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.

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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.

Reversal price levels in an uptrend

 
Trend reversal in the Nasdaq 100 index with the symbol (Nasdaq100)

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.

Key price levels in a downtrend

 
Reversal levels of the downtrend of the Australian dollar against the Japanese yen with the symbol (AUD/JPY)

Indicator Settings

Table below includes information related to the settings of the BPR + SFP Indicator:

Indicator Settings

 
BPR + SFP Indicator Settings
  • 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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