Legend: ↗️ - Swing Low ↘️ - Swing High 💸 - Short SFP 🤑 - Long SFP This indicator will automatically detect Swing Failure patterns. Alerts are included which will allow you to act immediately when your favorite asset presents a great trading opportunity Please research "Swing Failure Patterns" to be able to use this indicator properly.
The indicator detect to swing failure pattern and shows it. Swing Failure Pattern (or SFP) is a type of reversal pattern in which (swing) traders target stop-losses above a key swing low or below a key swing high to push the price in the other direction by generating enough liquidity.
Custom swing fail detector with levels and breakouts both major and minor plus colored candles based on SFP momentum.
Dear Followers, today I'm glad to present you my Swing Failure Pattern Analyzer indicator. As you know, the Swing Failure Pattern (SFP) is a very powerful candlestick pattern, because it highlights trend reversal points : if trend changes you want to know it, right? This indicators highlights for you both Tops and Bottoms , that may be just local or...
This script is used to visually highlight candles which may signal a reversal following a false break of a support or resistance level. Inputs are: Lookback period: look for the highest high and the lowest low of the prior x bars. SMA length: used for a simple moving average of the range (high minus low) of the prior x bars. Range multiple: used to filter...
Tried to create a script for Swing Failure / Stop Run patterns. It is based on my QuantNomad - "Significant Pivot Reversal" Indicator. It's quite tricky to code these kinds of patterns, so it's really not ideal. I alert when a candle cross pivot level but close below (above for bottom) it and previous close was below (above) it as well. You can setup params for...
How To Trade & Profit From Pattern Failures The best trade could be in the opposite direction when a classic price pattern doesn’t behave according to perfect rules outlined in popular books and web sites. In fact, well-known patterns such as the head and shoulders and bull flag have clearly defined levels that can trigger trade entry signals that are contrary to...
Identify stop runs/ swing failures on multiple securities simultaneously. There are currently three options. Custom input – input up to 10 symbols of your choosing Crypto – top 10 symbols on Bitfinex Forex – top 10 forex pairs Runs using my SFP alerts indicator . The setting options are the same as in that indicator and you can use that to identify and...