BPR + SFP Indicator ICT in MetaTrader 5 - Free
The BPR + SFP Oscillation Breakout Indicator combines the BPR and SFP patterns in technical analysis to identify market trends and pinpoint suitable entry points.
Indicator Overview
The combination of oscillation breakout and BPR patterns in the ICT style enables traders to identify range zones.
These zones are often recognized as key market levels, used for making critical trading decisions.This tool assists traders in entering volatile markets and locating suitable entryand exit points.
Uptrend Conditions
The price chart below displays the Nasdaq 100 Index in a 1-minute timeframe; gray lines represent key price levels.
When the price reaches these levels, a trend change and reversal to a bullish trend are indicated by a green arrow for traders.
Downtrend Conditions
The image below shows the price chart of Australian Dollar against Japanese Yen (AUD/JPY) in a 5-minute timeframe.
Gray lines represent key price levels; when the price reaches these levels, trend change, breakout, and reversal to a bearish trend are indicated by a red arrow for traders.
Indicator Settings
Table below includes information related to the settings of the BPR + SFP Indicator:
- Color theme of chart and object: Chart color theme;
- 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, incorporating a MT5 Liquidity indicator, is a powerful tool for analyzing key price levels andliquidity, identifying reversal points, oscillation breakouts, and suitable entry and exit points.
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