The indicator looks for buy and sell zones where you can open a trade with the minimum stop loss and the best risk/profit ratio (Risk Reward Ratio). The indicator is based on a qualitative search for the Double Top/Double Bottom pattern.

Further actions of the trader:

• Days painting – how many days in a row to search for Reversal zones and Main levels.
• Min zone width, pip – minimum zone width. Optimal 100 pips for most instruments. For indices and oil – 30 pips.
• Min impulse width, pip – the minimum distance by which the price must exit the Reversal Zone in order for this zone to be formed. Optimal 100 pips for most instruments. For indices and oil – 30 pips.
• Fill square-draw a U-turn zone. I recommend – “false”.
• Find Main Level in reversal zones-search for the Main Level in reversal zones. “True” is recommended because the Main Level is the most important point in the reversal zone.
• Cut far zones-whether to cut the far turning zones. More convenient – “true”.
• Buy reverse zone color – the color of the buy Reversal zone.
• Buy Main Level color – the color of the Main buy level.
• Sell reverse zone color – the color of the sell Reversal zone.
• Sell Main Level color – the color of the Main level of the sell.

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There is also a fully working free version of the indicator, which only works on the USDCAD pair –

P.S. If something is not clear in the work of this indicator-be sure to ask questions in discussions or in personal messages.

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