This strategy for
Designer focuses on identifying long entry points using the "double bottom" pattern. It effectively filters out quick lows, which may indicate a continuation of the trend, to avoid false signals. The entry is triggered when the second low forms after a configurable delay, suggesting a potential end to the decline.
Key Features:
- Entry on confirmed "double bottom" with a time delay;
- Filters false signals by analyzing time gaps;
- Exit on break of the nearest 50-period high;
- Works in both trending and counter-trend conditions.
Installation Guide:For detailed installation instructions in
Designer, follow this
link.