SFP pattern mql4

4.5

A Swing Failure Pattern (SFP) is a trade setup in which big traders hunt stop-losses above a key swing high or below a key swing low for the purpose of generating the liquidity needed to push price in the opposite direction.

When price 1) pierces above a key swing high but then 2) closes back below that swing high, we have a potential bearish SFP. Bearish SFPs offer opportunities for short trades. When price 1) dumps below a key swing low but then 2) closes back above that swing low, we have a potential bullish SFP. Bullish SFPs offer opportunities for long trades.

Indicator finds SFP patterns on selected symbols and  time frames and depending on your choice alerts or sends an email. All information is shown in the dashboard. You can open selected chart from the table and see the drawn pattern.

---------Main settings--------
  • Select all symbols from Market Watch? - if Yes the program scans through all the symbols displayed in Market Watch, if No - only selected in next input symbols are scanned
  • Enter symbols separated by commas - enter symbols separated by commas (they must be selected in Market Watch)
  • Enter time frames separated by commas - enter time frames separated by commas (M1,M5,M15,H1,H4,D1,W1,MN1)
---------Draw pattern--------
  • Line color - choose the color for drawing
  • Line width - enter number for line thickness
  • Place mark for stop loss (in ATR units)? - choose Yes or No
  • Multiplier for stop loss (in ATR units) - enter number what size for stop loss in ATR units you want
  • ATR period - period for ATR indicator

-----------Alerts----------

  • Show alerts when SFP detected? - choose Yes or No
  • Send email alert when SFP detected? - choose Yes or No, also you have to configure your email settings in Tools/Options/Email.

    Notes:

    • In tester mode the patterns are drawn only for symbols and time frames of the current chart ant alerts are shown in menu's Journal tab. Also email will not be sent.

    For rebates go to https://premiumtrading.co/?ref=13525 and choose broker.

    Recensioni 4
    GillC
    22
    GillC 2024.06.04 07:20 
     

    I keep getting multiple alerts about symbols I didn't select in the settings such as Symbol CADCHF not valid or not selected in Market Watch. Please enter correct name. Giving good review in the hopes that I will get a prompt reply!

    So it's still not working. It is now saying I have the incorrect timeframe format- timeframe not valid. It's showing zero patterns and I have all on market watch selected so that's most unlikely!

    orangeedge
    239
    orangeedge 2020.12.23 12:56 
     

    Great indicator. Does exactly as described. Like the continuous updates.

    kot2303
    20
    kot2303 2022.03.24 06:40 
     

    орабатывает

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    Egidijus Bikulcius
    Pivot levels indicator shows 7(9 for Camarilla) pivot levels. It is adjusted for major use, including: all standard time frames choice of periods to show four popular calculation formulas (typical, median, weighted and Camarilla) pivot day shift choice of properties for lines and labels choice of showing alerts when crossing pivot lines Parameters: ----------Main parameters----------- Timeframe - time frame for pivot levels Number of periods to show - displays pivot levels for number of periods
    SR levels true
    Egidijus Bikulcius
    Indicator SR levels true in small time frames is very useful for scalping while in bigger ones it is good for day or position trading. SR levels true can draw 4 support/resistance levels based on defined maximum rebouds from price level. Indicator scans  defined number of bars in time axis and defined number of pips in price axis (both sides - up and down) and calculates how much times price was rejected from scanned price levels. At the price levels where maximum rebounds are counted, support
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    Egidijus Bikulcius
    A Swing Failure Pattern ( SFP ) is a trade setup in which big traders hunt stop-losses above a key swing high or below a key swing low for the purpose of generating the liquidity needed to push price in the opposite direction. When price 1) pierces above a key swing high but then 2) closes back below that swing high, we have a potential bearish SFP . Bearish SFPs offer opportunities for short trades. When price 1) dumps below a key swing low but then 2) closes back above that swing low, we have
    Indicator Constant TF Moving Average basically is the same Moving Average indicator, but differently it always shows the price values of chosen time frame. Also, number of periods to show can be selected. Indicators purpose is to use it as support and resistance level in smaller time frames than selected in Input menu. How it looks like you can see in screenshots and video. ---------Main settings-------- Timeframe - choose time frame from dropdown menu Number of periods to show - enter the integ
    Impuls Fibo
    Egidijus Bikulcius
    Impulse Fibo indicator is used to determine price levels after some price impulse occurs. How to use it you can see in screenshots and video. In the indicator setup you can fix two different setups for two different patterns. For drawing convenience also two different rectangles can be easy put on the screen to draw support/resistance levels. . Inputs Draw pattern 1 Line color - choose color from dropdown menu Line style - choose style from dropdown menu Line width - enter integer number 1,2,3.
    Pinbar Outside Pattern indicator shows in a table symbol, time frame and direction of the last price candle if it matches outside pinbar input parameters. Outside pinbar means that the candle is extreme in the chosen time frame. By clicking ' Open chart ' button you can view drawn pattern. You can choose to scan through all the symbols in Market Watch or enter your favorite symbols, and also you can enter time frames you need to scan. ---------Main settings-------- Select all symbols from Market
    Dynamic Grid EA
    Egidijus Bikulcius
    PS DynamicGrid is a MetaTrader 5 Expert Advisor designed to trade a dynamic grid strategy with trend filtering and equity-based risk management. The EA analyzes market direction using moving averages on two separate timeframes: the main signal timeframe and a higher trend timeframe. Buy trades are allowed only when the current price is above both moving averages, while sell trades are allowed only when the current price is below both moving averages. The first trade in a new grid cycle is open
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    GillC
    22
    GillC 2024.06.04 07:20 
     

    I keep getting multiple alerts about symbols I didn't select in the settings such as Symbol CADCHF not valid or not selected in Market Watch. Please enter correct name. Giving good review in the hopes that I will get a prompt reply!

    So it's still not working. It is now saying I have the incorrect timeframe format- timeframe not valid. It's showing zero patterns and I have all on market watch selected so that's most unlikely!

    Egidijus Bikulcius
    9592
    Risposta dello sviluppatore Egidijus Bikulcius 2024.06.04 13:30
    So check the symbols names that are entered in the input: Enter symbols separated by commas. The name must be the same as in Market Watch. Try one to few symbols for the beginning. Also please view the video. Before loading indicator for the first time it is advisable to load some history for every symbol by scrolling charts backwards.
    Check TF format - it must be like M15,H1,H4,D1,W1,MN1. The big TF can show sometimes errors, because there is not enough history on the chart. Now there are patterns on AUDUSD H1 and EURGBP W1.
    kot2303
    20
    kot2303 2022.03.24 06:40 
     

    орабатывает

    orangeedge
    239
    orangeedge 2020.12.23 12:56 
     

    Great indicator. Does exactly as described. Like the continuous updates.

    Евгений Колосков
    25
    Евгений Колосков 2020.12.14 13:22 
     

    хороший индикатор. конечно я бы кое что добавил. но в общем работает стабильно.

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