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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 time frames 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. Combined with your own rules and techniques, this indicator will allow you to create (or enhance) your own powerful system.

Features

  • 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.
  • Can Monitor every time frame, from M1 to MN, and sends you a real-time alert when a pattern is identified. All alert types are supported.
  • 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 time frame in question.
  • The indicator can write 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.

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 clean chart without any other indicators or Expert Advisors on it which could interfere with the scanner.


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    The indicator is a complex four-line histogram. A position can be opened in a certain direction when all dots initially have the same color vertically. A dot color is determined after the current bar is closed and it is never repainted. The initial parameters are set for М15. I recommend using it together with my other Omega indicators. Omega Scalping System Colored Candles -  https://www.mql5.com/en/market/product/39297 Omega Scalping System Price Power -  https://www.mql5.com/en/market/produ
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    Euporiafx Auto Analyst
    Euporiafx Auto Analyst
    ROFHIWA BRUCE NTHULANE
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    Ihano Trend
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    Vitalii Zakharuk
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    Entry Points Pro for MT5
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    Yury Orlov
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    Reversal Z
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    Sugianto
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    ACB Trade Filter MT5
    ACB Trade Filter MT5
    KEENBASE SOFTWARE SOLUTIONS
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    Volume Weighted Average Price Indicator
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    Khuman Bakhramirad
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    Ez Channel MT5
    Ez Channel MT5
    Thushara Dissanayake
    The   Ez Channel MT5   indicator automatically identifies real Trend Channel in the chart. Mini control panel available for adjusting time periods and save identified channel before change it with new movements. So using this indicator you never need to draw trend lines manually. You can simply view other available trend channels changing the time periods. Saved channels can view with any time-frame. So it is really useful for every Forex trader who use trend following strategies. Features Suita
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    MonsterDash Harmonic Indicator MT5
    MonsterDash Harmonic Indicator MT5
    Paul Geirnaerdt
    MonsterDash Harmonics Indicator is a harmonic pattern dashboard. It recognizes all major patterns. MonsterDash is a dashboard that displays all detected patterns for all symbols and (almost) all timeframes in sortable and scrollable format. Users can add their own user defined patterns . MonsterDash can open and update charts with the pattern found. Settings MonsterDash's default settings are good enough most of the time. Feel free to fine tune them to your needs. The color settings are for th
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    TPA True Price Action MT5 Indicator
    TPA True Price Action MT5 Indicator
    InvestSoft
    TPA True Price Action indicator reveals the true price action of the market makers through 100% non-repainting signals strictly at the close of a candle! TPA shows entries and re-entries, every time the bulls are definitely stronger than the bears and vice versa. Not to confuse with red/green candles. The shift of power gets confirmed at the earliest stage and is ONE exit strategy of several. There are available now two free parts of the TPA User Guide for our customers. The first "The Basics"
    168 USD
    Configurable Dashboard Pro by RunwiseFX MT5
    Configurable Dashboard Pro by RunwiseFX MT5
    Runwise Limited
    Displays multiple indicators, across multiple timeframes and symbols to give a comprehensive overview of the market. Uniquely, the indicators are configurable and can include custom indicators, even those where you just have the ex4 file or those purchased from Market. Standard indicators can also be selected, the default being ADX, CCI, market price above/below Moving Average (MA), Moving Average Cross (MAX), MACD, Momentum (MOM), OsMA, RSI, Parabolic SAR, William's Percentage Range (WPR). Use
    79 USD
    Powerful Hidden Cross Signal
    Powerful Hidden Cross Signal
    Ellan Dirgantara Tholkhah
    The latest most requested Binary Options arrow indicator in the Garuda Signals product line is now on MT5! Binary options signal based on multiple time frame cross over analysis. Gets confirmation from the most consistent signals known to man; Ichimoku, SMA, Bollinger Bands; and also uses the 1 Hour time frame as trend confirmation , so you don't have to open up multiple chart and waste time. - Can be used for all time frames up to 1 hour, but is most POWERFUL for 1 and 5 min options. - Place yo
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    KT Currency Strength and Correlation MT5
    KT Currency Strength and Correlation MT5
    KEENBASE SOFTWARE SOLUTIONS
    If you trade Forex, having detailed information about the currency strength and currency pairs correlation can take your trading to new heights. The correlation will help to cut your risk in half, and strength analysis will help to maximize the profits. This indicator provides a hybrid approach for selecting the most appropriate currency pairs using the strength analysis and currency pairs correlation. How to use the Currency Strength Analysis Suppose your trading strategy provides a buying o
    120 USD
    Universal Reversal MT5
    Universal Reversal MT5
    Matthias Effler
    The indicator calculates reversal points based on the past trend and forms a channel on this basis. This elapsed period of time from which the reversal points are determined can be specified in the settings. The indicator is suitable for all trading areas, whether forex, crypto, metals, indices or futures. All areas traded in Metatrader 4/5 are covered by the indicator. All time spans are also supported. Whether scalping, day trading or interday trading, the indicator is suitable for every ty
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    Neya
    Neya
    Ivan Gherlani
    MetaTrader5の機械学習に基づく定量的な日中および週内の取引アルゴリズム。 -傾向の特定:需要と供給の均衡分析は、動的なサポートとレジスタンスのレベルとともにチャートに表示される市場の傾向を特定します。 -いつ入るかを知る:均衡の不均衡(取引量の過剰な需要または供給)を検出した後、青と赤の矢印は売買の機会を示します。 -いつ取引を終了するかを知る:アルゴリズムは、市場データを精緻化してサポート/レジスタンスゾーンを見つけ、利益を最大化するための最良のテイクプロフィットターゲットを示します。 -戦略を選択してください:2つのアルゴリズムモードから選択してください:アグレッシブ-より高いリターンを持つリスク愛好家のためのより大胆なアプローチまたは保守的-より穏やかでリスク回避的なアプローチ。 -通知を受け取る:トレードの機会が現れると、テキストメッセージと音声アラートで通知され、できるだけ早くポジションに入る機会が与えられます。 -カスタマイズ:NEYAをさまざまな色でカスタマイズし、個性、取引スタイル、リスク回避に合わせた素晴らしい取引体験を手に入れ
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    Triple Moving Average EA MT5
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    Jan Flodin
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    Jan Flodin
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    Double top bottom scanner with RSI filter MT5
    Jan Flodin
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    Multi oscillator divergence EA MT4
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    Jan Flodin
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    Multi indicator divergence
    Jan Flodin
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    Signal EA
    Signal EA
    Jan Flodin
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    Inside bars EA
    Inside bars EA
    Jan Flodin
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    Inside bars EA MT5
    Inside bars EA MT5
    Jan Flodin
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    バージョン 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
    バージョン 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