Advanced Double Bottom Finder (Simple, M-Shape, Gull Patterns)

Description: This indicator identifies three distinct types of Double Bottom patterns based on Pivot points and SMA (Simple Moving Average) filtering. Instead of a simple price comparison, it classifies patterns to provide deeper insights into market structure and liquidity.

Pattern Types:

Simple Double Bottom (DB): A classic trend reversal pattern with a "Higher Low." It indicates price stability above the recent low while staying below the SMA during the peak.

M-Shaped Double Bottom (M-DB): Occurs when the peak between the two lows breaks above the SMA, suggesting stronger bullish momentum before the second low is formed.

Gull Sweep Double Bottom (Gull): A "Liquidity Grab" pattern where the second low sweeps below the first low but recovers quickly above the SMA. This is often seen in high-volatility reversals.

Key Features:

SMA Confirmation: Filters signals by requiring a price crossover above the SMA, reducing false positives during flat trends.

Dynamic Pivot Analysis: Uses configurable left/right bar strengths for pivot detection.

Unified Alerts: Set a single alert for all patterns or monitor them visually via color-coded labels.

How to use:

Works on all timeframes. Recommended for 15M, 1H, and 4H for swing trading.

Ensure the Chart Timezone matches your local trading hours for accurate signal tracking