The 3barpullback indicator automatically identifies the graphical window of the price 3 candlesticks successive price:
. Signal purchase 3 successive candlesticks with higher prices down every candlestick.
Formation of 3 arrows upward green (above each candlestick) .The signal indicates a price pullback in an uptrend
Buy at the opening of the 4th candlestick
. Sell signal: 3 successive candlesticks with lower prices rising every candlestick.
Formation of 3 arrows Baissieres red (below each candlestick) .The signal indicates a pullback in the price in a bearish trend
Sale in the opening of the 4th price candlestick
Parameters
indicator 3barpullback uses for its calculation market information following:
. Series array that contains the highest prices (higher) price of each bar
. Series table that contains closing price for each price bar
. Series array that contains the lowest prices of each price bar
. Series array that contains the opening price of each price bar
. Series array that contains open time of each price bar
analysis Trading
Trade - Example
Exchange
Pair Currency Forex - EUR / USD
Time Frame: 1 Hour - H1
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