Three Drives Pattern

🔺 Identifies the Three Drives Pattern to spot potential trend reversals.
📈 Suitable for intraday and short-term trading.
⏱️ Works on multiple timeframes (H1–H4, M15–M30).
🆓 Free MT4 indicator for traders of all levels.
🎯 Helps traders capture reversal opportunities.

🚀 Features of the Three Drives Pattern Indicator

  • 🔹 Pattern Detection – Plots three significant price points forming the Three Drives pattern.

  • 🔹 Alerts for Potential Reversals – Notifies traders when a pattern is identified.

  • 🔹 Entry & Exit Guidance – Highlights potential trade opportunities based on the pattern.

  • ⚙️ Non-Repaint – Provides reliable signals without repainting historical points.

  • 💻 Flexible Timeframes – Can be applied to any timeframe from M1 to monthly charts.

🎯 Benefits of Using the Indicator

  • Quick Reversal Identification – Helps traders spot potential profits early.

  • 📊 Supports Technical Analysis – Confirms other chart patterns for better trading decisions.

  • 🛠️ Beginner-Friendly – Easy-to-read visual signals on the chart.

  • 💡 Enhances Trading Strategy – Useful for intraday and short-term setups.

Input Settings & Controls

⚙️ Settings (Se Ex)

  • Size of patterns to be found → Defines how large a pattern must be to qualify for detection.

  • Breakout period for arrows → Determines the candle period to display breakout arrows.

  • Max. History Bars to evaluate → Sets the maximum number of bars to scan for patterns.


📊 Patterns (PA Ex)

  • Color of bullish pattern → Assigns the color for bullish formations.

  • Color of bearish pattern → Assigns the color for bearish formations.

  • Color of lines → Sets the color for drawing pattern lines.


🏷 Labels (LB Ex)

  • Display points → Toggles visibility of point markers on chart.

  • Color of bullish label → Defines label color for bullish signals.

  • Color of bearish label → Defines label color for bearish signals.

  • Label font size → Sets the size of text for labels.


📐 Ratios (PA2 Ex)

  • Display ratios → Enables or disables the display of ratio values.

  • Label color → Color used for ratio labels.

  • Label font size → Text size for ratio labels.

  • Size of ratio lines → Thickness of lines representing ratios.


🔢 Custom Ratios (RA Ex)

  • Min 1-2 and 3-2 Ratio → Minimum allowed ratio for pattern validation.

  • Max 1-2 and 3-2 Ratio → Maximum allowed ratio for pattern validation.

  • Min OA and AB Ratio → Minimum ratio between segments OA and AB.

  • Max OA and AB Ratio → Maximum ratio between segments OA and AB.

Devices Supported

Device Type Operating System Compatibility with TradingView
💻 Windows Laptop/Desktop Windows XP / Vista / 7 / 8 / 8.1 / 10 / 11 ✅ Fully supported via app
🍏 MacBook / iMac macOS 10.15+ ✅ Fully supported via app
📱 Android / Mobile Android OS ❌ Not supported

Risk Disclaimer

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  • All our offerings are intended for testing strategies and educational evaluation only—not for real-money trading.
  • Users may utilize the software and tools for paper trading or strategy evaluation only.
  • If users apply our offerings to actual trading (knowingly or unknowingly), TrendCharts.in or its stakeholders bear no responsibility for any profit or loss.
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  • Use of our software, tools, or services.
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  • Hypothetical or backtested performance may not reflect the impact of actual market conditions.
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  • No real-money trading or investment recommendations are provided or supported.

⚠️ Final Note: Trading in financial markets is speculative and may not be suitable for all investors. TrendCharts.in provides various automatic signal setups for Paper Trading & help in Analysis, it is not a “black box” system to be used without careful evaluation. Users must apply their judgment in filtering automated setups, particularly in relation to broader market trends. All trading decisions are solely the responsibility of the individual trader. Trading and investing involve risks, and losses are inevitable, So Kindly use only risk capital and never invest money you cannot afford to lose.

✅ Always remember🧠 my 3R Rule💡: If the money💰 is yours then, risk⚖️, reward🏆 and regret😔 are solely yours. 🔥

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