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Three Candles Reversal Indicator

- simple Price Action Indicator

- we recommend it for CURRENCY and GOLD Trades

- NON Lagging ! the Alert shows instantly whats happening

--> thats why the ARROW appears at the MOMENT the REVERSAL-Candle gets EXCEEDED


SETUP:

- recommended SETUP is:

3 Candles bullish or bearish --> can easily be adjusted - user defined

more than 4 is NOT recommended --> 50/50 its a heavy move going on

- recommended Timeframe: M30 (we strictly recommend M30 ONLY!)

- VOLUME Check? (last 2 trending candles have decreasing size?) is set to: false - with true you get less signals!

--> judge each signal yourself to become a MASTER of the REVERSAL-Pattern

HOW to trade:

1. wait for the ALERT --> occurs when the REVERSAL candle gets exceeded

2. wait for the M5 candle to close(should close in your Direction and above/below the M30 REVERSAL-Candle!)  -- This is MOST important !

3. execute when PRICE exceeds that M5 candle


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Vahidreza Heidar Gholami
4.67 (3)
MetaBands uses powerful and unique algorithms to draw channels and detect trends so that it can provide traders with potential points for entering and exiting trades. It’s a channel indicator plus a powerful trend indicator. It includes different types of channels which can be merged to create new channels simply by using the input parameters. MetaBands uses all types of alerts to notify users about market events. Features Supports most of the channel algorithms Powerful trend detection algorith
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- simple Price Action Indicator - a  3 Candle Pattern (1. Direction-Candle / 2. the TRAP / 3. Trigger-Candle)    BUT every Signal needs ATTENTION to check for a clean Range - NON Lagging ! the Alert shows instantly whats happening - recommended SETUP is: - there is a VOLUME-Filter (in points for the   1. candle ) to avoid alerts with tiny Candles during a NON-VOLUME-Time - 10% off the Boobietrap-Candle as the ALERT-Level --> can easily be adjusted - user defined - recommended Timeframe: M30 (we
- simple Price Action Indicator - NON Lagging ! the Alert shows instantly whats happening - there is a VOLUME-Filter (Candle-Size in points)  to avoid alerts with tiny Candles during a NON-VOLUME-Time plus you have a RANGE-Filter-Option (to make sure you get only the highest/lowest within that RANGE!) - recommended SETUP is: 25-30% Wicksize ( means the %percentage of the whole Candle) bullish or bearish --> can easily be adjusted - user defined - recommended Timeframe: M30 (with some experience
- simple PRICE Action Indicator/ Tool  -   SELF-Adjusting - you choose the UPPER Border of your RANGE ( Resistance) - you choose the LOWER Border of your RANGE ( Support) # Alert happens when the PRICE    TOUCHes    1 of these Borders # (we release a CLOSED above/below - Version too)  - popup Alert or custom sound  - PUSH notification ( no email - that tool is for quicker action) - once a Border got hit -->   it doesnt disappear   --> it goes a selectable amount of POINTS ( RANGE(new) ) above/b
- simple PRICE Action Indicator/ Tool  -   SELF-Adjusting - you choose the UPPER Border of your RANGE ( Resistance) - you choose the LOWER Border of your RANGE ( Support) # Alert happens when the PRICE    CLOSES    above/below 1 of these Borders # (we released a TOUCH - Version too)  - popup Alert or custom sound  - PUSH notification  - eMAIL notification - once a Border got crossed(closed candle! )-->   it doesnt disappear   --> it goes a selectable amount of POINTS ( RANGE(new) ) above/below t
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Version 1.3 2022.12.08
- minor changes --> Volume check set to false (better to judge that yourself)
if set to true you get less SIGNALs
Version 1.2 2022.11.28
- "show last" - option to limit the signals on the screen

- VOLUME-check --> some traders like it, when the last 2 trending candle have a decreasing volume