Hey traders! Today, I’m excited to share an indicator that can give your trading strategy a solid boost: the 3 Line Strike for MetaTrader 4.
This nifty tool has been adapted from TradingView to MQL4, and you can find the link to the source code right in there. So, let’s dive into what this indicator is all about!
Understanding the 3 Line Strike
Here’s the lowdown:
- Bearish Signal: This occurs when you see 3 consecutive bullish candles followed by a bearish engulfing candle.
- Bullish Signal: Conversely, this forms when you have 3 bearish candles followed by a bullish engulfing candle.
Now, a little heads up: I didn’t include any alert functions in this source code because, well, I just didn’t feel like it. But don’t let that deter you; the indicator still packs a punch!
If you want to see this indicator in action and learn how to use it effectively, I recommend checking out some tutorials on YouTube. They can really help you grasp the ins and outs.
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