The indicator autonomously detects the Engulfings to which filters can be placed. The available filters are:
- ATR (discards Engulfings which do not have a body greater than or equal to the value of ATR)
-SWING(SWING filter, the indicator ensures that the minimum/maximum must be the absolute minimum/maximum with respect to the number of spark plugs selected in the settings)
- L3C/H3C (discards Engulfings that do not form an L3C or H3C)
- (Discards that is not in overbought/oversold in the first pattern candle)
In addition, the indicator draws 4 lines (2 for Engulfings and 2 for Engulfings) which are SL and TP.
The Stop Loss is calculated an ATR below/above the swing generated by the two spark plugs and the Take Profit is calculated according to the return risk set in the indicator, which is 1.5 by default.