3 Candle signal Indicator

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3 Candle signal Indicator

Postby Apprentice » Mon Aug 02, 2010 11:51 pm

3.PNG

To go LONG
1. Body of the latest candle is greater than body of each of the 2 previous candles
2. Previous candle must be bearish
3. Close of latest candle is higher than close of the previous candle

To go SHORT
1. Body of the latest candle is greater than body of each of the 2 previous candles
2. Previous candle must be bullish
3. Close of latest candle is lower than close of the previous candle

3cs.lua
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Developed according to User request.
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Apprentice
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Re: 3 Candle signal Indicator

Postby leftcoaster » Tue Aug 03, 2010 4:41 pm

Hi,

Is this possible for this indicator...

I'd would like to see the larger timeframe indicator(arrows) be placed on a smaller timeframe chart. So for example, I want the arrows generated from the 4H to be place on the 5 minute chart. Larger timeframe to be an input parameter.

Reason for this is I'd like to analyze it in conjunction with your Trading Session Indicator (which does not apply to charts above 30min - btw, this indicator will not work for me on a 60 min chart, which I thought was suppose to).

Thanks for the great work & service your provide!
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Re: 3 Candle signal Indicator

Postby Avignon » Thu Jan 07, 2016 4:26 pm

There are some false signals :

Capture.png


after refresh

Capture-1.png
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Re: 3 Candle signal Indicator

Postby Apprentice » Fri Jan 08, 2016 4:17 am

Try it now.

"Show current period" parameter presented.
Logic Fix.
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Re: 3 Candle signal Indicator

Postby Apprentice » Fri Oct 12, 2018 5:08 am

The indicator was revised and updated.
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