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Greg_007

Swing Failure Pattern

Greg_007  
Chart patterns Fractal Support and Resistance sfp failureswing
1069
4
chartpatterns fractal supportandresistance sfp failureswing
This script will remind you of a potential swing failure pattern (which is a grab for liquidity to go the other direction). You can't use this script on its own, hence the eyes to look for confluences ;-)

Eyes will appear when the current high/low takes out the high/low of the last (by default) 100 highs/lows and will close below/above that last high/low.
Extra settings:
- ignore the last x amount of bars
- choose a character instead of the eyes
- choose a color for the character

Happy trading! ;-)
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

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.

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