PseT Swing Failure Pattern (SFP)

23 באפר׳ 2020

This indicator highlights SFPs (Swing Failure Patterns).

A SFP occurs when the current candle takes out a previous swing high but closes below it (or takes out a previous swing low but closes above it). We usually look for a reversal after a SFP.

24 באפר׳ 2020

הערות שחרור

Alerts have been added.

How to configure an alert:
- Click on the "Create Alert" button
- In the 1st dropdown menu, select "PseT SFP"
- In the 2nd dropdown menu, select "High SFP" or "Low SFP"
- In the Options section, select "Once Per Bar Close" <== IMPORTANT

The rest of the options are up to you.

24 באפר׳ 2020

הערות שחרור

Minor correction

14 בפבר׳ 2022

הערות שחרור

Added a new alert whether the SFP is a high or a low.