indicator · on price · open source
Three Black Crows
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About
Three Black Crows: three consecutive bearish candles, each opening within the previous body and closing below it. Strong continuation / reversal pattern after an uptrend.
- Red bar colour on the third candle; alert fires only on completion.
- Reliable when bodies are roughly equal and each opens near the prior close.
Source code
//@version=5
indicator("Three Black Crows", overlay=true)
s1 = close[2] < open[2]
s2 = close[1] < open[1] and close[1] < close[2]
s3 = close < open and close < close[1]
ts = s1 and s2 and s3
barcolor(ts ? color.red : na)
plotshape(ts, "Three Black Crows", style=shape.square, location=location.abovebar, color=color.red, text="3BC")
alertcondition(ts, "Three Black Crows", "Three Black Crows confirmed")
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