Summary of "馃搳 Three Inside Indicator to TradingView - Free - [TradingFinder]"
The video presents the "Three Inside" Candlestick Pattern Indicator available for free on the TradingFinder website and accessible on TradingView. This indicator helps traders identify the "Three Inside" candlestick pattern, which signals potential market trend reversals and trading opportunities.
Main Financial Strategies and Market Analysis:
- Three Inside Candlestick Pattern: A three-candle formation signaling trend reversals.
- At the end of a downtrend, it indicates a reversal from bearish to bullish.
- At the end of an uptrend, it signals a reversal from bullish to bearish.
- Pattern Identification Criteria:
- Three Inside Up Pattern:
- First candle: distinctly bearish.
- Third candle: clearly bullish.
- Third candle closes above 50% of the first candle鈥檚 body.
- Three Inside Down Pattern:
- First candle: distinctly bullish.
- Third candle: clearly bearish.
- Third candle closes below 50% of the first candle鈥檚 body.
- Three Inside Up Pattern:
- Pattern Strength Classification:
- Strong pattern: the body of the first candle is at least 80% of the entire candle length (body plus shadows).
- Weak pattern: the body of the first candle is less than 80% compared to its shadows.
Indicator Features and Usage:
- Available on TradingView; can be searched and applied from the indicator section.
- Option to add to favorites for quick access.
- Visual cues:
- When the "filter" option is enabled (default on), only strong patterns are shown.
- Bullish patterns appear in vibrant green.
- Bearish patterns appear in striking red.
- When the filter is disabled, both weak and strong patterns are shown.
- Bullish patterns appear in vibrant blue.
- Bearish patterns appear in deep black.
- When the "filter" option is enabled (default on), only strong patterns are shown.
- Input settings:
- Enable/disable the Three Inside bar filter.
- Enable/disable display of input status information.
Step-by-Step Guide to Using the Indicator:
- Search and apply the "Three Inside" indicator on TradingView.
- Enable or disable the filter option based on preference for strong-only or all patterns.
- Observe the colored candlestick patterns on the chart:
- Green/red for strong bullish/bearish (filter on).
- Blue/black for all bullish/bearish (filter off).
- Use the pattern signals to anticipate trend reversals and plan trades accordingly.
Presenters/Sources:
- The tutorial is provided by TradingFinder, the creators of the indicator.
Category
Business and Finance
