SFP Momentum — Indicator by Austimize

chartpatterns accumulationdistribution swingfailure swingfailurepattern accumulation_distribution breakout accumulation distribution

Custom swing fail detector with levels and breakouts both major and minor plus colored candles based on SFP momentum.

Release Notes:

Fixed error with left/right bounds being switched.
Added accumulation/distribution breakouts (with option to turn them off).

Release Notes:

Updated to differentiate between "minor distribution" around a pivot and "major distribution" around anchors.
Also had them replace breakouts for ease-of-use since they are a subcategory of breakout.

Release Notes:

♦added previous high pivot/anchor levels as green lines and previous low pivot/anchor levels as red lines.

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

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