Re: Already Converted TradingView Indicators to MT4 Indicators

331
mrtools wrote: Sat Sep 16, 2023 3:03 pm 3 Line Strike (Engulfing Candlestick) indicator
Thanks Josi and Mrtools for this neat price action indicator and illustration. Good to have on all your charts as a headsup. Just dont be tempted to use it for countertrend... sit and wait for it to signal into the trend's direction, only use this for adding to trades or joining the trends :thumbup:
These users thanked the author boytoy for the post (total 3):
josi, Chickenspicy, Jimmy


Re: Already Converted TradingView Indicators to MT4 Indicators

332
mrtools wrote: Sat Sep 16, 2023 3:03 pm 3 Line Strike (Engulfing Candlestick) indicator

Image


This price action indicator narrows down the scope to identify and automatically display key trend continuation candlestick pattern entries:
  • Engulfing candles and;
  • 3 Line Strikes.
In addition to being more tailored and a purpose-specific indicator, the latest Pine script has been updated with enhanced alerts.

To sum it up, this indicator will work by displaying signals when:
  • 3 bullish candles in a row + 1 bear engulfing candle = Sell
  • 3 bearish candles in a row + 1 bull engulfing candle = Buy
Try.

PS: Didn't see the mtf and alerts, got the alerts will add mtf tomorrow. Haven't tested them but should be ok.
Added mtf.
These users thanked the author mrtools for the post (total 15):
maroka, RodrigoRT7, josi, Jimmy, Skyold, Krunal Gajjar, boytoy, chris006, Poppy, Chickenspicy, eduarescobar, michaelB, vs3115, ivanzab2, SijjiN




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