MTF POWER OF 3 TNF💻

• Strong/Valid Candles: Identified by small asterisks below and above the candlestick body; Those with a body larger than 55% of the candle's total range.
• Tailed Candles: Are not marked by asterisks.
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The General Idea of the Indicator's Signals
The indicator generates signals based on specific candlestick patterns. It identifies valid candlesticks (those with a body larger than 55% of the total candlestick range) and marks them with asterisks above and below the body. Candlesticks with significant tails (long wicks) that do not meet the criteria are not marked.
These signals help traders spot potential trend reversals or continuation patterns, depending on the context and location of the marked candles within the broader price action.
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Daily time frame conditions
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Weekly and monthly time frame conditions
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Best Trading Conditions
- Condition 1: (the best)
• Daily Timeframe: Buy
• Weekly Timeframe: Positive (Bullish)
• Monthly Timeframe: Positive (Bullish)
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- Condition 2:
• Daily Timeframe: Buy
• Weekly Timeframe: Positive (Bullish)
• Monthly Timeframe: Negative (Bearish) (with the condition that monthly resistance is distant)
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- Confirmatory trend line
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- Volume detection by candle colors;
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Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact dr_sayedr83 directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact dr_sayedr83 directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.