BPR + SFP Indicator ICT in MetaTrader 5 - Free - MT4/MT5 Resources

The BPR + SFP Oscillatory Breakout Indicator combines technical analysis of BPR and SFP patterns to identify market trends and determine appropriate entry points.

The combination is based on market behavior and trader reaction to key price levels such as MT5 support and resistance indicators, liquidity accumulation areas, breakout and retracement levels, and market highs and lows.

The tool analyzes oscillatory breakouts, verifies breakouts and pullbacks to specified levels (shown with green and red arrows), and provides traders with entry signals and trend changes.

BPR + SFP Specification Sheet

The details of the BPR + SFP indicator are shown in the table below:

Indicator Overview

The combination of oscillatory breakouts and BPR patterns in ICT style enables traders to identify range areas.

These areas are often considered key market levels and are used to make critical trading decisions. This tool helps traders enter volatile markets and find suitable entry and exit points.

Uptrend Conditions

The price chart below shows the Nasdaq 100 Index on a 1-minute time frame; the gray lines represent key price levels.

When price reaches these levels, the trend changes and reverses the bullish trend which is indicated by the green arrow for traders.

downtrend conditions

The chart below shows the Australian Dollar against the Japanese Yen (AUD/JPY) price chart on a 5-minute time frame.

The gray lines represent key price levels; when price reaches these levels, the trend changes, breaks out, and reverses the bearish trend for traders, indicated by red arrows.

Indicator Settings

The following table contains information related to BPR + SFP indicator settings:

• Color themes for charts and objects : chart color themes;
• 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, combined with the MT5 Liquidity Indicator, is a powerful analytical tool for key price levels and liquidity, identifying reversal points, oscillatory breakouts, and suitable entry and exit points.