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Three Candles Reversal Indicator

30 USD

Demo downloaded: 23

Published: 22 November 2022

Current version: 1.3

Three Candles Reversal Indicator

Indicators
Andre Matthes
Version: 1.3
Updated: 8 December 2022
Activations: 5

- 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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- 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

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- 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

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- 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