This strategy analyzes the three and four-bar play which is when price action has a wide igniting bar that has a full body, then one or two narrow bars which have a relatively equal high for long plays and relatively equal low for short plays, then a continuation bar. You should not take plays that will encounter resistance. The stop loss is placed for long plays...
1 - Objective
2 - How to use (Theory)
3 - How to use (Grade System)
4 - Inputs
5 - Extras and Alerts
6 - Notes
Objective
This script aims to mark 3 Bar play patterns (both short and long) by identifying them on the chart, with an arrow pointing up from long and down for short. Aswell, setting alerts based on grade.
Following the base concept, this script comes...
This indicator helps identify 3-bar and 4-bar plays, which are price action patterns consisting of a wide ranging bar that breaks above or below resistance or support, followed by one or two collecting/consolidating bars, then a continuation bar in the direction of the new trend. The 3 and 4-bar play is taught by Jared Wesley and Anmol Singh at Live Traders.
The...
