OPEN-SOURCE SCRIPT
Milana Trades - SFP ( with Alert)
Swing Failure Pattern (SFP) is a powerful trading tool that helps identify liquidity grabs around swing points and potential price reversals.
How I Use the Indicator
Timeframe Selection:
I primarily focus on higher timeframes (30M and above).
If you're trading within a session, you can use shorter timeframes like 5M or 15M.
Entry Point Identification:
After an SFP forms on a higher timeframe, I switch to a lower timeframe.
On the lower timeframe, I look for confirmation signals indicating a reversal, such as:
iFVG (Imbalance / Fair Value Gap)
MSS (Market Structure Shift)
Breaker Block
Take-Profit Placement:
The ideal target for taking profit is the opposite liquidity zone.
Telegram : milanatrades
Instagram : milana.muslimova_
How I Use the Indicator
Timeframe Selection:
I primarily focus on higher timeframes (30M and above).
If you're trading within a session, you can use shorter timeframes like 5M or 15M.
Entry Point Identification:
After an SFP forms on a higher timeframe, I switch to a lower timeframe.
On the lower timeframe, I look for confirmation signals indicating a reversal, such as:
iFVG (Imbalance / Fair Value Gap)
MSS (Market Structure Shift)
Breaker Block
Take-Profit Placement:
The ideal target for taking profit is the opposite liquidity zone.
Telegram : milanatrades
Instagram : milana.muslimova_
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 publications is governed by House rules. You can favorite it to use it on a chart.
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Disclaimer
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