Just as in real-life, everything comes with a trade-off. And that is true of Focal Points and Double Tops / Bottoms, as well. The trade-off has been mentioned many times before, but is worth reminding readers... The SMA lines are backshifted by 1/2 ...

Trading Focal Points -- "A Leap Of Faith"...

Below is a chart where I've combined the latest DTB indicator with @Nih98's sweet spot indicator. @Nih98 was a good friend and a mentor to many at FF. He died a young man a few years ago. @Nih98 developed a ton of software that he freely shared. His ...

Trading Focal Points -- "A Leap Of Faith"...

@Enagy -- I don't think you've even installed my indicator, let alone attach it to a chart. Please stop -- you are pre-newbie. After you learn how to use MT4 then it will become clear to you. We're not here to teach you how to use MT4. Of course you ...

Trading Focal Points -- "A Leap Of Faith"...

One of us is confused. The indi being used here is an MT4 indicator. If you download and install the indicator that I shared then what you see will look **exactly** as what everyone else is seeing. There are a couple of settings -- maybe your ...

Trading Focal Points -- "A Leap Of Faith"...

This Focal Point and Double Top / Bottom business really interests me -- more than my initial impression. And though it is my thread, this really is @parisboy's baby. Less than two weeks ago I had never heard of Focal Points or Double Top / Bottom. ...

Trading Focal Points -- "A Leap Of Faith"...

@Enagy -- if you don't realize that this is an MT4 indicator and if you don't know how to download and install it then: (a) You aren't ready to trade with it, and (b) You certainly have no clue how to build MT4 software using Meta Editor This isn't ...

Trading Focal Points -- "A Leap Of Faith"...

@ntk -- thanks for the good word, but you are treading on thin ice. This thread has absolutely nothing to do with the other indicator -- that was developed in a previous life. Try a different pair or time frame. I hope my message is clear...

Trading Focal Points -- "A Leap Of Faith"...

Updated version of the Double Top / Bottom indicator -- I'm not sure how much further I can take it. The one thing it still misses is a guesstimated Target Price. This version identifies the most RECENT Double Top / Bottom, where a DTB is defined ...

Trading Focal Points -- "A Leap Of Faith"...

As @parisboy has pointed out, not all DTB's are created equal -- so, there remains a fair amount of discretion involved. However, when you spot a good one, it's almost as good as gold. I've yet to see a "good" DTB end as a loser. However, you have ...

Trading Focal Points -- "A Leap Of Faith"...

Next version of the DTB indicator. Now it's getting closer to detecting a valid, though simple Double Top / Bottom. Algorithmically, I'm defining a DTB as a 16x32x64 crossing followed by two 16x32 crossings. In the chart below 16x32x64 crossings are ...

Trading Focal Points -- "A Leap Of Faith"...

Double Tops within Double Tops -- reminds me of @George's fractals. I'm not going down that path...

Trading Focal Points -- "A Leap Of Faith"...

The new R4M-Double-TopBottom indicator is intended to be used alone -- NOT in conjunction with the Focal Point indicator. So, just 3 SMA lines and a few yellow X's...

Trading Focal Points -- "A Leap Of Faith"...

Perhaps -- but for there to be any hope of creating **codable** rules I'll need to focus on the ones that are "more equal" than the others. It's okay if we pass on the subtle ones -- we don't need to trade every Double Top / Bottom. These Double ...

Trading Focal Points -- "A Leap Of Faith"...

A new indicator -- R4M-Double-TopBottom. This is a work in progress, so don't book your Hawaiian vacation quite yet. This initial version simply detects 16x32x64 crossings that typically precede Double Tops / Bottoms. The crossings are marked with a ...

Trading Focal Points -- "A Leap Of Faith"...

@FundedCoffee -- I updated my post to include a chart after you had posted. Another clue as to why I don't think its a Double Top is because it is not preceded by a 16x32x64 crossing. I'm not claiming that my definition is correct all the time or ...

Trading Focal Points -- "A Leap Of Faith"...

This one I'm not so sure of. The double tops are further apart than what I'm used to seeing. But we'll see... image

Trading Focal Points -- "A Leap Of Faith"...

Correction: We have theory, practice and **codable**... So, though it may not be true 100% of the time, if it allows for a codable rule it may be "good enough". So, let me re-phrase the question: Is it "good enough" to assume that Double ...

Trading Focal Points -- "A Leap Of Faith"...

Would everyone agree that a Double Top is always preceded by a 16x32x64 crossing? image

Trading Focal Points -- "A Leap Of Faith"...

Yes -- I'm working on a Double-Top indicator that focuses on 16x32 crossings...

Trading Focal Points -- "A Leap Of Faith"...

Beautiful -- you could bet the family farm on that one...

Trading Focal Points -- "A Leap Of Faith"...