Swing Failure Pattern (SFP with fake break) Indicator for MetaTrader 4 Download

The (SFP) pattern forms when the price falsely breaks through a previous high or low with the body of a candlestick to trigger liquidity areas and stop-losses.

In simple terms, the break of the area identified by the indicator is fake (Fake Breakout Zone), and the price returns to its original direction. In this indicator, the high price is shown in green, and the low in red.

Indicator Specifications Table

SFP Indicator in an Uptrend

The chart below shows the GBP/JPY price chart in a 5-minute time frame; after an SFP, the price moves with a red candle toward stop-loss activation and gathers the liquidity required to return to the uptrend.

SFP Indicator in a Downtrend

The USD/CAD price chart in the weekly time frame is shown in the image. After reaching the highest peak, an SFP pattern forms with a fake break, gathering the necessary liquidity for the downtrend continuation.

Indicator Settings

• Color theme of chart and object: Background color of the chart;
• Do you want to see the trends: The price trend is on the chart.

Conclusion

The Swing Failure Pattern (SFP) indicator is an efficient tool for identifying reversal patterns in the market, helping traders locate optimal entry and exit points.

Identifying fake moves and analyzing volume validates price trends, aiding decision-making for ICT, Smart Money, and other liquidity-based trading styles.