Candles - 2 or 3 consecutive pattern + Custom pips threshold

How it works

The indicator scans for consecutive candlestick patterns by analyzing the body length and characteristics of multiple candles in sequence. Traders can configure specific parameters like minimum and maximum pip ranges, choose between Open-Close or High-Low calculations, and set pattern detection criteria for 2-3 consecutive candles.

When activated, the tool highlights potential market movement signals by drawing visual boxes and lines around detected patterns. It focuses on identifying scenarios like Three White Soldiers and Three Black Crows, which might indicate potential trend reversals or continuations.

Why it may be useful

This indicator provides traders with a unique perspective on potential market maker activities by detecting subtle consecutive candlestick patterns. By identifying consistent body lengths and sequential formations, traders can gain insights into potential market manipulations and strategic entry or exit points.

The flexibility of customizable settings allows traders to adapt the indicator to different trading styles and timeframes, making it a versatile tool for understanding underlying market dynamics and potential trend shifts.

When to explore it

The indicator works best on timeframes ranging from 1-minute to 1-hour charts, with optimal pattern detection when consecutive candles have body lengths between 10-20 pips. Traders should use this tool when seeking to identify potential trend reversals or continuation signals in various market conditions.

It is particularly useful for traders looking to spot early signs of market maker involvement and potential strategic price movements, serving as a complementary analysis tool alongside other technical indicators and trading strategies.

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