OPEN-SOURCE SCRIPT
Trend Aligned SFP - Hyru
A powerful combination of the Swing Failure Pattern (SFP) detection with Weekly VWAP trend filtering for higher-probability trade setups.
What This Indicator Does
This indicator identifies Swing Failure Patterns (SFPs) - also known as "stop hunts" or failed breakouts - but only shows signals that align with the Weekly VWAP trend direction. This filtering dramatically reduces false signals by ensuring you're trading with the dominant market flow.
Alert Types
SFP Detected - Fires immediately when the pattern forms (on the wick bar)
SFP Confirmed - Fires when price closes beyond the confirmation level (safer entry)
Best Practices
Use on any timeframe (works great on 5m-1H for scalping, 4H-1D for swing trading)
Enable VWAP filter for cleaner, higher-probability signals
Wait for confirmation alerts for lower risk entries
Combine with your favorite support/resistance levels for confluence
What This Indicator Does
This indicator identifies Swing Failure Patterns (SFPs) - also known as "stop hunts" or failed breakouts - but only shows signals that align with the Weekly VWAP trend direction. This filtering dramatically reduces false signals by ensuring you're trading with the dominant market flow.
Alert Types
SFP Detected - Fires immediately when the pattern forms (on the wick bar)
SFP Confirmed - Fires when price closes beyond the confirmation level (safer entry)
Best Practices
Use on any timeframe (works great on 5m-1H for scalping, 4H-1D for swing trading)
Enable VWAP filter for cleaner, higher-probability signals
Wait for confirmation alerts for lower risk entries
Combine with your favorite support/resistance levels for confluence
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.