Note: In its DEMO version the indicator works only on TIMEFRAMES H1 and H4 and has only a few of the filters available in the paid version below:

The patterns of 3 (three) Candles:

These are reversal patterns widely used by traders, as they have a high probability of showing the inversion of the current market movement.

For example, if in a bullish trend there are three black crows, there is a high probability of reversing the current bullish movement.

The Three White Soldiers have the following characteristics:

The Three Black Crows have the following characteristics:

• There are 3 consecutive candles with a good body, that is, the difference between the opening and closing prices has a value significantly higher than the average;
• The closing price of the subsequent candle is less than the closing price of the previous one;
• The opening price of the posterior candle is less than the opening price of the previous one;
• The pattern formation begins in an upward movement.

[spoiler title=”Read More…”]

Parameters:

• Active Symbol ON: OFF: turns the symbol on or off over the standard (Default value: true);
• 3 Candles symbol code: Wingdings font ASCII code (Default value: 142);
• Arithmetic Average of the absolute value of the Opening Price – Closing Price (Default Value: 52);
• Disable Gaps before the Three Candles ON: OFF: if true does not allow gaps before the Three Candles pattern;
• Candle pattern alert sound ON:OFF.

Follow us on youtube and on our website to check the next news.

Youtube TI no Sangue 

Youtube Aprender a investir 

Site TI no Sangue

Hugs,

Edson Cavalca Junior

System Analyst

[/spoiler]