HPotter

Three Black Crows automatic finding script

328
Hi
Let me introduce my Three Black Crows automatic finding script.
This is a three candlestick bearish reversal pattern following an uptrend.
Each successive candlestick opens higher than the previous close and then closes
lower than the previous close.

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

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Want to use this script on a chart?
////////////////////////////////////////////////////////////
//  Copyright by HPotter v1.0 08/04/2014
//    This is a three candlestick bearish reversal pattern following an uptrend. 
//    Each successive candlestick opens higher than the previous close and then closes 
//    lower than the previous close.
////////////////////////////////////////////////////////////

study(title = "Three Black Crows", overlay = true)
barcolor(close < open ? close[1] < open[1] ? close[2] < open[2] ? close < low[1] ? close[1] < low[2] ? open > close[1] ? open[1] > close[2] ? (close - low) * 3 < open - close ? (close[1] - low[1]) * 3 < open[1] - close[1] ? (close[2] - low[2]) * 3 < open[2] - close[2] ? yellow : na : na : na : na : na : na:na : na : na : na)