P3 Malaysian SNR 3-Candle Pattern

8 jam lalu

1 ∙ Core Concept
This indicator turns one of the oldest discretionary price-action ideas—“support & resistance role-reversal”—into a fully rule-based, multi-time-frame model.
It detects, marks and continuously tracks the three-candle structure that Malaysian price-action traders call the SNR 3-candle pattern:

Candle-1 sets the impulse:
bullish close → potential future resistance
bearish close → potential future support

Candle-2 immediately closes the opposite way, signalling absorption of the impulse.

Candle-3 closes in the same direction as Candle-2 and confirms the level.

The script then:

Locks the HTF price zone (high/low of Candle-3) with a horizontal level.

Colours only the first two pattern candles yellow on every timeframe so lower-TF traders can see precisely which bars created the HTF level.

What Makes It Original?
Most S/R scripts only draw one line; this overlay colours all lower-TF bars that live inside the HTF pattern, letting scalpers “zoom in” on HTF structure—an approach not found in open-source examples.

Pure Price-Action –
The logic uses only raw OHLC data; there are no MAs, RSI, BB, etc. This is not a re-skin of classic indicator code.

6 jam lalu

Nota Keluaran

alert added when 3 candle pattern presents