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Three Line Strike Scanner with trend filter

In addition to finding bullish and bearish Three line strike formations this indicator can also scan for the following candlestick patterns (please see screenshots for explanation of the patterns):

  • Three white soldiers (reversal>continuation pattern)
  • Three black crows (reversal>continuation pattern)

The formations do not appear very often on higher timeframes when the strict option in the indicator settings is enabled. But when they do, it is a very high-probability setup.

According to Thomas Bulkowski (internationally known author and a leading expert on candlestick patterns), the Three line strike has the highest overall performance rank of any candlestick pattern.


Features

  • The indicator writes the signals to a text file which can be used by an Expert Advisor (EA) for auto trading. For instance this product. You can find more information about the content and location of the text file in the blog.
  • Can monitor all symbols visible in your Market Watch window at the same time. Apply the indicator to just one chart and instantly monitor the entire market.
  • Monitors every timeframe, from M1 to MN, and sends you a real-time alert when a pattern is identified.
  • Can use RSI as a trend filter in order to properly identify potential reversals.
  • The indicator includes an interactive panel. When clicking on an item a new chart will be opened with the symbol and timeframe in question.

It is enough to place the indicator on one chart and you will receive an alert from any symbol and any timeframe of your choice.


Input parameters

Please find the description and explanation of the input parameters here.


Please note that due to the multi time frame functionality, this indicator will not draw lines and arrows or sell and buy advice on any chart.

I recommend you to put the indicator on a EURUSD M5 chart, preferable a clean chart without any other indicators or Expert Advisors on it.


Please check out my other trend reversal products:

Candle patterns scanner

Trend reversal dashboard (under construction)

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    BlueDigitsFx Easy 1 2 3 System MT5
    Ziggy Janssen
    !! 50 % OFF - BLACK FRIDAY SALE !! *All In One System Indicator, Breakthrough solution for any Newbie or Expert Trader ! Message Me Immediately After Purchase For Installation Help and V.I.P Access With Additional Strategies BlueDigitsFx Explains How To Use The System In Detail :  https://youtu.be/fIOWwWuE5ZQ BlueDigitsFx's Easy 1 2 3 System is an all in 1 Indicator with a variety of options to work with. Telegram Channel & Group  here Performs Amazingly with a Market Base Line for exa
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    Qiuyang Zheng
    Este indicador es apropiado para cualquiera de las variedades de la mt5 y para cualquier ciclo, pero el ciclo más adecuado es de 30 minutos y cuatro horas, con un simple uso de flechas que no se cambian definitivamente, no se transportan a la deriva ni se les dará un arma de fuego. El objetivo de este indicador se basa en el ATR y en la definición de la ma, junto con un cálculo híbrido, que se desarrollará con una tasa de exactitud alta. Para ver la flecha en el verde. Mira la Flecha Roja
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    Thiago Duarte
    Easy Market makes the market easier to trade. It allows you to see an "eternally" side (no trend) market, making it extremely easy to see when the price is overbought or oversold. Both trend and consolidation traders will like Easy Market. You can use it as an auxiliary window (below chart) or in full screen mode. See the screenshots and note how it gives you accurate entries! Free demo version:   https://www.mql5.com/pt/market/product/41869 Free signals emitter:   https://www.mql5.com/en/market
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    PZ Divergence Trading MT5
    Arturo Lopez Perez
    Difícil de encontrar y escasa en frecuencia, las divergencias son uno de los escenarios comerciales más confiables. Este indicador busca y escanea las divergencias regulares y ocultas automáticamente usando su oscilador favorito. [ Guía de instalación | Guía de actualización | Solución de problemas | FAQ | Todos los productos ] Fácil de comerciar Encuentra divergencias regulares y ocultas Admite muchos osciladores bien conocidos Implementa señales comerciales basadas en rupturas Muestra n
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    Renars Dericans
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    Herrick Payoff Index
    Konstantin Gruzdev
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    BeST Darvas Boxes MT5
    Eleni Koulocheri
    BeST_Darvas Boxes is a Metatrader Indicator based on the trading method developed in the 50’s by the Hungarian Nicolas Darvas . BeST_Darvas Boxes indicator draws the Top and the Bottom of every Darvas Box that can be confirmed on the current Chart draws Buy and Sell Arrows for every confirmed Upwards or Downwards Breakout of the above levels draws always only after the bar closing and so is non-repainting or backpainting it can be used as a standalone trading system/method Inputs Basic Sett
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    PVA Color Volume Histograma
    Ricardo Branco
    Several techniques use volume as an important point in the trade. Whether to indicate strength, exhaustion, pullback weakness, among others. In chief I quote Richard Wyckoff's theory, which said about the importance of looking price and volume. However, there are several possibilities to filter what is volume that should be noticed. PVRSA/PVA users use an indicator with specific colors, which assist in identifying the volume and type of movement that the price has made. Will the high
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    Versión 1.2 2020.09.18
    - added the possibility to write the signals in the panel to a file. Could for instance be used by an Expert Advisor for automatical trading. For instance this product: https://www.mql5.com/en/market/product/43820
    - added a Smiley in the upper right corner of the chart which is indicating that the indicator is up and running properly
    Versión 1.1 2020.07.11
    - added an option to scan symbols visible in the Market Watch window instead of using the internal parameter
    - added the possibility to set a custom alert text for alerts (not in the panel). The custom text will be added to the end of the regular alert text
    - added the possibility to set a custom panel title
    - various code improvements