Swing Failure Mode (BB-OB) Indicator Download for MT5 - Free | Forex Indicator Download - MetaTrader 5 Resources

The Swing Failure Mode (SFP) indicator is a useful tool in MetaTrader 5 for identifying false breakouts and key reversal points. This indicator simultaneously displays points such as Breakout of Structure (BOS) , Change of Characteristics (CHoCH) , and Fake Breakout (SFP) on the chart. It helps price action, ICT and smart money style traders detect failed breakouts efficiently.

Indicator specification table

Indicator overview

The Composite Failed Breakout Indicator (SFP) helps traders identify potential reversals or continuation points through accurate analysis of Structure Breaks (BOS) , Character Changes (CHoCH) , and False Breakouts (FSP) . Compatible with a variety of financial markets and time frames, this indicator is a comprehensive tool for combining failed breakouts designed to trigger stops and collect liquidity.

Comprehensive indicators in an uptrend

In the ensuing uptrend, the daily XAU/USD chart shows. As can be seen from the figure, the price is in an upward trend, and after a period of rising structural break (BOS) in the direction of this trend, the SFP pattern forms. After this pattern is formed, the price will undergo a small adjustment, creating an opportunity for entry into the Long trade.

Comprehensive indicators are on a downward trend

The chart below shows the GBP/SGD currency pair on the 30 minute time frame. As can be seen from the figure, the change in market behavior (CHoCH) is fake. After triggering the stop loss and gathering liquidity, the price formed an SFP pattern and continued its downward trend.

Indicator Settings

• Theme: Chart background color;
• Mode of SFP: Displays the SFP type, with candle body and candle wick;
• Mode of the zone: Display order block;
• Filter with BOS-CHOCK: Filter with BOS CHOCK;
• Swing major filter: displays large swing;
• Swing minor filter: shows slight swing;
• Swing in the trend: shows the fluctuation of the trend;
• Counter-trend swing: Shows counter-trend swings.

Conclusion

By combining the ability to detect Breaks of Structure (BOS) , Character Changes (CHoCH) , and False Breakouts (SFP) , this indicator is suitable for price action, ICT and Smart Money based trading styles. Traders can use this indicator to identify suitable entry and exit points as well as awareness of liquidity areas and stop losses.