Three Drives 6.0

Metatrader (MT4) Indicator

  • Overview

    The Three Drives pattern is a 6-point reversal pattern characterised by a series of higher highs or lower lows that complete at a 127% or 161.8% Fibonacci extension. It signals that the market is exhausted and a reversal can happen.

    • Find Three Drives patterns easily
    • Learn the basics of harmonic patterns
    • Useful to find cheap and expensive zones
    • Customizable 1-2-3 and 0-A-B ratios (for purists)
    • It implements visual/sound/push/mail alerts

    Three Drives patterns can expand/repaint quite a bit. To make things easier this indicator implements a twist: it waits for a donchian breakout in the right direction before signaling the trade. The end result is an otherwise repainting indicator with a very reliable trading signal.

    • Bullish retracements are blue
    • Bearish retracements are red
    • The breakout period for the trade is customizable

    Enhance your trading activity with the best and most complete AB=CD fibonacci retracements indicator.

  • ? FAQ
    Does the indicator repaint?
    Yes, point three has to repaint as the pattern expands.
    How can I confirm trades?
    The Three Drives pattern can be confirmed with support and resistance lines, RSI, price action, supply and demand, bollinger bands... your imagination is the limit.
    Does the indicator implement alerts?
    Yes, it does.

Screenshots

Three Drives Indicator for Metatrader
Three Drives Indicator for Metatrader
Three Drives Indicator for Metatrader
Three Drives Indicator for Metatrader
Three Drives Indicator for Metatrader
Three Drives Indicator for Metatrader
Three Drives Indicator for Metatrader