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 historical.
To build this tool I mixed my experience on the field and some of the logic you can see in the following indicators of mine:
This indicator works on every timeframe and market, it's quite responsive to market movements so it's especially good on volatile markets. It is designed for fast day-trading / scalping, but as you trade on high timeframes is great for swing trades.
The indicator identifies candles that fall into the Swing Failure Patter category, but also candles other 4 categories of reversal candlestick pattern:
pinbar / hammer
hanged man
reversal by volume analysis
reversal by candle wicks analysis
Of course you can
customize colors
turn on or off what you prefer to see and what you don't
set alerts everything you see plotted
The indicator does NOT repaint of course.
This is a premium indicator, so send me a private message in order to get access to this script.
Versionsinformation
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added option for FOREX market
Versionsinformation
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introduced "gold" mode in addition to previous ones available (default, forex)