OPEN-SOURCE SCRIPT
Updated SFP Momentum
Custom swing fail detector with levels and breakouts both major and minor plus colored candles based on SFP momentum.
Release Notes
Fixed error with left/right bounds being switched.Added accumulation/distribution breakouts (with option to turn them off).
Release Notes
Updated to differentiate between "minor distribution" around a pivot and "major distribution" around anchors.Also had them replace breakouts for ease-of-use since they are a subcategory of breakout.
Release Notes
♦added previous high pivot/anchor levels as green lines and previous low pivot/anchor levels as red lines.
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
Want to use this script on a chart?
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.