Three Soldiers & Crows Pattern Indicator MT5

The Three Soldiers & Crows Pattern Indicator is a candlestick pattern recognition designed to identify and highlight key reversal formations. It marks the Three White Soldiers pattern with a white circle and the Three Black Crows pattern with a yellow circle on the MT5 chart, providing traders with clear visual signals of potential trend reversals.

However, these two patterns are widely used in technical analysis:

• Three White Soldiers Pattern:

- A bullish reversal pattern that appears near the end of a bearish trend.

- It consists of three consecutive long-bodied bullish candles that open within the previous candle's body and close progressively higher.

This pattern indicates that the bulls have gained control and are likely to raise the price following a sustained downward trend.

• Three Black Crows Pattern:

- A bearish reversal pattern that appears at the top of a bullish momentum.

- It consists of three consecutive long-bodied bearish candles that open within the previous candle's body and close progressively lower.

This pattern signals that the bears have taken control and are likely to drive the price downward following an extended upward trend.

To make more accurate trading decisions using this indicator, traders should wait for confirmation signals, such as volume support, trendline breaks, or oscillator alignment, before entering a position. While the Three Soldiers and Crows patterns are significant reversal signals, combining them with additional techncial analysis indicators can enhance reliability and reduce false signals.

1- In the EURUSD chart example on MetaTrader 5, the indicator identified a Three White Soldiers pattern toward the end of a sustained downtrend, marking it with a white circle. This pattern signaled a potential bullish reversal. As demonstrated in this scenario, the market shift direction to the upside, validating the pattern's significance.

In such cases, traders are advised to close their short positions and prepare for a potential long entry, confirming it with other techncial analysis indicators for avoid false signals.

2- In the GBPCHF chart example on MetaTrader 5, the indicator identified a Three Black Soldiers pattern near the end of an extended uptrend, marking it with a yellow circle. This pattern signaled a potential bearish reversal. As shown in this scenario, the market shift direction to the downside, validating the pattern's significance.

In such cases, traders are advised to close their long trades and prepare for a potential short entry, confirming it with other techncial analysis indicators for avoid false signals.