PROTECTED SOURCE SCRIPT
Updated 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.
Release Notes
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.
Release Notes
Minor correctionRelease Notes
Added a new alert whether the SFP is a high or a low.Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.