Intraday BUY/SELL & AUTO SL (5-min timeframe only) by chaitu50c identifies three-candle reversal patterns synchronized to 15-minute blocks, triggering buy signals when two consecutive green bars break above the preceding red candle's high, and sell signals when two red bars break below the preceding green candle's low. It draws arrow labels and dashed stop loss lines at the three-bar block extremes, resetting all drawings daily. Settings control signal visibility, line widths, and colors.
Three-candle reversal pattern detection
Fifteen-minute block synchronization
Automatic stop loss level calculation at block extremes
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Show Reversal Signals
bool
true
showSignals
Buy Signal Color
color
color.green
buyColor
Sell Signal Color
color
color.red
sellColor
Signal Size
string
large
signalSize
Show SL Lines
bool
true
showSLLines
Show SL Labels
bool
true
showSLLabels
SL Line & Label Color
color
color.black
slColor
SL Line Width
int
1
slLineWidth
SL Hit Label Color
color
color.gray
slHitColor
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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