Sunil's Three 3 Inside Up Down Indicator

12月14日

Three candlestick Pattern Bullish Reversal- Three Inside Up => Formed by a Bullish Harami pattern followed by a confirmation candle closing above the previous candle.

Three candlestick Pattern Bearish Reversal- Three Inside Down => Formed by a Bearish Harami pattern followed by a confirmation candle closing below the previous candle.

7天前

版本注释

Hello Guys,
The script is based on two high reliable candlestick patterns.

Each pattern contains 3 candles to form.

First one is the 3 Inside Up which is formed by Bullish Harami Candle followed by a confirmation candle closing above the previous candle.

Second one is the 3 Inside Down which is formed by Bearish Harami Candle followed by a confirmation candle closing below the previous candle.

For Long Entry
The 3 Inside Up Candlestick Pattern must form near the support.
Go Long when the price crosses over the close of the 3 Inside Up Pattern.
Stop Loss for long position is the lowest of the 3 candles forming the 3 Inside Up Pattern.

For Short Entry
The 3 Inside Down Candlestick Pattern must form near the resistance.
Go Short when the price crosses under the close of the 3 Inside Down Pattern.
Stop Loss for short position is the highest of the 3 candles forming the 3 Inside Down Pattern.

Reward:Risk Ratio = 1:1 or depends upon the time frame and security type.

No. of contracts = 100
Set Margin for Long Positions = 0
Set Margin for Short Positions = 0

All the best.




Three candlestick Pattern Bullish Reversal- Three Inside Up => Formed by a Bullish Harami pattern followed by a confirmation candle closing above the previous candle.

Three candlestick Pattern Bearish Reversal- Three Inside Down => Formed by a Bearish Harami pattern followed by a confirmation candle closing below the previous candle.