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Tradehook.tech-MTMGBS-PatternFinder

M/W pattern and double top/bottom detection with neckline calculation and price target projection.

Key Features
Double top detection
Double bottom detection
Neckline calculation
Target projection
Pattern validation rules
About This Indicator

Tradehook.tech-MTMGBS_PatternFinder

M/W Pattern & Double Top/Bottom Detection

Category: Patterns | Overlay: Yes | Complexity: ⭐⭐⭐⭐

Description

PatternFinder specializes in detecting M patterns (double tops) and W patterns (double bottoms) - classic reversal formations.

Pattern Validation Rules

  1. ✓ Two peaks/troughs within tolerance %
  2. ✓ Pattern completes within max bars
  3. ✓ Sufficient retracement between peaks (min 20%)
  4. ✓ Volume declining on second peak (ideal)

Best Use Cases

✅ Reversal trading at significant levels
✅ Target calculation for existing positions
✅ Stop placement (behind pattern)
✅ Trend exhaustion confirmation

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PlatformTradingView
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One-Time PurchaseSource Code
LicensePersonal Use

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