Double Top/Bottom Fractals Detector

How it works

The indicator calculates confirmed fractals by analyzing price extremes over a specified number of bars. It identifies potential double top and bottom patterns by comparing recent confirmed fractals within a defined bar distance and percentage tolerance.

An additional early signal mechanism uses asymmetric offsets to detect potential reversals sooner. By examining candidate bars with specific left and right offsets, the indicator can generate proactive signals before fully confirmed fractal patterns emerge.

Why it may be useful

This signal helps traders identify potential trend reversals more accurately by combining traditional fractal analysis with advanced pattern detection techniques. It provides multiple layers of confirmation, reducing false signals and improving trade entry precision.

The flexible design allows traders to customize detection parameters, making it adaptable to different market conditions and trading styles. By offering both confirmed and early signals, traders can make more informed decisions about potential trend changes.

When to explore it

The indicator works best in markets with clear trending or ranging characteristics, where price patterns are more likely to form predictable reversal structures. It is particularly effective in timeframes where fractal patterns have higher reliability, such as daily, 4-hour, and 1-hour charts.

Traders should use this signal in conjunction with other technical analysis tools to validate potential trade opportunities. It is most suitable for markets with moderate volatility, where price movements are structured enough to form recognizable patterns.

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