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The double top buy is a bullish swing breakout pattern. ‘More than n boxes after the double top buy’ condition helps you define the number of boxes after the double top buy pattern. N is the number of boxes that you can define.
1 – Double top buy pattern
2 – Number of boxes after double top buy pattern
When you define 3 boxes after the double top buy signal, it will show you candidates with more than 3 boxes after the double top buy pattern.
It can help you look for patterns where there has been a strong rise after a bullish breakout. Those stocks exhibit strong bullish momentum.
This condition can also help you design a pattern in the system builder by combining other pattern conditions.
This pattern can be plotted on the chart by adding it from the study menu in TradePoint & RZone. The pattern is also available in the system builder section. By combining this pattern with other patterns and indicators, you can create your own trading strategies. For any group of stocks and market segments, you can scan and backtest stocks based on those strategies.