3LL+Baby & 3HH+Baby Pattern

3LL+Baby & 3HH+Baby Pattern Indicator

Overview

This indicator identifies powerful reversal patterns based on momentum exhaustion and inside bar formations. It detects two specific candlestick patterns that signal potential trend reversals: the bullish 3LL+Baby and the bearish 3HH+Baby.

Pattern Descriptions

📈 3LL+Baby Pattern (Bullish Reversal)

Conditions:

Three consecutive candles form lower lows (each low is lower than the previous)
The fourth candle is bullish/green (closes higher than it opens)
The fourth candle is completely contained within the third candle's range (both high and low)

Interpretation: After a downward momentum with three lower lows, a bullish inside bar (baby candle) suggests sellers are exhausted and buyers may be taking control. This pattern often precedes upward reversals.

📉 3HH+Baby Pattern (Bearish Reversal)

Conditions:

Three consecutive candles form higher highs (each high is higher than the previous)

The fourth candle is bearish/red (closes lower than it opens)

The fourth candle is completely contained within the third candle's range (both high and low)

Interpretation: After upward momentum with three higher highs, a bearish inside bar indicates buyers are losing strength and sellers may be gaining control. This pattern often signals potential downward reversals.

Features

Visual Signals

Green Triangle (↑): Appears below bars when 3LL+Baby pattern is detected
Red Triangle (↓): Appears above bars when 3HH+Baby pattern is detected
Labels: Clear text labels identifying each pattern type
Background Highlighting: Subtle background colors (green for bullish, red for bearish)

Customization Options

Toggle labels on/off
Toggle arrow signals on/off
Enable/disable bullish patterns independently
Enable/disable bearish patterns independently

How to Use

Add to Chart: Apply the indicator to any timeframe and instrument
Configure Settings: Adjust visibility options based on your preference
Set Alerts: Create alerts for immediate pattern notifications

Trading Strategy:

3LL+Baby: Consider long positions or closing shorts
3HH+Baby: Consider short positions or closing longs
Always confirm with additional analysis and risk management



Best Practices

Use in conjunction with support/resistance levels
Combine with volume analysis for confirmation
Works on all timeframes (higher timeframes generally more reliable)
Apply proper risk management and stop-loss orders
Consider the broader market context and trend