3 Consecutive Same Color Candles

This TradingView Pine Script detects when three consecutive candlesticks are either all bullish (green) or all bearish (red). It plots a triangle marker above or below the candle to visually signal the pattern and optionally triggers alerts.

How It Works:
A green signal (triangle up) appears below the third candle if the last 3 candles closed higher than they opened (bullish).

A red signal (triangle down) appears above the third candle if the last 3 candles closed lower than they opened (bearish).

Alerts can be set up to notify you immediately when the pattern forms.

Use Case on the 10-Minute Chart:
On the 10-minute chart, this script helps you spot short-term momentum buildups in either direction.

Bullish Signal (3 Green Candles):
Suggests buyers are gaining control.

Can be used to:

Enter breakout trades

Confirm trend continuation

Prepare for scalp entries or momentum trades

Bearish Signal (3 Red Candles):
Indicates sellers are applying pressure.

Can help:

Spot pullbacks or trend reversals

Set up for short positions

Warn of potential breakdowns

Example Trading Ideas:
Pair with EMA or support/resistance for confirmation.

Use as a momentum filter in scalping systems.

Combine with volume or RSI divergence to gauge strength or exhaustion.