Unicorn + SFP Indicator MetaTrader 5 Download - Free - [Tradingfinder]

The Unicorn+SFP indicator is designed to identify Unicorn Zones and the Swinging Failure Mode (SFP) . Unicorn Zones are formed by overlapping Breaker Blocks and Fair Value Gaps (FVGs) and are recognized as reversal areas in ICT trading style .

This indicator can mark fake breakouts , known as SFP , and highlight them with small arrows when detected.

Unicorn + SFP indicator specifications

The information related to this indicator is accurately presented in this table:

Indicators at a glance

The unicorn areas appear as colored boxes at the top and bottom of the candlestick. The bullish unicorn zone are drawn in light purple , while the bearish unicorn zone is highlighted in pink .

These areas not only indicate price reversal points but also act as price reversal area support and resistance .

How this indicator works in an uptrend

In the example Ethereum (ETH) price chart on a 15-minute timeframe , price moved back into the bullish unicorn zone (light purple box) twice.

A Swing Failure Mode (SFP) has occurred in both cases and is marked by the indicator green arrows .

How this indicator works in a downtrend

As seen in the NZD/USD currency pair in a 30-minute timeframe , the upward movement in the trend is fake.

After a false breakout of the bearish unicorn zone (pink box) , the Swing Failure Pattern (SFP) was triggered. In this case, the indicator marks SFP with a red arrow .

Indicator Settings

This section provides a comprehensive introduction to the parameters of the indicator for more precise analysis:

• Color themes for charts and objects : customizable indicator color themes;
• 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 : Define the type of 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 : Defines the type of Swing Failure Pattern;
• SFP Show : Enables the display of swing failure modes.

Conclusion

The Unicorn+SFP indicator is based on an ICT strategy to identify fake breakouts (SFP) and reversal zones called Unicorn Zones .

Unicorn zones have potential liquidity areas , which means that when price reaches these areas and forms a swing failure pattern (SFP) .