Double Top Bottom
These patterns are considered reversal patterns. They are confirmed on the break of the neck line with increased volume.
You have an option to decide how close the 2 top/bottom prices need to be to each other with the sensitivity setting. Setting this value on 0 would be the 2 points needed to be the exact same price, max variance we let it go up to is 300 which we don’t recommend but added as you can also use these to help spot potential divergence signals. We recommend the setting on 50.
You have an option to enable/disable them, along with their labels where you can choose if only one label is displayed or a sign on both of them. You have the option to change the colour of the lines.
To set an alert, toggle the alert button in the Double Top & Bot section of the settings, to the right of this you also have a drop down box where you can choose the frequency in which the alert gets sent. We recommend using ‘Once per bar close’ for these signals so the alert only gets sent once the candle has closed to confirm the pattern.
Once you have selected these, right click on the 3 dots next to the indicator name, then click ‘Add Alert’ From here you can customise the settings how you want but leave the 2 condition boxes how they are. Once you have created the alert that is all you need to do!