Add snippets/three-strike_detector_v6.pine

snippets/three-strike_detector_v6.pine

@@ -0,0 +1,50 @@
+//@version=6
+indicator("Three Strike Detector", overlay=true)
+
+// Function to define a long candle
+// Function to define a long candle
+is_long_candle(open, high, close, low, min_length) =>
+    body_length = math.abs(close - open)
+    total_range = high - low
+    
+    // Long candle condition:
+    // 1. Body is at least min_length of the total range
+    body_length >= total_range * min_length
+
+// Function to detect the three strike pattern
+is_three_strike(open, high, close, low) =>
+    // Define minimum body length for long candles
+    min_long_body = 0.5  // Adjust this value as needed
+
+    // Check for bullish three strike
+    isBullishLong1 = is_long_candle(open[1], high[1], close[1], low[1], min_long_body) and close[1] < close[2]
+    isBullishLong2 = is_long_candle(open[2], high[2], close[2], low[2], min_long_body) and close[2] < close[3]
+    isBullishLong3 = is_long_candle(open[3], high[3], close[3], low[3], min_long_body)
+    isBullishEngulfing = open[4] < low[3] and close[4] > high[1]
+    isBullishThreeStrike = isBullishLong1 and isBullishLong2 and isBullishLong3 and isBullishEngulfing
+
+    // Check for bearish three strike
+    isBearishLong1 = is_long_candle(open[1], high[1], close[1], low[1], min_long_body) and close[1] > close[2]
+    isBearishLong2 = is_long_candle(open[2], high[2], close[2], low[2], min_long_body) and close[2] > close[3]
+    isBearishLong3 = is_long_candle(open[3], high[3], close[3], low[3], min_long_body)
+    isBearishEngulfing = open[4] > high[3] and close[4] < low[1]
+    isBearishThreeStrike = isBearishLong1 and isBearishLong2 and isBearishLong3 and isBearishEngulfing
+
+    [isBullishThreeStrike, isBearishThreeStrike]
+
+[isBullTS, isBearTS] = is_three_strike(open, high, close, low)
+
+// Plot the three strike pattern with an arrow
+plotchar(isBullTS, 
+         title="Three Strike", 
+         char="3", 
+         location=location.belowbar, 
+         color=color.green, 
+         size=size.small)
+
+plotchar(isBearTS, 
+         title="Three Strike", 
+         char="3", 
+         location=location.belowbar, 
+         color=color.red, 
+         size=size.small)