Swing Level Pattern (SLP)

#What you see

• A red half-circle with the label "Level" above a candle: a bearish pattern at a high.
• A green half-circle with the label "Level" below a candle: a bullish pattern at a low.

The colors are fixed; Line Color has no effect.

#How it works

The detection is the same as in LSOB Pattern: the pattern candle runs beyond the most recent three-candle swing high (low), its high (low) stands above (below) both neighbors, it rejects with a long wick, and the next candle closes back beyond the pattern candle's open. Only the label differs. The label sits on the pattern candle but appears one candle later, once the following candle exists.

#How to read it

The label names what the candle leaves behind: its extreme is a level where a run beyond a swing failed. Such levels are often revisited, and a later clean break through them shows that the other side has taken over. Mark the levels you want to keep with a drawing tool, since the indicator itself does not extend them.

#Using it in strategies

Swing Level Pattern is a visual tool: it has no outputs for the Trade Setup or for use indicator in WickScript.

#Settings

Open the settings with the slider icon next to the indicator (Indicators, F3). Numeric settings can be swept as Step 1 / Step 2 parameters when you run a strategy.

#Inputs

#Styles

#Outputs

This indicator draws on the chart only – it has no values for Trade Setup gates or use indicator.