Double touch pattern

• 07/06/2022 at 9:10 AM #196861
  James.adejare

  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

  

  James.adejare

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  07/06/2022 at 10:23 AM #196872
  Nicolas

  How do you fine the “same area” in terms of price? A range of points or percent of price?

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  Nicolas

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  07/06/2022 at 5:39 PM #196905
  James.adejare

  Hi 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

  

  James.adejare

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  07/07/2022 at 8:52 AM #196943
  Nicolas

  Ok, 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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  Nicolas

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  07/07/2022 at 8:55 AM #196944
  robertogozzi

  I coded this one:

  Periods = 50 HI = highest[Periods](max(open,close)) LO = lowest[Periods](min(open,close)) Bullish = close > open Bearish = close < open Scond = Bullish[1] AND Bearish AND (max(high,high[1]) >= HI) Lcond = Bearish[1] AND Bullish AND (min(low,low[1]) <= LO) Cond = 0 IF Scond THEN Cond = 2 ELSIF Lcond THEN Cond = 1 ENDIF SCREENER[Cond](Cond AS "1=↑,2=↓")

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  Periods = 50 HI      = highest[Periods](max(open,close)) LO      = lowest[Periods](min(open,close)) Bullish = close > open Bearish = close < open Scond   = Bullish[1] AND Bearish AND (max(high,high[1]) >= HI) Lcond   = Bearish[1] AND Bullish AND (min(low,low[1])   <= LO) Cond    = 0 IF Scond THEN    Cond = 2 ELSIF Lcond THEN    Cond = 1 ENDIF SCREENER[Cond](Cond AS "1=↑,2=↓")

  and this is the indicator:

  DEFPARAM DrawOnLastBarOnly = true Periods = 50 HI = highest[Periods](max(open,close)) LO = lowest[Periods](min(open,close)) DrawSegment(BarIndex[Periods - 1],HI,BarIndex + 1,HI) coloured(0,0,255,255) //Blue DrawSegment(BarIndex[Periods - 1],LO,BarIndex + 1,LO) coloured(255,0,0,255) //Red RETURN

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  DEFPARAM DrawOnLastBarOnly = true Periods = 50 HI      = highest[Periods](max(open,close)) LO      = lowest[Periods](min(open,close)) DrawSegment(BarIndex[Periods - 1],HI,BarIndex + 1,HI) coloured(0,0,255,255)   //Blue DrawSegment(BarIndex[Periods - 1],LO,BarIndex + 1,LO) coloured(255,0,0,255)   //Red RETURN

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  robertogozzi

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