Keep in mind that these reversal candlesticks aren't the holy grail. ThreeInsideUp.SetDefaultColor(Color.White) Īddlabel(label and ThreeInsideUp, ' Three Inside Up ', Color.White) ĪddLabel(yes,'InsideUp',color.DARK_ORANGE) ThreeInsideUp.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP) # The three inside up acts as a bullish reversal 65% of the time and price climbs 2.61% in 10 days, on average - Thomas Bulkowski, TASC 11.2011 The Three Inside Up is a 'bullish harami with a confirming candle as the third day'. Signal_short.SetDefaultColor(color.Magenta) ĪddLabel(yes,'Reversal_MN',color.PLUM) Bulkowski's Three Inside UpUnlike the other two indicators, this one only identifies bullish reversal candlestick pattern. Signal_short.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_DOWN)
Signal_long.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP)
Plot signal_short = if reversal_short then high else double.nan Plot signal_long = if reversal_long then low else double.nan Def reversal_long = low high and close > low + (high - low)/2 and low high and close high and high > high and high > high and high > high and high > high and high > high
