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Swing Failure Pattern (BB-OB) Indicator for MT4 Download - Free

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Swing Failure Pattern (BB-OB) Indicator for MT4 Download - Free
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Swing Failure Pattern (SFP) Indicator is a practical tool in technical analysis that simultaneously displays key points like Break of Structure (BOS), Change of Character (CHoCH), and False Breakouts (FSP) on the chart. This indicator helps traders identify false breakouts and stay alert to market traps with trading risk awareness.

Indicator Specifications Table

Category

ICT - Liquidity - Smart Money

Platform

MetaTrader 4

Skill Level

Advanced

Indicator Type

Continuation - Reversal

Timeframe

Multi-timeframe

Trading Style

Intraday Trading

Market

Cryptocurrency - Forex - Stocks - Commodities

Composite Indicator in an Uptrend

The following image displays the price chart of the British Pound against the Japanese Yen (GBP/JPY) in a 5-minute timeframe. The indicator identifies the Change of Character (CHoCH) pattern and marks it on the chart. After the CHoCH and price breakout, a suitable opportunity for long (buy) trades arises.

British Pound to Japanese Yen currency pai
Composite Indicator in an Uptrend (GBP/JPY)

Composite Indicator in a Downtrend

The following image shows the price chart of the British Pound against the US Dollar (GBP/USD) in a 4-hour timeframe. Based on the image, the indicator detects CHoCH and a false breakout (SFP) and plots them on the chart. The price crossing the "CHoCH" zone and confirming the false breakout (SFP) creates a favorable entry point for short (sell) trades, indicating a continuation of the downtrend.

British Pound to US Dollar currency pair
Composite Indicator in a Downtrend (GBP/USD)

Indicator Settings

Settings
Combined Indicator Settings for False Breakout
  • Theme: Indicator background color;
  • Mode of SFP: Display SFP type with both candle body and wick;
  • Mode of Zone: Display with Order Block;
  • Filter with BOS-CHOCK: Filter with BOS-CHOCK;
  • Swing Major Filter: Display significant swings;
  • Swing Minor Filter: Display minor swings;
  • Swing in the Trend: Display swing in the trend;
  • Swing Against the Trend: Display swing against the trend.

Conclusion

The Composite Failed Breakout Indicator (SFP) is a valuable tool for professional traders to identify false breakouts and reversal points in financial markets. This indicator is handy for ICT and Smart Money strategies and provides an accurate market trend analysis by displaying "BOS" and "CHoCH."

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FAQs

What styles are related to the Composite SFP Indicator?

SFP is beneficial for ICT and Smart Money strategies.

How can traders identify new trends?

Traders can identify new trends by analyzing structural changes and confirming entry conditions.

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