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Bullish Squeeze Alert (Long trades)

This strategy is very similar to a Bullish Harami, and when it appears as a red candle it contains a bullish green candle within it. However in case of a Bullish Squeeze Alert there is another bullish green candle within the bullish green candle. Hence this becomes a 3 candlestick pattern – bearish red candle followed by 2 bullish green candles, and the whole pattern appears as if the red candle contains a green candle which in turn contains another green candle.

A buy is generated when this pattern appears in the chart.

Buy script

Sell script

Additional notes

The sell signal appears when two continuous bearish candles appear. The trader is free to change the sell condition to suit his specific requirement.