We do have a price action indicator based on 3 bar reversals. This gives an alert but on these trades the short answer is we see them.
With set ups like this we will take these trades every day. We "see" them because we're looking. If we have done our assessment in the morning and it looks like flow will reverse we're expecting it. Or shall I say when it happens it certainly isn't a surprise.
Arrow down left. The possibility of 1hr flipping over on 11th to reverse higher high higher low flow and give a lower high sell was discussed as a possible set up. So when we see that kind of shooting star, rejecting move up, after divergence at an identified resistance level and closing at the bottom of range we'll take it. Little/no lower wick on 1hr. It's easier to see when your daily analysis has already identified the possibility it will happen.
Arrow down right. Attempt to go up stalls with a doji. Then 1hr closes negative, little/no lower wick at low of range. In trend this is a picture perfect set up. Literally cannot ask for more.
The 3 bar reversal signals when the candle close is higher/lower than the previous 2 candle closes. For sells 1 of previous 2 candles must be green positive close. For buys 1 of the previous 2 candles must be negative close. So its doing a good job of capturing change in flow and resumption of trend. Its based on price action only not rsi/tdi etc etc.
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