“Double Top” Classical Chart Pattern Stock Screener

The double top classical chart pattern is a bearish reversal pattern that forms after a sustained uptrend and consists of two consecutive peaks at approximately the same price level, separated by a minor pullback, indicating potential trend reversal and a likely downward move

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This post focuses on customizable factory scans associated with Double Top classical chart pattern. These factory scans can be edited, modified, or rewritten and then scanned using ChartAlert’s native stock screener or technical analysis scanner, namely the Basic Scanner and Advanced Scanner.

Display recent Double Top classical chart patterns

Tags: 

List symbols where pattern is Double Top

Add Column Double Top Status as Status
Add Column Double Top Target as Target
Add Column Double Top Date as Date

Apply to NSE

Plot

This scan is designed to identify NSE symbols that have recently exhibited a Double Top classical chart pattern.

The output report also provides information about the current status of the Double Top, indicating whether it is a confirmed or unconfirmed pattern, and whether the target associated with the pattern has already been reached.

Additionally, the scan presents details such as the target level of the Double Top classical chart pattern and the date on which the pattern was triggered.

Confirmed Double Top classical chart patterns

The following scan only looks for confirmed Double Top classical chart patterns. It also displays the number of bars since the pattern was triggered.

List symbols where pattern is Double Top
and Double Top Status = Confirmed

Add Column Double Top Status as Status
Add Column Double Top Target as Target
Add Column Double Top Date as Date
Add Column BarsSince(pattern is Double Top) as BS

Apply to NSE

Plot

For insights into the Double Top classical chart pattern, including the psychology underlying the pattern, and how to trade the pattern, as well as an exploration of its advantages and limitations as a tool, click here.

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