3 candelestick pattern

• 06/26/2024 at 4:19 PM #234378
  tonbijl

  I am looking for 3 candelstick patern as an indicator for scalping therfore no screener.

  Bear candele closes below the opening of candel 1.

  Bulle candele closes above te opening of candele 1.

  

  tonbijl

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  06/26/2024 at 4:26 PM #234382
  robertogozzi

  It’s a 2-candle pattern then?

   

  

  robertogozzi

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  06/26/2024 at 4:31 PM #234383
  tonbijl

  it doesn’t save the attachment.

   

  

  tonbijl

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  06/26/2024 at 4:55 PM #234387
  tonbijl

  Bear candele closes below the opening of candel 1.

  Candele 1 is  an Up candele, candele 2 is an Up candele and then candele 3 closes below the opening of candel 1.=Bear

  Bulle candele closes above te opening of candele 1.

  Candele 1 is a down candele, candele 2 is down candele and then candele 3 close above te opening of candele 1.= Bull

  

  tonbijl

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  06/26/2024 at 8:01 PM #234389
  JS

  Hi Ton,

  You can try this one…

  3 Candle Pattern

  If Close[2]>Open[2] and Close[1]>Open[1] and Close<Open[2] then Bear=1 Bull=0 ElsIf Close[2]<Open[2] and Close[1]<Open[1] and Close>Open[2] then Bear=0 Bull=1 EndIf Return Bull as "Bull" Coloured("Green"), Bear as "Bear" Coloured("Red")

  1 2 3 4 5 6 7 8 9

  If Close[2]>Open[2] and Close[1]>Open[1] and Close<Open[2] then Bear=1 Bull=0 ElsIf Close[2]<Open[2] and Close[1]<Open[1] and Close>Open[2] then Bear=0 Bull=1 EndIf   Return Bull as "Bull" Coloured("Green"), Bear as "Bear" Coloured("Red")

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  robertogozzi

  

  JS

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  06/26/2024 at 8:24 PM #234390
  tonbijl

  Thank jou, the formula is good, but I would like een signal if the conditions are met. Now i only get a signal when there is a trend reversal.

  

  tonbijl

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  06/26/2024 at 8:41 PM #234391
  JS

  This one is with “arrows” when the condition is true…
  (Load indicator on price)

  3 Candle Pattern

  If Close[2]>Open[2] and Close[1]>Open[1] and Close<Open[2] then Bear=1 Bull=0 ElsIf Close[2]<Open[2] and Close[1]<Open[1] and Close>Open[2] then Bear=0 Bull=1 EndIf If Bull=1 and Bear[1]=1 then DrawArrowUP(BarIndex,Low)Coloured("Green") ElsIf Bear=1 and Bull[1]=1 then DrawArrowDown(BarIndex,High)Coloured("Red") EndIf Return //Bull as "Bull" Coloured("Green"), Bear as "Bear" Coloured("Red")

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15

  If Close[2]>Open[2] and Close[1]>Open[1] and Close<Open[2] then Bear=1 Bull=0 ElsIf Close[2]<Open[2] and Close[1]<Open[1] and Close>Open[2] then Bear=0 Bull=1 EndIf   If Bull=1 and Bear[1]=1 then DrawArrowUP(BarIndex,Low)Coloured("Green") ElsIf Bear=1 and Bull[1]=1 then DrawArrowDown(BarIndex,High)Coloured("Red") EndIf   Return //Bull as "Bull" Coloured("Green"), Bear as "Bear" Coloured("Red")

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  DeathMetal, Iván, tonbijl

  

  JS

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  06/27/2024 at 2:20 PM #234428
  MaoRai54

  @ JS

  sorry but i don’t understand why you write this line:    If Bull=1 and Bear[1]=1

  I think it’s not possible to have bull in the current bar and bear in the previous one.

  

  MaoRai54

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  06/27/2024 at 2:53 PM #234434
  JS

  Hi @MaoRai54

  Look at the graph…

   

  

  JS

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  07/09/2024 at 4:09 PM #234993
  KumoNoJuzza

  Hi,

  Thanks for the indicator.  I am trying to use convert it to a strategy. A position is open at the next candle to the one showing the buy/sell signal. I would like to open the position once the arrow is drawn.

  Any clue on how to do write it ?

  Thanks

  3 Candle pattern strategy

  // 3 Candle Pattern //Strategy If Close[2]>Open[2] and Close[1]>Open[1] and Close<Open[2] then Bear=1 Bull=0 ElsIf Close[2]<Open[2] and Close[1]<Open[1] and Close>Open[2] then Bear=0 Bull=1 EndIf //Timeframe (1 mn) If Bull=1 and Bear[1]=1 then buy 0.5 contract at market //DrawArrowUP(BarIndex,Low)Coloured("Green") ElsIf Bear=1 and Bull[1]=1 then sellshort 0.5 contract at market //DrawArrowDown(BarIndex,High)Coloured("Red") EndIf

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19

  // 3 Candle Pattern   //Strategy If Close[2]>Open[2] and Close[1]>Open[1] and Close<Open[2] then Bear=1 Bull=0 ElsIf Close[2]<Open[2] and Close[1]<Open[1] and Close>Open[2] then Bear=0 Bull=1 EndIf   //Timeframe (1 mn) If Bull=1 and Bear[1]=1 then buy 0.5 contract at market //DrawArrowUP(BarIndex,Low)Coloured("Green") ElsIf Bear=1 and Bull[1]=1 then sellshort 0.5 contract at market //DrawArrowDown(BarIndex,High)Coloured("Red") EndIf

   

  

  KumoNoJuzza

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  07/09/2024 at 4:53 PM #234995
  JS

  Your strategy code is good, and the order can’t be executed faster than this…

  The “Close” of the last bar is decisive so the fastest execution is on the “Open” of the next bar…

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  KumoNoJuzza

  

  JS

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  07/09/2024 at 5:31 PM #234997
  KumoNoJuzza

  Thanks JS.

  I also will try to switch timeframe.

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  JS

  

  KumoNoJuzza

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  07/10/2024 at 7:29 PM #235031
  KumoNoJuzza

  Building on the strategy, for each position, I want to set the stop loss at the open value of the previous candle as per the blue marks on the picture. I am sure there is an obvious way to code it but I cant get it right.

   

  // 3 Candle Pattern //Strategy If Close[2]>Open[2] and Close[1]>Open[1] and Close<Open[2] then Bear=1 Bull=0 ElsIf Close[2]<Open[2] and Close[1]<Open[1] and Close>Open[2] then Bear=0 Bull=1 EndIf // Stop Loss Management If onmarket THEN set stop loss open[tradeindex[1]] ENDIF //Timeframe (1 mn) If Bull=1 and Bear[1]=1 then buy 0.5 contract at market //DrawArrowUP(BarIndex,Low)Coloured("Green") ElsIf Bear=1 and Bull[1]=1 then sellshort 0.5 contract at market //DrawArrowDown(BarIndex,High)Coloured("Red") EndIf

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

  // 3 Candle Pattern //Strategy If Close[2]>Open[2] and Close[1]>Open[1] and Close<Open[2] then Bear=1 Bull=0 ElsIf Close[2]<Open[2] and Close[1]<Open[1] and Close>Open[2] then Bear=0 Bull=1 EndIf   // Stop Loss Management If onmarket THEN set stop loss open[tradeindex[1]] ENDIF //Timeframe (1 mn) If Bull=1 and Bear[1]=1 then buy 0.5 contract at market //DrawArrowUP(BarIndex,Low)Coloured("Green") ElsIf Bear=1 and Bull[1]=1 then sellshort 0.5 contract at market //DrawArrowDown(BarIndex,High)Coloured("Red") EndIf

   

  

  KumoNoJuzza

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