Quick DTB

The Quick Double Top Buy is a variation of the standard Double Top Buy pattern, with an added time-based condition.

Refer to the image above.

In this pattern, the column of ‘O’ before the Double Top Buy column indicates a price correction. The duration of this correction can be assessed by checking the high and low dates of that ‘O’ column.

A Double Top Buy pattern is then formed in the next column (a column of ‘X’). If the time taken to form this breakout column of ‘X’ is shorter than the duration of the preceding correction column of ‘O’, the setup qualifies as a Quick Double Top Buy.

This indicates that the price broke out in less time than it took to correct—suggesting a sharp bullish comeback and strong momentum.

This pattern is particularly effective when used in scans rather than relying solely on visual chart analysis or backtesting. That’s because the breakout column of ‘X’ may continue to extend after the breakout, changing its duration and making manual identification less consistent.

In summary, the Quick DTB pattern is a time-sensitive breakout signal that helps identify powerful momentum setups—especially valuable when scanning.

This pattern can be plotted on the chart by adding it from the Add study menu in TradePoint & Patterns in 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.