Understanding Three Line Strike Candlestick Pattern

Pattern Logic:
The Three Line Strike is a 4-candle pattern that typically signals a sharp reversal after a sustained directional move. This script detects both bullish and bearish variations using strict criteria to ensure high probability.

Bullish Three Line Strike:
* Previous three candles must be bearish (red)
* Each of these candles must close progressively lower (indicating a strong downtrend)
* The current candle must Be bullish (green)
* Open below the prior close
* Completely engulf the previous three candles by closing above the first candle's open
* And make a higher high than the last 3 bars — confirming a strong reversal

Example Image :


Bearish Three Line Strike:
* Previous three candles must be bullish (green)
* Each must close progressively higher (indicating a strong uptrend)
* The current candle must Be bearish (red)
* Open above the prior close
* Completely engulf the prior three candles by closing below the first candle's open
* And make a lower low than the last 3 bars — confirming downside strength

Example Image:


Disclaimer:
This script is for educational purposes only and does not constitute financial advice. Trading involves risk, and past performance is not indicative of future results. Always do your own research and consult with a licensed financial advisor before making trading decisions.