Candle Pattern | Advanced Block Finder

~ 0 min
2021-11-07 02:48

Advanced Orderblock finder, BEARISH | reversal candle pattern

Advance block finder is a candle pattern that can be used to flag both  BEARISH patterns.
The pattern is a three-candle pattern that suggests a reversal. As with any technical indicator, other present market conditions can be used to improve the reliability of this metric.

  • The price action has displayed an upward trend or a bounce within a downtrend
  • Three white/green candles appear that have progressively shorter bodies
  • The open of the second and third candles lie within the real body of the previous candles respectively
  • The upper shadows/wicks of the three candles gradually become taller, especially the shadow of the third candle

https://www.tradingview.com/x/plKClD6e/

Vantage Signals, our market analytics software, has this indicator integrated into the live algorithms as well as the brute force back testing engine.


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