The indicator is looking for a two-bar reversal pattern of Price Action.

• Double bar with the same bases and a higher close – DBLHC (bullish setup)
• Double bar with the same highs and lower close-DBHLC (bearish setup)

The pattern can consist not only of two, but also of three, and even four bars. It is believed that the more bars make up a pattern, the stronger it is.

The indicator has five configurable parameters:

• The difference between adjacent high or low – the difference between the High or Low of adjacent bars forming a pattern (usually 3 points). For five-digit quotes on H4, a value of about 10-15 points is quite normal
• StopLoss level in Point – the distance of the stop loss level from the lowest Low (bullish setup) or highest High (bearish setup) of the bars included in the pattern
• Draw opening levels and the levels of stop-whether to draw the stop loss level and the position opening/pending order setting level
• Colors levels bullish pattern – the color of the level lines for the bullish pattern (it matters if Yes is selected in point 3)
• Colors levels bearish pattern – the color of the level lines for the bearish pattern (it matters if Yes is selected in step 3)