OPEN-SOURCE SCRIPT

Three Bar Reversal

A three bar (3 bar) reversal strategy.

  • A down candles tick
  • The next candlestick has its low below the first candlestick and will be the lowest low of the pattern
  • The third candle closes above the middle candlestick
  • --> reverse logic for short
Support and Resistance

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 publication is governed by House rules. You can favorite it to use it on a chart.

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