Unicorn + SFP Indicator MetaTrader 4 Download - Free - [Tradingfinder]

The Unicorn + SFP Indicator is a hybrid tool based on Liquidity and the ICT strategy . A Unicorn Zone is formed by overlapping Breaker Block and a Fair Value Gap (FVG) , indicating a high probability of price reversal in these zones.

The Swing Failure Pattern (SFP) refers to a false breakout of a level that signals potential liquidity hunting and possible trend reversal.

Unicorn + SFP indicator specifications

The table below provides a brief review of the tool’s capabilities:

Indicators at a glance

The Unicorn Indicator marks Bullish Unicorn Zones with light purple boxes and Bearish Unicorn Zones with pink boxes on the chart. Additionally, it identifies swing failure modes (SFP) using arrow indicators to highlight these critical points.

How this indicator works in an uptrend

Based on the following analysis of the Bitcoin (BTC) price chart on the 1 hour time frame, the indicator highlights the bullish Unicorn Zone with a light purple box.

Swing failure pattern is formed, which the indicator displays with a green arrow , if it mistakenly breaks through the unicorn zone when price returns to this area.

How this indicator works in a downtrend

The indicator marks the Bearish Unicorn Zone with a pink box. As shown in the chart below, price mistakenly broke out of this area, forming a Swing Failure Pattern (SFP) .

In this case, the indicator is represented by red arrow .

Indicator Settings

Users can use this section to customize the functionality of the tool:

• Color themes for charts and objects : Customizable color themes for charts and objects;
• Bar Count : Number of candles used for analysis (default: 1000);
• Level 1 BB Show : Enables the display of level 1 circuit breaker blocks;
• Level 1 BB Mode Show : Determine the type of circuit breaker block;
• Level 1 BB last show : Shows the nearest breaker block;
• Level 1 BB last number display : Specify the number of recently displayed Breaker Blocks;
• FVG Show : Enable display of fair value gap (FVG) ;
• FVG Show Mode : Sets the type of FVG;
• FVG Last Show : Display the latest FVG;
• FVG last number display : specify the number of recently displayed FVG;
• Unicorn Show : Enables the display of unicorn areas;
• SFP Mode : Set the type of swing failure mode;
• SFP Show : Displays the swing failure mode.

Conclusion

The Unicorn+SFP Indicator is a hybrid tool that combines the two core concepts of Unicorn Zones and Swing Failure Modes .

Unicorn Zones are formed by overlapping Breaker Blocks and Fair Value Gaps , and the indicator is visually marked with colored boxes.

The Swing Failure Pattern (SFP) represents false breakouts , highlighted by arrows, allowing traders to identify potential liquidity hunts and reversals.