OPEN-SOURCE SCRIPT
3 Line Strike [TTF] mit EMA 50
This script is an updated, highly optimized Pine Script v6 version of the classic 3-Line Strike overlay, specifically tailored for trend continuation strategies. It filters out low-probability counter-trend setups by introducing a strict 50 Exponential Moving Average (EMA) body filter.
Key Features:
3-Line Strike Identification: Automatically spots the 4-candle continuation pattern (3 consecutive bearish/bullish candles followed by a powerful opposite-colored engulfing candle).
Strict 50 EMA Body Filter: To ensure you only trade in the direction of the macro trend, Bullish signals will only trigger if the entire candle body (both Open and Close) is completely above the 50 EMA. Conversely, Bearish signals will only trigger if the entire candle body is completely below the 50 EMA.
Standalone Engulfing Signals: Includes an optional toggle to track "Big A$$" Engulfing candles independently, which are also bound to the 50 EMA filter rules.
Fully Customizable Visuals: Switch between standard professional chart shapes or toggle Arty’s classic custom meme icons (🍆/🍑) for a more casual charting experience.
Pine Script v6 Native Alerts: Fully optimized for TradingView's modern dynamic alert engine (alert()), configured to trigger reliably on bar close to avoid repainting issues.
How to Trade It:
This indicator is best utilized as a trend-continuation signal at the end of a brief retracement period. When the market is in a healthy trend (above or below the 50 EMA) and a 3-Line Strike forms, it often signals that the temporary pullback has exhausted itself and the primary trend is ready to resume.
Key Features:
3-Line Strike Identification: Automatically spots the 4-candle continuation pattern (3 consecutive bearish/bullish candles followed by a powerful opposite-colored engulfing candle).
Strict 50 EMA Body Filter: To ensure you only trade in the direction of the macro trend, Bullish signals will only trigger if the entire candle body (both Open and Close) is completely above the 50 EMA. Conversely, Bearish signals will only trigger if the entire candle body is completely below the 50 EMA.
Standalone Engulfing Signals: Includes an optional toggle to track "Big A$$" Engulfing candles independently, which are also bound to the 50 EMA filter rules.
Fully Customizable Visuals: Switch between standard professional chart shapes or toggle Arty’s classic custom meme icons (🍆/🍑) for a more casual charting experience.
Pine Script v6 Native Alerts: Fully optimized for TradingView's modern dynamic alert engine (alert()), configured to trigger reliably on bar close to avoid repainting issues.
How to Trade It:
This indicator is best utilized as a trend-continuation signal at the end of a brief retracement period. When the market is in a healthy trend (above or below the 50 EMA) and a 3-Line Strike forms, it often signals that the temporary pullback has exhausted itself and the primary trend is ready to resume.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.