Summary of 📥 Swing Failure Pattern (SFP) ICT Indicator for MT4&5 - [TradingFinder]
The video presents the Swing Failure Pattern (SFP) indicator designed for ICT (Inner Circle Trader) style trading, available for MetaTrader 4 and MetaTrader 5 platforms via the TradingFinder website. The SFP indicator helps traders identify swing failure patterns on price charts, facilitating specialized market analysis based on price swings.
Main Financial Strategy and Market Analysis:
- The SFP indicator focuses on detecting swing failure patterns, which occur when price swings fail to break certain levels, signaling potential reversals or liquidity grabs.
- It is particularly useful for ICT-style traders who analyze market structure, liquidity, and order flow.
- The indicator identifies swings where price moves in one direction, accumulates liquidity, then reverses, highlighting these key reversal points with SFP signals.
Methodology / How to Use the Indicator:
- Download the indicator file from the TradingFinder website for MT4 or MT5.
- Load the indicator via the Navigator section and drag it onto the chart.
- Ensure "Allow DLL Imports" is enabled in the platform settings before confirming.
- The indicator automatically identifies swing failure patterns on the chart and displays SFP labels at relevant points.
- Users can customize settings in the input section:
- Enable or disable the display of zigzag and swing lines to visualize swings.
- Choose the method for identifying SFPs:
- Based on wicks only,
- Based on candle bodies only,
- Or based on both wicks and bodies.
- Customize colors for support and resistance lines for better visual clarity.
- The indicator highlights swings where price breaks a level but fails to sustain beyond it, often closing back within the previous range within a few candles.
Business Trend:
- The video reflects a growing trend of specialized trading tools tailored for ICT methodologies, emphasizing liquidity and swing analysis.
- Offering the indicator for free or via a dedicated website supports community engagement and user feedback for continuous improvement.
Presenters / Sources:
- The video is presented by TradingFinder, showcasing their Swing Failure Pattern (SFP) indicator for MT4 and MT5 platforms.
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Category
Business and Finance