Automatic Double Top Finder
Double-top/bottom pattern recognition · Blue/red arrow signals · Best on H1/M15 · MT4
About Automatic Double Top Finder
The Automatic Double Top Finder Indicator, documented at atozmarkets.com, fx141.com, and mmalib.com, is a pattern-recognition tool for MetaTrader 4 that automatically identifies double-top and double-bottom chart patterns — classic technical analysis formations used to spot potential market reversals — and implements breakout signals with alerts.
The indicator works on any currency pair or trading instrument and any timeframe, though it's recommended for use on the H1 or M15 timeframes. Once it identifies a possible entry point, it displays a blue arrow (bullish/buy signal) or a red arrow (bearish/sell signal) directly on the chart.
- Platform: MetaTrader 4
- Type: Double-top/double-bottom pattern recognition indicator
- Recommended timeframes: H1 or M15
- Signals: Blue arrow = buy, red arrow = sell
- Compatibility: Any currency pair or instrument, any timeframe
- Source: atozmarkets.com · Automatic Double Top Finder Indicator
Key Features
✓ Automates a classically manual pattern-recognition task (double top/bottom spotting)
✓ Clear visual arrow signals — easy to read at a glance
✓ Works on any pair/instrument and timeframe, with H1/M15 recommended
⚠ Pattern-based signals work best combined with broader trend/context analysis — a double top in a strong uptrend may simply be a pause, not a reversal