{"id":216619,"date":"2026-05-11T00:00:46","date_gmt":"2026-05-11T00:00:46","guid":{"rendered":"https:\/\/ushopwell.com\/ublog\/double-bottom-indicator-does-it-work\/"},"modified":"2026-05-11T00:00:46","modified_gmt":"2026-05-11T00:00:46","slug":"double-bottom-indicator-does-it-work","status":"publish","type":"post","link":"https:\/\/ushopwell.com\/ublog\/double-bottom-indicator-does-it-work\/","title":{"rendered":"Double Bottom Indicator &#8211; Does it Work?"},"content":{"rendered":"<div class=\"youtubomatic-video-container\"><iframe loading=\"lazy\" width=\"580\" height=\"380\" src=\"https:\/\/www.youtube.com\/embed\/prROx87FchA?autoplay=1&#038;controls=1&#038;hl=en\" frameborder=\"0\" allowfullscreen><\/iframe><\/div>\n<p>I&#8217;ve finally coded a Double Bottom detecting algorithm and have added it to BTFD Bot. So is it worth looking for this pattern or is it an overrated trading technical analysis signal?<\/p>\n<p>00: 00 &#8211; Double Bottom Pattern<br \/>\n01: 12 &#8211; Backtest Results (Japan Equities)<br \/>\n02: 42 &#8211; Backtest Results (US Equities)<br \/>\n07: 00 &#8211; BTFD Bot Backtester Results<br \/>\n09: 04 &#8211; Improving the Win Rate<br \/>\n09: 55 &#8211; Issues with Double Bottoms<br \/>\n12: 00 &#8211; Summary<\/p>\n<p>Various researchers have claimed a 68 &#8211; 78% win rate for the double bottom pattern:<\/p>\n<p>Summary of Double Bottom backtest results: <a href=\"https:\/\/www.quantifiedstrategies.com\/double-bottom-strategy\/\" target=\"_blank\">https:\/\/www.quantifiedstrategies.com\/double-bottom-strategy\/<\/a><br \/>\nFinancial Wisdom&#8217;s best chart patterns: <a href=\"https:\/\/www.youtube.com\/watch?v=TmRgEQOVtsw\" target=\"_blank\">https:\/\/www.youtube.com\/watch?v=TmRgEQOVtsw<\/a><\/p>\n<p>This pattern is significantly more complex compared to other indicators such as 52 week lows. There is a major subjective aspect to 52 week lows. Some traders claim that the distance between the two lows makes a difference, as does the volume at the second low. As far as I have been able to tell from my own data, none of this makes a significant difference. It has also proven significantly more difficult to optimise double bottoms. This may be because they form over an extended time period, so other factor including macro economic indicators are less relevant when it comes to assessing a double bottom.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I&#8217;ve finally coded a Double Bottom detecting algorithm and have added it to BTFD Bot. So is it worth looking for this pattern or is it an overrated trading technical analysis signal? 00: 00 &#8211; Double Bottom Pattern 01: 12 &#8211; Backtest Results (Japan Equities) 02: 42 &#8211; Backtest Results (US Equities) 07: 00 &#8211; BTFD Bot Backtester Results 09: 04 &#8211; Improving the Win Rate 09: 55 &#8211; Issues&#8230;<\/p>\n","protected":false},"author":1,"featured_media":216620,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","tve_updated_post":"","tve_custom_css":"","tve_user_custom_css":"","tve_globals":{},"tcb2_ready":0,"tcb_editor_enabled":0,"tve_landing_page":"","_tve_header":"","_tve_footer":""},"categories":[1],"tags":[],"class_list":["post-216619","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Double Bottom Indicator - Does it Work? - UshopWell.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ushopwell.com\/ublog\/double-bottom-indicator-does-it-work\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Double Bottom Indicator - Does it Work? - UshopWell.com\" \/>\n<meta property=\"og:description\" content=\"I&#8217;ve finally coded a Double Bottom detecting algorithm and have added it to BTFD Bot. 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