Three Red Candles Trading Strategy

Version 1.0.0.0 (1.42 KB) by tadeveloper
A MATLAB trading strategy based on a candle stick pattern.
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Updated 4 Mar 2013

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The "Three Red Candles" trading strategy buys at the open price of the next bar when three red candles occur in a row. A red candle is defined by the closing price of a bar being equal to or smaller than the opening price. The position is closed when three white candles occur in a row. A white candle is defined by the closing price of a bar being greater than the opening price.

Please see http://www.tadeveloper.com/blog/83-three-red-candles-matlab-trading-strategy for a full description of the trading strategy.

Cite As

tadeveloper (2024). Three Red Candles Trading Strategy (https://www.mathworks.com/matlabcentral/fileexchange/40614-three-red-candles-trading-strategy), MATLAB Central File Exchange. Retrieved .

MATLAB Release Compatibility
Created with R2012b
Compatible with any release
Platform Compatibility
Windows macOS Linux
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Version Published Release Notes
1.0.0.0