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The text discusses a new indicator called "three line strike" available for free on TradingView. The indicator can be easily found by searching for it and provides notifications for bearish and bullish three line strike patterns. The video demonstrates the indicator's effectiveness on the Australian Dollar/US Dollar pair on a five-minute timeframe, showing profitable trading results. The content creator filmed the video while on vacation, providing a voiceover from underneath a blanket in their hotel room.