////Current bar's High is less than the 3rd bar's High/// /// and Current bar's Low to be higher the 3rd bar's Low.//// ////This then predicts the market might breakout to new levels //// ///within 2-3 of the next coming bars/// ////Entry occurs when have two inside days and close break candle three high or low// //If need more information recommend google search/////
I have coded when candle conducts breakout the formation above is the setup criteria !!
Will arrow appears after breackout or after closing of the candle..??
UnknownUnicorn50106780
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Hi, is this the variant of Linda Raschke's 3 bar triangle?
simtrader19a
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@permabanXD, 3 bar breakout is just a pennant breakout just renamed and resold
simtrader19a
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@simtrader19a, If a trader applies MTFA then you can see what is happening on smaller time frame in relation to price action
johnhoperobinson
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I love this indicator but it’s not showing every signal on my 5 min chart ( SPY)? I’d be really grateful if you could have a look to see why and if possible configure? Thanks so much. John
dcoul002
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You are a legend you've basically created all of Street Smarts in indicators.
simtrader19a
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@dcoul002, Thanks Linda Raschke did not develop the systems based in her book they were made by various traders before here Dow Theory was the start of it, Turtle soup is Gartley shark pattern or start of wave One if applying Elliot Wave,