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A huge overhaul and improvement on the highly successful Three Line Strike Finder https://www.mql5.com/en/market/product/60396?source=Site+Profile+Seller This fantastic tool will scan your selected timeframes, and display new three line strike patterns as they appear. No more having to flip through different timeframes to check if a new three line strike pattern has emerged. The supported timeframes are, the current timeframe, 15 minute, 30 minute, 1 hour, 4 hour and Daily, all of which can be
Listed in his faous book "Trading chart patterns like the pros", Suri Duddrella outlines the N-bar rally and decline reversal pattern, which simply states that when stocks make a new high or new low, momentum players will push this stock down or up until eventually they run out of steam. This indicator will look back a certain number of bars to find a continuous uninterrupted rally or decline. Once found, the pattern will look forwards to find the first bar that closes, within a certain range,
The three line strike pattern, which consists of three bullish or bearish candles, and a fourth candle that is larger than the previous three in the opposite direction, can be traded many ways. This indicator simply highlights those previous trades, and then pushes out targets in the direction of the last candle.
Advantages of three line strike The three line strike can be traded as part of a bullish and bearish engulfing pattern, 2 bar reversal set up and n-Bar rallies and declines.
How it