Tristan's Three Line Strike Pattern

Three Line Strike Indicator (5-Minute Timeframe)

This indicator highlights Three Line Strike candlestick patterns on a 5-minute chart. The Three Line Strike is a rare four-candle formation that often signals trend continuation rather than reversal.

Bullish Three Line Strike (green “3LS long” above the candle):
Three strong bullish candles in a row are followed by a large bearish candle that completely engulfs the prior three. Despite looking bearish, this setup often indicates strength in the uptrend.

Bearish Three Line Strike (red “3LS sell” below the candle):
Three consecutive bearish candles are followed by a large bullish engulfing candle. Although it looks like a reversal, the downtrend commonly resumes.

How to use on the 5-min chart:

• Watch for the labels marking the pattern.
  
• A bullish signal suggests that the upward move is likely to continue after the engulfing candle.
  
• A bearish signal suggests that the downtrend is likely to continue after the engulfing candle.
  

These signals are not entry/exit triggers on their own—I suggest you combine them with trend confirmation (e.g., moving averages, momentum indicators, or volume analysis) before acting.

Use good risk management, and don't buy / sell based on these indicators alone.