Cyatophilum Double Top & Bottom [ALERTSETUP]Private Indicator
Version Alpha
The indicator is subject to changes.
This indicator's goal is to help automatically find double top and double bottom patterns.
Its core algorithm uses purely price action and does not use any kind of overbought/oversold oscilator.
To be validated, a double top/bottom must be preceded by a simple top/bottom.
Parallel Channels
To be validated, a double top/bottom must be inside the top/bottom parallel channel. Channels will expire after some time. A channel's range is automatically calculated when changing timeframe or symbol. Channels can be used to trade breakouts after a double top/bottom happened.
Alerts
This indicator allows to create automated alerts in order to receive signals for an event. The available alerts are:
Double Bottom
Double Top
Simple Bottom
Simple Top
Send me a message if you would like to help me test the indicator.
Podwójny Szczyt
Double Top Pattern IdentifierHello friends,
This script is a powerful, non-repainting detector for the classic Double Top pattern — one of the most widely recognized bearish reversal setups. The indicator automatically identifies and tracks developing 'M'-shaped formations in real-time, confirming valid entries once the neckline is broken and providing complete trade management features. No manual configuration for detection is needed — it works out of the box.
🛠 How It Works
It uses advanced techniques that involve pivot points analysis and do not rely on other indicators, ensuring robustness and adaptability across different market conditions. When a potential Double Top is detected, the indicator marks the pattern points, draws the neckline, and waits for confirmation.
Once confirmed, it generates a 'Short' signal with calculated Take Profit (TP) and Stop Loss (SL) levels.
The script includes a statistics table summarizing performance metrics — such as number of patterns, trade results, bar distances, and top differences — all dynamically updated on your chart.
🔥 Key Features
Pine Script V6 — optimized logic and performance
Works out of the box — no manual configuration required
Non-repainting detection
Fully visualized structure — points, neckline, TP, and SL plotted automatically
Multiple TP/SL modes: R/R ratio, ATR-based, percent, points, pips, ticks, or top-to-neckline distance
Trailing Stop Loss support
Interactive statistics table with pattern count, trade outcomes, profit ratio, and structural measurements
Smart alert system
Customizable alert messages with placeholders (price, ticker, timeframe, etc.)
Clean, updated UI with improved layout and organization
If you'd like access or have any questions, feel free to reach out to me directly via DM.
👋 Good luck and happy trading!
Płatny skrypt
Dav-o meter (public)I decided to make this formerly invite only script public (you can find the invite only version here
If you are part of the invite only you don't need to change scripts. I will push improvements first on the invite only script but in time it will come to this version as well.
I would love to know your ideas and thoughts on how this indicator can be improved, so feel free to give any feedback.
Remember to give it a thumbs up if you like it.
Triple Bollinger BandsI found myself using multiple bollinger bands a lot so I decided to add them all to one script and add the ability to adjust them by 0.2. It has helped me by not taking up as much space in the upper left corner as well as improving my in's and outs of trend continuation trades. If you manage to find a double top at +2 or greater deviation, and with a bearish divergence on the RSI as shown in this picture, GO SHORT SON! This was a fast and easy 35 - 40 pips and if you used your fibonacci for an exit you had little doubt of the final result and could have even been prepared for an immediate reversal knowing you were then at an oversold -2.8 deviation. I could go on and on........
