Currency Pairs: Any
Timeframes: M5 M15
Minimum Deposit: Any
Recommended Account Type: ECN or Raw Spread
Leverage: From 1:30 to 1:1000
Recommend broker: Roboforex
Recommend Vps: GoVPSFX
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The Double Top/Bottom (DTP) indicator is a MetaTrader tool designed to automatically detect and display Double Top and Double Bottom formations on the chart. These patterns are key in technical analysis, as they signal potential trend reversals. The indicator helps traders identify important resistance (for Double Top) and support (for Double Bottom) levels on a given timeframe, which is especially useful for trading volatile assets such as gold (XAU/USD) on shorter timeframes (M5/M15).
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