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Indicator for MT4
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Swing Failure Pattern Indicator
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Age 3+
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level: intermidiate
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English
Author's Instructions
The Swing Failure Pattern (SFP) forms when the price falsely breaks through a previous high or low with the body of a candlestick totrigger liquidity areas and stop-losses. In simple terms, the break of the area identified by the indicator is fake (Fake Breakout Zone), and the price returns to its original direction. In this indicator, the high price is shown in green, and the low in red.
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Indicator for MT4
-
Swing Failure Pattern Indicator
-
Age 3+
-
level: intermidiate
-
English
Author's Instructions
The Swing Failure Pattern (SFP) forms when the price falsely breaks through a previous high or low with the body of a candlestick totrigger liquidity areas and stop-losses. In simple terms, the break of the area identified by the indicator is fake (Fake Breakout Zone), and the price returns to its original direction. In this indicator, the high price is shown in green, and the low in red.