Sunil's Three 3 Inside Up Down Indicator

14 thg 12, 2024

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.

16 thg 12, 2024

Phát hành các Ghi chú

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.