This script shows the Three Candle Reversals following the rules of @BestForexMethod on Twitter. If you have any questions, I can be found as @intrepidnoodle. There is also a version available for MT4 here: mediafire.com/file/6tdbr6fi7nb9an7/RebelAnt3CR.ex4/file
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Added: Multi Time Frame capabilities Lines showing active 3CR levels
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Updated the Labels to be more useful up / down triangles (thanks to good idea by Xtreme_Trading!)
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Increased number of lines and labels that can be drawn at one time using max_lines_count and max_labels_count inbuilt settings. Theory being it 'might' remove the issue of 3cr's not updating in realtime occasionally.
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Added MaxHistorical3CRs input which defaults to 500, meaning you will see up to 500 up and 500 down 3crs going back in history. I'm 'almost' confident this will fix the not refreshing issue which has been seen (assuming it was resource usage related). Crossing fingers haha! Let me know!
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Added Alerts! Select the Alert On 3CR Up / Down option to enable
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BUGFIX: removed limit on lookback
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Defaulting to 250 3crs which should keep the line count down
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BUGFIX: Alerts + live refresh. +Ability to show start of MTF bars (eg see where 15min bar starts when looking at 1min)
Great indicator. Thanks. Hopefully it can be modified to incorporate alerts too. That would be amazing.
xahv
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thank you so much !
Are you planning on integrating an alert setting to get automatic alerts on the 3crs on multiple timeframes?
UnknownUnicorn4825408
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@xahv, would love that too, the indicator works great!
mybullvibes
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Thank you so much for this wonderful indicator. The alerts for different timeframes worked perfectly too. Love it!
Edited to add the following: Wonder if it's possible to have an option to have the alert triggered after the 3rd bar touches (or crosses) the high/low of 1st bar, versus at the closed of 3rd bar. Currently, the alert will only be triggered at the close of the 3rd bar, which is sometimes a huge bar and potentially taking out most of the momentum.
Thanks again for your effort and sharing.
YoSteveo
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If we wanted to backtest a trading strategy using this indicator, we would need the source code to run tests right?
ID_Mirnes
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Grear script. Though I am not getting the dotted lines to work. They appear as soon as I am in Replay mode on the chart, but while live trading I never see them. Any suggestion on what could be the issue?