I recommend pairing it with other indicators to confirm your bias. Please use them as additional confirmation or warning for a potential reversal. Keep in mind that these reversal candlesticks aren't the holy grail. ThreeInsideUp.SetDefaultColor(Color.White) Īddlabel(label and ThreeInsideUp, " Three Inside Up ", Color.White) ĪddLabel(yes,"InsideUp",color.DARK_ORANGE) ![]() ThreeInsideUp.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP) Trend identification can be a useful tool in. And for good reason: Prices can change quickly, and some traders like to closely monitor trends and price changes. Some traders, especially those using technical analysis in their trading, might focus on trends. # The three inside up acts as a bullish reversal 65% of the time and price climbs 2.61% in 10 days, on average - Thomas Bulkowski, TASC 11.2011 Here's how to use three technical indicators: moving averages, MACD, and Parabolic SAR. The Three Inside Up is a "bullish harami with a confirming candle as the third day". Signal_short.SetDefaultColor(color.Magenta) ĪddLabel(yes,"Reversal_MN",color.PLUM) Bulkowski's Three Inside UpUnlike the other two indicators, this one only identifies bullish reversal candlestick pattern. Signal_short.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_DOWN) Signal_long.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP) Plot signal_short = if reversal_short then high else double.nan Plot signal_long = if reversal_long then low else double.nan Def reversal_long = low high and close > low + (high - low)/2 and low high and close high and high > high and high > high and high > high and high > high and high > high
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