TradingView Indicator: 3 Line Strike + RSI + 21 SMA

This indicator looks for a specific "3 line strike" pattern (three consecutive bullish or bearish candlesticks followed by an opposite reversal candle). The indicator also checks whether the RSI is above 50 for a bullish reversal pattern or below 50 for a bearish reversal pattern, and whether the closing price is above (bullish reversal) or below (bearish reversal) the 21 SMA. The user is informed by an alarm when the conditions are met. The alert indicates a potential entry point for a trade.

Is this strategy working? Good question! We back tested the strategy: 11.81% in 17 days on BTC/USDT/5min timeframe. Backtesting range: 2023/04/10 - 2023/04/27, see image.

Need help adding this indicator to your Trading View account?

• To add the indicator: Watch this video to add the indicator.
• To set an alert: Watch this video to set an alert.

My Twitter account: https://twitter.com/dbtrading_

Disclaimer

Please note that investing in any financial market involves risk and you should only invest money that you are prepared to lose. Before making any investment decision, it is important that you carefully consider your financial situation and objectives, conduct your own research and consult with a qualified financial advisor. The information provided in this script is not a guarantee of future performance or results and past performance is not a guide to future results. Any investment involves a risk of loss and you should be prepared to bear that risk if you decide to invest. The content of this script is not intended to be a substitute for professional financial advice, diagnosis or treatment. You should always seek the advice of a qualified financial adviser or other qualified financial professional with respect to your personal financial situation.

Any reliance on the information contained in this product is entirely at your own risk. The creator and owner of this script accepts no liability for any loss or damage arising from the use of the information contained herein. By using this script, you acknowledge and accept that the creator and owner of this product is not responsible or liable for any investment decisions made by you or any third party based on the information provided in this script. You agree to indemnify and hold the creator and owner of this product harmless from any and all claims, damages and expenses, including reasonable attorneys' fees, arising out of your use of this product or any information provided herein.