Top Finder indicator is quite simple. After identifying a potential entry point, the indicator displays either a blue arrow, indicating a bullish indication to buy, or a red arrow, indicating a bearish signal to sell.
What options and parameters should I employ?
When you load the indicator, you will see a list of input settings. Don’t get discouraged if you believe there are too many variables. Each parameter is in its own self-explanatory block; simply read and modify.
Indicator Configuration: The amplitude of the patterns shows their size. The maximum number of history bars is the number of bars on the chart to look back at. The indication will load faster if there are fewer bars to assess.
Patterns: Select the color scheme for the patterns.
Breakouts: The indicator employs breakouts to facilitate trading. You may also change the breakout duration (in bars) and the color of the arrows in the chart.
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