Double touch pattern
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- This topic has 4 replies, 3 voices, and was last updated 1 year ago by robertogozzi.
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07/06/2022 at 9:10 AM #196861
Can I get some help please regarding double touch patterns? I know there are posts on double top or bottoms but my request is slightly different.
SCREENER criteria
1. price bouncing off the same area within 50 periods.
2. Short- bearish candle forming at area of previous and recent bearish candle (within 50 periods)
3 Long. Bullish candle forming at area of recent bullish candle,
I’ll appreciate your help.
KR
07/06/2022 at 10:23 AM #196872How do you fine the “same area” in terms of price? A range of points or percent of price?
1 user thanked author for this post.
07/06/2022 at 5:39 PM #196905Hi again,
Struggling to come up with an answer to that but I know points will be hard and depend on the asset being traded. I have attached some pictures of what I’m looking for. Hope that helps
07/07/2022 at 8:52 AM #196943Ok, so looking for support resistance areas as a cluster of tops and bottoms formed with .. fractals maybe?
These tops are aligned “visually”, but we have to code that, so that should be somehow calculated within a range of price.
Anyway, I think this Double top and bottom screener, should make it: https://www.prorealcode.com/prorealtime-market-screeners/double-top-double-bottom-screener/
Bunch of products about that patterns in the marketplace: https://market.prorealcode.com/?s=double+top&post_type=product
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07/07/2022 at 8:55 AM #196944I coded this one:
1234567891011121314Periods = 50HI = highest[Periods](max(open,close))LO = lowest[Periods](min(open,close))Bullish = close > openBearish = close < openScond = Bullish[1] AND Bearish AND (max(high,high[1]) >= HI)Lcond = Bearish[1] AND Bullish AND (min(low,low[1]) <= LO)Cond = 0IF Scond THENCond = 2ELSIF Lcond THENCond = 1ENDIFSCREENER[Cond](Cond AS "1=↑,2=↓")and this is the indicator:
1234567DEFPARAM DrawOnLastBarOnly = truePeriods = 50HI = highest[Periods](max(open,close))LO = lowest[Periods](min(open,close))DrawSegment(BarIndex[Periods - 1],HI,BarIndex + 1,HI) coloured(0,0,255,255) //BlueDrawSegment(BarIndex[Periods - 1],LO,BarIndex + 1,LO) coloured(255,0,0,255) //RedRETURN1 user thanked author for this post.
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