SFP + OTO ATR [Algoliq]

📌 English Explanation
🔹 What does this indicator do?

The indicator identifies Swing Failure Patterns (SFPs), which occur when price pushes above a previous swing high or below a swing low, then quickly reverses back.

In simple terms: it detects fake breakouts (stop hunts) and potential reversals.

🔹 How does it work?

Pivot detection (L/R):

Uses left/right bar counts to detect swing highs and lows.

Can be set manually or dynamically adjusted based on ATR (volatility).

SFP conditions:

Price must grab liquidity by exceeding the previous swing level.

Candle close conditions (relative to open or previous swing) confirm validity.

If confirmed → a Bearish (red) or Bullish (green) SFP is triggered.

Visuals:

Blue line → liquidity level (previous swing).

Orange dashed line → confirmation level (pivot bar open).

Labels → 🔻 Bearish SFP (red), 🔺 Bullish SFP (green).

Alerts:

Custom alerts are included to notify traders when SFPs form.

🔹 Who is this suitable for?

Best for price action / liquidity-based traders.

Particularly useful for scalpers and day traders who look for false breakouts and liquidity grabs.

Effective for reversal trading strategies after stop hunts.