OPEN-SOURCE SCRIPT

3 Line Strike [TTF]

Updated

This indicator is a spin-off of the popular TMA Overlay indicator made by request of the original author that narrows down the scope to simply identifying a couple of key candlestick patterns - Engulfing candles and 3 Line Strikes.
In addition to being a far more tailored and purpose-specific indicator, we have also update the indicator code to the latest version of Pinescript and added some enhanced alerts.

Release Notes

Updating alerts to only trigger on bar close (disabling repainting) as a hot-fix for some unexpected alert behavior. As this is intended to be a scalping indicator (1-5m timeframe), we will continue to look for a way to have an "early-warning" alert as well.

Release Notes

Did a pretty hefty overhaul and refactoring of this indicator as a result of the reported issues with alerts. These should all now be fixed in this update.

As always, constructive feedback is welcome and encouraged, and thanks to those who reported these issues and for being patient as we worked to get them corrected!

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.

Want to use this script on a chart?

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