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Tag Archives: Three Bars Reversal
Three Bars Reversal Indicator is a reversal pattern indicator that will draw arrows when 3 bars reversal happen.
Rules for Three Bars Reversal Indicator:
For long: bar 1 closes down, low of bar 2 is below low of bar 1 (and bar 3), bar 3 closes above the high of both bar 1 and bar 2, buy at close of bar 3.
For short: Bar 1 closes up, high of bar 2 is above high of bar 1 (and bar 3), bar 3 closes below the low of both bar 1 and bar 2, sell at close of bar 3.
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