The figure below shows how the indicator works. This is a search for the Price Action pattern.
The candle model consists of two indicators of the dominance of bulls or bears. Tick volumes and volume are also involved in the construction of the signal
delta.
delta.
The indicator looks for possible reversals in the section whose length is set in the Calculation High/Low parameters
By default, the parameter is set as 50 bars.
Input parameters
Calculation High/low-determination of high/low by the number of bars