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