BPR + SFP Indicator ICT in MetaTrader 5 - Free - [TradingFinder]

The BPR + SFP Oscillation Breakout Indicator combines the BPR and SFP patterns in technical analysis to identify market trends and pinpoint suitable entry points.

This combination is based on market behavior and traders’ reactions tokey price levels such as support and resistance, liquidity accumulation zones, breakout and pullback levels, and market highs and lows.

This tool analyzes oscillation breakouts, validates breakouts and pullbacks to specified levels (displayed with green and red arrows), and provides entry signals and trend changes for traders.

BPR + SFP Specification Table

Details of the BPR + SFP Indicator are displayed in the table below:

Uptrend Conditions

The price chart below displays the Nasdaq 100 Index in a 1-minute timeframe; gray lines represent key price levels.

When the price reaches these levels, atrend change and reversal to a bullish trend are indicated by a green arrow for traders.

Downtrend Conditions

The image below shows the price chart of Australian Dollar against Japanese Yen (AUD/JPY) in a 5-minute timeframe.

Gray lines represent key price levels; when the price reaches these levels, trend change, breakout, and reversal to a bearish trend are indicated by a red arrow for traders.

Indicator Settings

Table below includes information related to the settings of the BPR + SFP Indicator:

• Color theme of chart and object: Chart color theme;
• Candles to check: Candle analysis;
• Object prefix: Classification code;
• SFP mode: SFP mode;
• BPR show: Display BPR;
• BPR SFT show: Display BPR SFT.

Conclusion

The combined BPR and SFP Indicator is a powerful tool for analyzing key price levels and liquidity, identifying reversal points, oscillation breakouts, and suitable entry and exit points.