1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
In a bullish pattern, a second candle sweeps the low of an initial bearish candle before closing above its open, followed by a third candle closing above the previous highs. Bearish patterns follow the inverse structure. The indicator offers an optional multi-candle mode extending the trigger window, alongside a timeframe filter to restrict execution. Signals draw directly on the price chart.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Activate timeframe filter
bool
false
useTfFilter
Allowed timeframe
string
60
allowedTf
Include multi-candle version
bool
false
multiCandle
Max candles after 2nd candle (multi mode)
int
3
multiBarsMax
Show bearish pattern
bool
true
showBearish
Line length in bars
int
3
lineBars
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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