P3 Malaysian SNR 3-Candle Pattern

21 ore fa

1 ∙ Core Concept
This indicator turns one of the oldest discretionary price-action ideas—“support & resistance role-reversal”—into a fully rule-based, multi-time-frame model.
It detects, marks and continuously tracks the three-candle structure that Malaysian price-action traders call the SNR 3-candle pattern:

Candle-1 sets the impulse:
bullish close → potential future resistance
bearish close → potential future support

Candle-2 immediately closes the opposite way, signalling absorption of the impulse.

Candle-3 closes in the same direction as Candle-2 and confirms the level.

The script then:

Locks the HTF price zone (high/low of Candle-3) with a horizontal level.

Colours only the first two pattern candles yellow on every timeframe so lower-TF traders can see precisely which bars created the HTF level.

What Makes It Original?
Most S/R scripts only draw one line; this overlay colours all lower-TF bars that live inside the HTF pattern, letting scalpers “zoom in” on HTF structure—an approach not found in open-source examples.

Pure Price-Action –
The logic uses only raw OHLC data; there are no MAs, RSI, BB, etc. This is not a re-skin of classic indicator code.

19 ore fa

Note di rilascio

alert added when 3 candle pattern presents

12 ore fa

Note di rilascio

Table Functionality Added
4-column table showing TF, Pattern, Direction, and Candle type

Top-right positioning for easy visibility

Header row with gray background for clear identification

Pattern Highlighting in Table
Yellow background highlights the entire row when a 3-candle pattern is active

Color-coded direction: Green for "Up", Red for "Down"

Color-coded candle type: Green for "Bull", Red for "Bear"

Real-time updates showing current pattern status

Table Controls
Toggle option to show/hide the table via "Show HTF Direction Table" setting

Automatic sizing with proper column widths

Clean formatting with consistent text sizing

How the Table Works
Pattern Detection Display
"Support" appears when: Bearish → Bullish → Bullish sequence detected

"Resistance" appears when: Bullish → Bearish → Bearish sequence detected

"-" appears when no pattern is present

Row Highlighting
Yellow background: Indicates an active 3-candle pattern on that timeframe

White background: No pattern currently active

Colored text: Direction and candle type use green/red for easy interpretation

Real-Time Updates
Table updates on every bar close showing the current status

Pattern highlighting appears immediately when conditions are met

Colors change dynamically as market conditions evolve

This enhanced script now provides both visual bar highlighting and a comprehensive table that clearly shows when Malaysian SNR 3-candle patterns are active across multiple timeframes.