Find 5 Three Bars Reversal Formations

Indicator looking trehbarovye reversal formation price Action. All five of them. Four - bull / bear, and one - two-way working on both sides.

If you find a pattern indicator displays the level of installation of a pending stop orders, its price and the stop-loss marks the spot pattern on the chart (if enabled in the settings). You can search as directed all five patterns, and any combination of them to choose from. If you disable search all five, it will be matched with a bi-directional pattern (that is still at least something to look). If the opening price of the current candle is outside line installation orders (level is broken at the opening of the candles, and the order has already put impossible), the indicator displays an additional arrow pointing to the direction in which you can open the market position.

The indicator has the following configurable parameters:

• Search for first formation Yes / No - seek first pivot formation


• Search for second formation Yes / No - seek a second pivot formation


• Search for third formation Yes / No - to seek a third pivot formation


• Search for fourth formation Yes / No - seek a fourth pivot formation


• Search for fifth bidirectional formation Yes / No - to seek a fifth two-way pivot formation


• Distance set pending orders (in points) - Indent level setting a pending order from the pattern edge (points)


• Distance StopLoss from pattern (in points) - Indent level setting orders stop loss pending order from the pattern edge (points)


• Color opening levels for bullish pattern - color line level place a pending order for the bullish pattern


• Color StopLoss levels for bullish pattern - line color of the stop-loss is a pending order for the bullish pattern


• Color opening levels for bearish pattern - color line level place a pending order for the bearish pattern


• Color StopLoss levels for bearish pattern - line color of the stop-loss is a pending order for the bearish pattern


• Draws opening levels and the levels of stop Yes / No - Draw Order whether the levels and orders setting stop-loss


• Draws finding patterns as box - to trace whether the found pattern rectangle


• The style of the drawn box for the patterns - style rectangle: shaded color (Filled), or as a frame (Frame)


• Color box for bullish pattern - color rectangle bullish pattern


• The line style of the bullish box (if Frame) - line style of the rectangle bullish pattern (if selected Frame)


• Line width of the bullish box (if Frame) - Line width bovine rectangle pattern (if selected Frame)


• Color box for bearish pattern - color rectangle bearish pattern


• The line style of the bearish box (if Frame) - line style of the rectangle bearish pattern (if selected Frame)


• Line width of the bearish box (if Frame) - Line width of the rectangle bear pattern (if selected Frame)


• Color box for double-direction pattern - color rectangle bidirectional pattern


• The line style of the double-direction box (if Frame) - bidirectional line style of the rectangle pattern (if selected Frame)


• Line width of the double-direction box (if Frame) - Line width bi rectangle pattern (if selected Frame)

Trehbarovye formation often point to medium- or short-term reversals. It should be noted that the patterns can be found to take into account only with supporting additional criteria, however, like any patterns Price Action.