Re: 3 Line Strike Indicator for MT4

2
By Lee Chee Tat:

Converted 3 Line Strike from TradingView to MQL4

Link URL is inside the source code
  • bear = 3 bull candle + 1 bear engulfing candle
  • bull = 3 bear candle + 1 bull engulfing candle
No alert in this source code because I'm lazy.

On how to use this indicator, please check out in Youtube.
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Re: 3 Line Strike Indicator for MT4

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UncleJojito wrote: Tue Aug 02, 2022 7:13 am So I've been trading only PA and engulfing for a while now. I am currently using TV to chart my 3LS and engulfing candles. I was looking for an MT4 3-line strike indicator and found one but it was broker locked. Does anyone have one or could help me with making one?
prayers been answered m8
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0 + 0 = 0
Infinite / Infinite = 1
1 way to Heaven & it matters
people only serve God or money coincidence?

CodeRe: 3 Line Strike Indicator for MT4

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josi wrote: Wed Aug 03, 2022 4:19 pm Converted 3 Line Strike from TradingView to MQL4.
maroka wrote: Sat Sep 16, 2023 12:41 pmHi Mrtools, please can you add arrow gap option, alerts and mtf to this indi?
3 Line Strike (Engulfing Candlestick) indicator

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.


Re: 3 Line Strike Indicator for MT4

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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):
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