HPotter

Three Outside Up automatic finding script

Hi
Let me introduce my Three Outside Up automatic finding script.
This is a three candlestick bullish reversal pattern consisting of a bullish
engulfing pattern formed by the first two candlesticks then followed by an up
candlestick with a higher close than the prior candlestick .

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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.

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////////////////////////////////////////////////////////////
//  Copyright by HPotter v1.0 05/04/2014
//    This is a three candlestick bullish reversal pattern consisting of a bullish 
//    engulfing pattern formed by the first two candlesticks then followed by an up 
//    candlestick with a higher close than the prior candlestick.
////////////////////////////////////////////////////////////

study(title = "Three Outside Up", overlay = true)
barcolor(open[2] > close[2] ? close[1] > open[1] ? close[1] >= open[2] ? close[2] >= open[1] ? close[1] - open[1] > open[2] - close[2] ? close > open ? close > high[1] ? yellow : na : na : na:na : na : na : na)