Swing Failure Pattern by EmreKbThe indicator detect to swing failure pattern and shows it.
Swing Failure Pattern (or SFP) is a type of reversal pattern in which (swing) traders target stop-losses above a key swing low or below a key swing high to push the price in the other direction by generating enough liquidity.
Swingfailure
SFP MomentumCustom swing fail detector with levels and breakouts both major and minor plus colored candles based on SFP momentum.
Reversal finderThis script is used to visually highlight candles which may signal a reversal following a false break of a support or resistance level.
Inputs are:
Lookback period: look for the highest high and the lowest low of the prior x bars.
SMA length: used for a simple moving average of the range (high minus low) of the prior x bars.
Range multiple: used to filter out signals for any bars with a range smaller than the average range of the preceding bars (determined by SMA length above) e.g. a range multiple of 2 will only show signals for bars with a range twice of that of the average range of the preceding bars.
Range threshold: used to filter signals for bars both the open and close of the bar are at the extreme end of the bar e.g. a threshold setting of 33% will only show buy signals for bars which open and close within the upper 1/3rd of the bar’s high/low range (vice versa for sell signals). This helps highlight, for example, bars with a high which exceeds resistance in a current range but which close back inside the range.
Highlight signal bars?: This will highlight bars with a buy signal in green, sell signal bars in red, and all other bars in grey. The script was designed for use with a dark background, so you will need to play around with the bar colours in the style settings to suit your preferences.
Settings used in the example chart are not the default – they are lookback: 5, SMA length: 20, range multiple: 1.2, range threshold: 33%.
Enjoy!
Significant PP - Swing Failure / Stop Run Alerts [QN]Tried to create a script for Swing Failure / Stop Run patterns. It is based on my QuantNomad - "Significant Pivot Reversal" Indicator.
It's quite tricky to code these kinds of patterns, so it's really not ideal. I alert when a candle cross pivot level but close below (above for bottom) it and previous close was below (above) it as well.
You can setup params for pivot points and also by how much it should cross pivot level with "SF ATR Mult".
I have in mind a few other things I'd like to test:
* Different types of pivot points
* Few recent pivot levels at once
* Pivots from higher timeframe
* Different types of "touching" levels
* etc.
Ideally, I want to create a strategy from it, but I'm far from it for now.
Do you have any ideas on how to make it better?
Original Significant Pivot Reversal Indicator:
