If I'm not mistaken that's a strategy employed by Ral over at undergroundtrader. You might want to take advantage of their free 1 week trial and see what you can come up with.
You will find a good discussion of the 3PB in Steve Nison's book "Beyond Candlesticks"(John Wiley,NY 1994, ISBN 047100720X). where it is called Three-Line Break. Chapter 6 (pp 167-195) is devoted to this topic.