Twin Top Bottom Indicator | Forex Factory

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Twin Top Bottom Indicator

  • #1
  • First Post: Jun 30, 2008 8:49am Jun 30, 2008 8:49am
A FF member requested this indicator:

It signals twin top (2 adjacent bars with the same highs) and twin bottom (2 adjacent bars with the same lows) chart formations.
Attached Image (click to enlarge)
Click to Enlarge Name: twintopbottom.gif Size: 17 KB
Attached File(s)
File Type: mq4 Twin Top Bottom.mq4   2 KB | 2,201 downloads
Dave
  • #2
  • Jun 30, 2008 8:54am Jun 30, 2008 8:54am
I forgot to mention: the "offset" parameter is the number of pips above/below the signal bar to paint the arrow.
Dave
  • #3
  • Jun 30, 2008 9:59am Jun 30, 2008 9:59am
Thanks for sharing this indicator with the forum
"To Be A Successful Forex Trader, You Need A Successful Forex Mentor."
  • #4
  • Jun 30, 2008 11:16am Jun 30, 2008 11:16am
My pleasure, CTGUY!
Dave
  • #5
  • Jun 30, 2008 11:34am Jun 30, 2008 11:34am
Just for your information people, I requested this to be programmed by DaveL and as you can see, it's a matching bottom/top breakout indicator famously taught here by James16. A visual scan of the chart with this indicator shows tremendous profitability in this simple pattern, be it on a 5m, 15m, or 60m bar. I've been using this 2 bar pattern to trade currency futures with excellent result and urge members of this forum to look at it. Cheers to DaveL and the work he's put to make this wonderful indicator.
  • #6
  • Jun 30, 2008 11:41am Jun 30, 2008 11:41am
You're very welcome, Jody!
Would there happen to be a quick "white-paper" summarizing the key facets of the James16 methodology?
Dave
  • #7
  • Jun 30, 2008 8:22pm Jun 30, 2008 8:22pm
Is their a time frame that is better to use, is thier a common time from james16 uses ? Or what is the most common time frame people use


Quoting JodyOng
Just for your information people, I requested this to be programmed by DaveL and as you can see, it's a matching bottom/top breakout indicator famously taught here by James16. A visual scan of the chart with this indicator shows tremendous profitability in this simple pattern, be it on a 5m, 15m, or 60m bar. I've been using this 2 bar pattern to trade currency futures with excellent result and urge members of this forum to look at it. Cheers to DaveL and the work he's put to make this wonderful indicator.
  • #8
  • Jul 1, 2008 9:48am Jul 1, 2008 9:48am
Here is a word document showing price patterns and you'll find how to use this indicator there.
Attached File(s)
File Type: doc PA.doc   27 KB | 1,382 downloads
  • #9
  • Jul 1, 2008 11:23am Jul 1, 2008 11:23am
Thanks, Jody!
I can expand the indicator to include these other patterns.
Dave
  • #10
  • Jul 4, 2008 10:04am Jul 4, 2008 10:04am
Quoting JodyOng
Just for your information people, I requested this to be programmed by DaveL and as you can see, it's a matching bottom/top breakout indicator famously taught here by James16. A visual scan of the chart with this indicator shows tremendous profitability in this simple pattern, be it on a 5m, 15m, or 60m bar. I've been using this 2 bar pattern to trade currency futures with excellent result and urge members of this forum to look at it. Cheers to DaveL and the work he's put to make this wonderful indicator.
Hallo Jody!

Brilliant idea and actually helps a lot. I will try it out next week! Thanks also to DaveL for the work.

Ciao!
Matt
  • #11
  • Last Post: Apr 2, 2011 4:10pm Apr 2, 2011 4:10pm
Quoting JodyOng
Just for your information people, I requested this to be programmed by DaveL and as you can see, it's a matching bottom/top breakout indicator famously taught here by James16. A visual scan of the chart with this indicator shows tremendous profitability in this simple pattern, be it on a 5m, 15m, or 60m bar. I've been using this 2 bar pattern to trade currency futures with excellent result and urge members of this forum to look at it. Cheers to DaveL and the work he's put to make this wonderful indicator.
Hi Jody,

I know this is an old post, but i hope you're still around

I would really like to here how you're trading this profitable cause i see a lot of fakes when i put it on my chart.

Thanks!
Blindly following others will make you blind!
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