Rising Falling Three Methods

Automatically identify classic trend continuation patterns directly on your MetaTrader 5 chart.

The Rising/Falling Three Methods Indicator is a technical analysis tool designed to automatically detect the classic Rising Three Methods (R3M) and Falling Three Methods (F3M) candlestick patterns.

The indicator analyzes candle structure, body size, intermediate candle containment, and the final resolution candle to identify potential bullish and bearish continuation formations.

Key Features

Rising Three Methods (R3M)
Detects potential continuation patterns during bullish movements.

Falling Three Methods (F3M)
Detects potential continuation patterns during bearish movements.

Consolidation Zone
Visually highlights the area where the pattern's consolidation takes place.

Invalidation Level
Displays an optional reference level for monitoring when the formation becomes invalid.

Trend Filter
Uses a Simple Moving Average (SMA) to filter patterns according to the selected trend direction.

Volume Confirmation
Optional volume confirmation can be enabled as an additional filter.

Real-Time Preview
Allows you to monitor a potential formation while the current candle is still developing.

How the Indicator Detects the Pattern

The system looks for a sequence consisting of:

1. A strong initial candle
2. Smaller intermediate candles contained within the pattern area
3. A final resolution candle confirming the movement

The indicator automatically evaluates:

Direction of the first candle;
Candle body size;
Size of the intermediate candles;
Containment of the intermediate candles;
Closing position of the final intermediate candle;
Breakout beyond the first candle's closing price;
Volume, when enabled;
Trend direction using the SMA, when enabled.

Clear Visual Identification

After a pattern is confirmed, the indicator displays directly on the chart:

R3M — Rising Three Methods
Potential bullish continuation.

F3M — Falling Three Methods
Potential bearish continuation.

The consolidation area is highlighted visually, and the invalidation level can be displayed automatically.

Customizable Settings

The indicator provides multiple adjustable parameters:

Minimum number of intermediate candles;
Maximum number of intermediate candles;
Containment basis;
Containment tolerance;
Average candle-body period;
Long-body factor;
Small-body factor;
Trend filter;
SMA period;
Volume confirmation;
Zone labels;
Invalidation level;
Invalidation line extension;
Bullish and bearish colors;
Real-time preview.

Real-Time Pattern Preview

The Real-Time Preview feature allows you to monitor a potential formation while the current candle is still open.

Important: Because the current candle is still developing, the preview may change before the candle closes. Confirmed patterns are evaluated only after the candle has closed.

Disclaimer

This indicator is a technical analysis and pattern-recognition tool.

It does not guarantee trading results and does not constitute financial or investment advice.

Always use proper risk management and test the indicator before using it on a live trading account.