PROTECTED SOURCE SCRIPT
SFP + OTO ATR [Algoliq]
📌 English Explanation
🔹 What does this indicator do?
The indicator identifies Swing Failure Patterns (SFPs), which occur when price pushes above a previous swing high or below a swing low, then quickly reverses back.
In simple terms: it detects fake breakouts (stop hunts) and potential reversals.
🔹 How does it work?
Pivot detection (L/R):
Uses left/right bar counts to detect swing highs and lows.
Can be set manually or dynamically adjusted based on ATR (volatility).
SFP conditions:
Price must grab liquidity by exceeding the previous swing level.
Candle close conditions (relative to open or previous swing) confirm validity.
If confirmed → a Bearish (red) or Bullish (green) SFP is triggered.
Visuals:
Blue line → liquidity level (previous swing).
Orange dashed line → confirmation level (pivot bar open).
Labels → 🔻 Bearish SFP (red), 🔺 Bullish SFP (green).
Alerts:
Custom alerts are included to notify traders when SFPs form.
🔹 Who is this suitable for?
Best for price action / liquidity-based traders.
Particularly useful for scalpers and day traders who look for false breakouts and liquidity grabs.
Effective for reversal trading strategies after stop hunts.
🔹 What does this indicator do?
The indicator identifies Swing Failure Patterns (SFPs), which occur when price pushes above a previous swing high or below a swing low, then quickly reverses back.
In simple terms: it detects fake breakouts (stop hunts) and potential reversals.
🔹 How does it work?
Pivot detection (L/R):
Uses left/right bar counts to detect swing highs and lows.
Can be set manually or dynamically adjusted based on ATR (volatility).
SFP conditions:
Price must grab liquidity by exceeding the previous swing level.
Candle close conditions (relative to open or previous swing) confirm validity.
If confirmed → a Bearish (red) or Bullish (green) SFP is triggered.
Visuals:
Blue line → liquidity level (previous swing).
Orange dashed line → confirmation level (pivot bar open).
Labels → 🔻 Bearish SFP (red), 🔺 Bullish SFP (green).
Alerts:
Custom alerts are included to notify traders when SFPs form.
🔹 Who is this suitable for?
Best for price action / liquidity-based traders.
Particularly useful for scalpers and day traders who look for false breakouts and liquidity grabs.
Effective for reversal trading strategies after stop hunts.
受保護腳本
此腳本以閉源形式發佈。 不過，您可以自由且不受任何限制地使用它 — 在此處了解更多資訊。
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。