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Kallol: Rising Three Long

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Rising three bulling pattern indicator as described by Neetesh Jain:

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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Comments

Is it possible to adjust indicator for intraday 5min time frame
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Rising three methods is a bullish continuing pattern, The scrip is on a downtrend. The pattern is not valid here.
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@shivaq, Depends on what timeframe you are trading on. e.g If you are intraday trader, checking trend of 1 week, 1 month, etc does'nt make sense. You would be more interested to check 4 hour, 1 hour, 15 minutes trend. The example pasted above is to define a short term uptrend on Sun Pharma and a continuation pattern, which was in an uptrend for 5 days.
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