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Telah dikemas kini Three Bar Reversal Pattern [ActiveQuants]

This indicator identifies bullish and bearish three-bar reversal patterns, offering traders a visual tool to spot potential trend reversals. By analyzing consecutive candlesticks, volume trends, and candlestick morphology, it highlights signals while filtering out false patterns. Ideal for traders using price action strategies, it simplifies pattern recognition and enhances decision-making with customizable parameters.
█ KEY FEATURES
Pattern Detection Logic:
Volume Confirmation:

Candlestick Filtering:

Customizable Display:
Alerts Integration:
█ CONCLUSION
The Three Bar Reversal Pattern Indicator streamlines the identification of reversal setups by combining candlestick patterns, volume analysis, and customizable filters. Its focus on price action dynamics makes it invaluable for traders seeking to capitalize on trend exhaustion or market sentiment shifts.
█ IMPORTANT NOTES
⚠ Use with Confluence: Reversal signals should be validated with additional tools like support/resistance levels, trendlines, or momentum oscillators.
⚠ Adapt Parameters: Adjust Volume SMA Length, Show Last, and body limits (Shooting Star Body Limit and Hammer Body Limit) to suit your timeframe and asset volatility.
█ RISK DISCLAIMER
Trading involves significant risk, and you may lose capital. Past performance is not indicative of future results. This tool provides informational signals only and does not constitute financial advice. Use it at your own risk and consult a qualified financial professional before making trading decisions.
Incorporate this indicator into your strategy to refine reversal entries, manage risk, and align with market momentum.
📈 Happy trading! 🚀
█ KEY FEATURES
Pattern Detection Logic:
- Bullish Reversals: Detects two consecutive bearish candles followed by a bullish candle that closes above the open of the first bearish candle.
- Bearish Reversals: Identifies two consecutive bullish candles followed by a bearish candle that closes below the open of the first bullish candle.
Volume Confirmation:
- Filters signals using a Volume SMA (user-defined length) to ensure reversals occur with above-average volume, adding validity to the pattern.
Candlestick Filtering:
- Shooting Star Filter: Discards bullish patterns if the third candle is a Shooting Star (body confined to the lower portion of the candle’s range, adjustable via Shooting Star Body Limit).
- Hammer Filter: Discards bearish patterns if the third candle is a Hammer (body confined to the upper portion of the candle’s range, adjustable via Hammer Body Limit).
Customizable Display:
- Toggle visibility of bullish/bearish patterns and customize their colors.
- Adjust the Show Last parameter to limit plotted labels to recent bars.
Alerts Integration:
- Separate Bullish/Bearish Alerts: Generate independent alerts for bullish and bearish patterns. Traders can selectively enable one or both alerts via TradingView’s alert system.
- Real-time notifications ensure you never miss a potential reversal signal.
█ CONCLUSION
The Three Bar Reversal Pattern Indicator streamlines the identification of reversal setups by combining candlestick patterns, volume analysis, and customizable filters. Its focus on price action dynamics makes it invaluable for traders seeking to capitalize on trend exhaustion or market sentiment shifts.
█ IMPORTANT NOTES
⚠ Use with Confluence: Reversal signals should be validated with additional tools like support/resistance levels, trendlines, or momentum oscillators.
⚠ Adapt Parameters: Adjust Volume SMA Length, Show Last, and body limits (Shooting Star Body Limit and Hammer Body Limit) to suit your timeframe and asset volatility.
█ RISK DISCLAIMER
Trading involves significant risk, and you may lose capital. Past performance is not indicative of future results. This tool provides informational signals only and does not constitute financial advice. Use it at your own risk and consult a qualified financial professional before making trading decisions.
Incorporate this indicator into your strategy to refine reversal entries, manage risk, and align with market momentum.
📈 Happy trading! 🚀
Nota Keluaran
Updates:- Fixed color switch setting
- Added user-defined label size options
- Added a middle candle filter
- Added an RSI filter
Nota Keluaran
Updates:- Made the volume SMA filter optional
Skrip sumber terbuka
Dalam semangat sebenar TradingView, pencipta skrip ini telah menjadikannya sumber terbuka supaya pedagang dapat menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupun anda boleh menggunakannya secara percuma, ingat bahawa menerbitkan semula kod ini adalah tertakluk kepada Peraturan Dalaman kami.
TradingView Tools by ActiveQuants | activequants.com
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat sebenar TradingView, pencipta skrip ini telah menjadikannya sumber terbuka supaya pedagang dapat menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupun anda boleh menggunakannya secara percuma, ingat bahawa menerbitkan semula kod ini adalah tertakluk kepada Peraturan Dalaman kami.
TradingView Tools by ActiveQuants | activequants.com
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.