Double Bottom Pattern (Python)

This pattern-based strategy scans for two consecutive lows at roughly the same price separated by a set distance. After the second bottom forms, a bullish candle confirms the reversal. When confirmation occurs, the system buys with a stop below the pattern lows. The setup aims to capture sharp rebounds from exhausted selling. Exits rely on a predefined stop-loss or manual profit targets.

• Entry Criteria: Two bottoms form within SimilarityPercent after Distance bars.

• Long/Short: Long only.

• Exit Criteria: Price fails or stop-loss.

• Stops: Yes.

• Default Values:

• Distance = 5

• SimilarityPercent = 2.0m

• CandleType = TimeSpan.FromMinutes(15)

• StopLossPercent = 1.0m [*]Filters:

• Category: Pattern

• Direction: Long

• Indicators: Price Action

• Stops: Yes

• Complexity: Intermediate

• Timeframe: Intraday

• Seasonality: No

• Neural Networks: No

• Divergence: Yes

• Risk Level: Medium