Three Outside Up is a bullish trend reversal candlestick pattern consisting of three candles. The first two candles of this candlestick pattern form bullish Engulfing.

The Three Outside Up candlestick pattern is recognized if:

  • The first candle is bearish and continues the downtrend;

  • The second candle is long and bullish and its body engulfs the first candle's body;

  • The third candle is bullish and its Close price is higher than that of the second candle.

Input Parameters

Parameter Description
length The number of bars used to calculate the average body height. If the body height of a candle exceeds this average, it is considered long.
trend setup The number of preceding bars to check if the trend exists.


Plot Description
Bullish The Three Outside Up candlestick pattern.