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Tristan's Three Line Strike Pattern

Three Line Strike Indicator (5-Minute Timeframe)
This indicator highlights Three Line Strike candlestick patterns on a 5-minute chart. The Three Line Strike is a rare four-candle formation that often signals trend continuation rather than reversal.
Bullish Three Line Strike (green “3LS long” above the candle):
Three strong bullish candles in a row are followed by a large bearish candle that completely engulfs the prior three. Despite looking bearish, this setup often indicates strength in the uptrend.
Bearish Three Line Strike (red “3LS sell” below the candle):
Three consecutive bearish candles are followed by a large bullish engulfing candle. Although it looks like a reversal, the downtrend commonly resumes.
How to use on the 5-min chart:
These signals are not entry/exit triggers on their own—I suggest you combine them with trend confirmation (e.g., moving averages, momentum indicators, or volume analysis) before acting.
Use good risk management, and don't buy / sell based on these indicators alone.
This indicator highlights Three Line Strike candlestick patterns on a 5-minute chart. The Three Line Strike is a rare four-candle formation that often signals trend continuation rather than reversal.
Bullish Three Line Strike (green “3LS long” above the candle):
Three strong bullish candles in a row are followed by a large bearish candle that completely engulfs the prior three. Despite looking bearish, this setup often indicates strength in the uptrend.
Bearish Three Line Strike (red “3LS sell” below the candle):
Three consecutive bearish candles are followed by a large bullish engulfing candle. Although it looks like a reversal, the downtrend commonly resumes.
How to use on the 5-min chart:
- Watch for the labels marking the pattern.
- A bullish signal suggests that the upward move is likely to continue after the engulfing candle.
- A bearish signal suggests that the downtrend is likely to continue after the engulfing candle.
These signals are not entry/exit triggers on their own—I suggest you combine them with trend confirmation (e.g., moving averages, momentum indicators, or volume analysis) before acting.
Use good risk management, and don't buy / sell based on these indicators alone.
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開源腳本
本著TradingView的真正精神,此腳本的創建者將其開源,以便交易者可以查看和驗證其功能。向作者致敬!雖然您可以免費使用它,但請記住,重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。