“Double Bottom” Classical Chart Pattern Stock Screener

The double bottom chart pattern is a bullish reversal pattern characterized by two distinct troughs at approximately the same price level within a given timeframe, that suggests a potential trend reversal from a downtrend to an uptrend, as buying pressure increases after the second trough, indicating potential upward momentum

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This post focuses on customizable factory scans associated with Double Bottom 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 Bottom classical chart patterns

Tags: 

List symbols where pattern is Double Bottom

Add Column Double Bottom Status as Status
Add Column Double Bottom Target as Target
Add Column Double Bottom Date as Date

Apply to NSE

Plot

This scan is designed to identify NSE symbols that have recently formed a Double Bottom chart pattern.

The scan’s output report provides information about the current state of this pattern, including whether it is confirmed or unconfirmed, and whether the target level has already been reached.

Additionally, the report includes details about the Double Bottom’s target level and the date when this classical chart pattern pattern was triggered.

Confirmed Double Bottom classical chart patterns

This scan code exclusively seeks out validated or confirmed Double Bottom classical chart patterns.

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

Add Column Double Bottom Status as Status
Add Column Double Bottom Target as Target
Add Column Double Bottom Date as Date

Apply to NSE

Plot

For insights into the Double Bottom 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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