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Failed 2s - The Strat

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Description:
This indicator detects and highlights "Failed 2" candlestick patterns from The Strat methodology — key price action setups signaling potential reversals or continuation points. It automatically identifies Failed 2 Down (Failed 2D) and Failed 2 Up (Failed 2U) signals by analyzing two consecutive bars, with special attention to price interaction at the 50% midpoint of the previous candle.

Visuals:

- Green upward triangles mark Failed 2 Down signals (bullish setups).

- Red downward triangles mark Failed 2 Up signals (bearish setups).

- Special signals that touch the 50% midpoint of the previous candle are emphasized but use the same shapes.

Alerts:
Built-in alert conditions let you receive notifications when these patterns occur, so you never miss a trade opportunity.

How to Use ALERTS in TradingView

- Paste this code into Pine Editor on TradingView.

- Click Add to Chart.

Set alerts:

- Click "Alerts" → "Condition" = your indicator name

- Choose the alert type (e.g. "Failed 2D Bar Alert")

- Set "Once per bar close"

- Customize the notification method (pop-up, app, email, etc.)

면책사항

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