PseT Swing Failure Pattern (SFP)
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.
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.
Versionshinweise:
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.
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.
Versionshinweise:
Minor correction
Versionshinweise:
Added a new alert whether the SFP is a high or a low.