RebelAnt3CR – 3 candle reversal code from MT4
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- This topic has 4 replies, 2 voices, and was last updated 3 years ago by
DamianFaz.
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03/24/2022 at 1:23 PM #190407
This script shows the Three Candle Reversals following the rules of @BestForexMethod on .
https://www.youtube.com/watch?v=9dQCs75rURY
03/24/2022 at 3:24 PM #19041603/25/2022 at 10:57 AM #190468Hi Nicola
Apologies I am not so technical – I have attached a screenshot from tradingview and also the following explanation.
There are 3 candles forming the reversal
The penultimate candles comes before the reversal candle (lower low or higher high)
For a downtrend reversal The 3cr is completed when the candle after the reversal candle breaks the high of the penultimate candle.
The actual indicator draws a line on the high of the penultimate candle and also identifies the trigger candle with an icon (see attachments).
Not sure is this is enough info – but thanks for reading .
Regards – Damian
03/25/2022 at 4:26 PM #19048803/28/2022 at 10:26 AM #190634 -
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