4-Bar Reversal Pattern

📌 Title:
4-Bar Reversal Pattern — Multi-Candle Signal Detector

📄 Description:
The 4-Bar Reversal Pattern indicator is a powerful price action tool designed to detect significant market reversal signals based solely on candle structure — no moving averages or indicators involved.

🔍 What it does:

Identifies a unique 4-candle reversal setup:

Long Setup: After 3 consecutive bearish candles, a bullish candle breaks the range (higher high + lower low than the previous bar).

Short Setup: After 3 consecutive bullish candles, a bearish candle breaks the range (lower low + higher high than the previous bar).

Confirms signals only when the current candle closes, increasing signal reliability.

Displays visual labels ("BUY"/"SELL") directly on the chart.

Triggers alerts for long and short setups.

Includes a generic alert option to notify whenever any signal is detected (can be toggled on/off).

⚙️ Customizable Inputs:

Enable/disable generic alert

This indicator is ideal for:

Traders looking for clean, mechanical setups

Price action enthusiasts

Those who trade without lagging indicators

Use it on any timeframe, and combine it with your own filters (RSI, support/resistance, etc.) to refine entries.

Indicator born following the viewing of the following video:
youtube.com/watch?v=B8AKwSfpsHQ