123 RH Pattern

I am very interested in 123 patterns
I have found an indicator that is printing RH

I know it stands for Ross Hook....but I have no idea what it means.

can anyone explain?

OK...copied from another forum

A Ross Hook is a term created by Joe Ross in The Law of Charts.
A Ross Hook is created by:
1. The first correction following the breakout of a 123 high or low.
2. The first correction following the breakout of a ledge
3. The first correction following the breakout of a trading range

In an up-trending market, after the breakout of a 1-2-3 low, the first instance of the failure of a price bar to make a new high creates a Ross Hook. (A double high/double top also creates a Ross Hook).

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If anyone has a better explanation??

Hello Sir! I would love to have that Rh indicator if you are able to post it. Happy Trading!

attached

thank u.

WHO have related EA? RH