This is one of the most popular and effective strategies for short term.
I prefer the 3 candle compression because it works for me more often.
One can experiment as per their liking with just 2 candles or more than 3 candles.
Strategy is once the first 2 candles are formed, the Strategy is activated. All you need to do then is to place a Buy Trigger above the High of the Mother Candle.
Not all candles work all the time and quickly. Sometimes it can test your patience. The position where it has occurred, the trend of the stock, sector, market also have to be considered.
The innumerous requests asking for ready made screeners can implement this and create a screener for yourself but when and how to effectively use it will only come with experience when you put in the hard hours understanding price action.
Good Luck !
If the Mother Candle- is in Green & the subsequent Baby Candles are in Red (well within compression zone) - Then would it be a Bearish Indication or would it be a Bullish Indication? (Considering only the technical aspect)