OPEN-SOURCE SCRIPT
Good Low/High + SFP Confluence [30m]
Good Low / Good High — Full Confluence System v1.3
TPO Confirmation · SFP · MA50 · Fibonacci 0.618 · POC Approximation
Educational purposes only. This indicator does not constitute financial advice. Past signals do not guarantee future results. Always manage your own risk.
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What it does:
This indicator identifies high-probability turning points by combining five confluence elements on the 30-minute chart. It's built around the concept of TPO Good Lows and Good Highs — the idea that a price extreme only "matters" if the market spends meaningful time accepting it. One-candle wicks don't count.
The five elements:
TPO Good Low / Good High — A swing extreme is classified as Good when price holds near that level for a configurable number of candles (default: 2). If price abandons the level too quickly, it's flagged as Bad — meaning expect a return visit to form a proper low or high.
Swing Failure Pattern (SFP) — Detects stop hunts: a wick beyond the prior swing extreme that closes back inside. Bullish SFP = liquidity grab below prior low with a close above. Bearish SFP = grab above prior high with a close below.
Moving Average (default: 50 EMA) — Trend filter. Signals in the direction of the MA carry higher weight in the confluence score.
Fibonacci 0.618 — Dynamic retracement levels calculated from the recent swing range. Both the bearish (sell zone) and bullish (buy zone) 0.618 levels are plotted and factored into confluence.
POC Approximation — Estimates the Point of Control (highest-volume price) over a configurable lookback by dividing the range into buckets and summing volume. Not a true TPO/market profile POC — it's an approximation, but it's surprisingly effective at identifying value.
The signal hierarchy:
| Signal | Meaning |
| ------------------------- | --------------------------------------------------------------- |
| ⚠️ Bad Low / Bad High | One-wick extreme — expect return |
| ✅ Good Low / 🔴 Good High | Accepted extreme — possible reversal zone |
| SFP ▲ / SFP ▼ | Stop hunt with close-back — potential trap |
| 🔥 FULL CONFLUENCE | SFP fires inside MA + POC + Fib alignment — highest probability |
Full confluence signals also draw a zone box and flash background color so they're impossible to miss.
Best used on: 30-minute BTC/liquid crypto or futures. Tune the ATR tolerance and confluence proximity for your instrument.
TPO Confirmation · SFP · MA50 · Fibonacci 0.618 · POC Approximation
Educational purposes only. This indicator does not constitute financial advice. Past signals do not guarantee future results. Always manage your own risk.
───
What it does:
This indicator identifies high-probability turning points by combining five confluence elements on the 30-minute chart. It's built around the concept of TPO Good Lows and Good Highs — the idea that a price extreme only "matters" if the market spends meaningful time accepting it. One-candle wicks don't count.
The five elements:
TPO Good Low / Good High — A swing extreme is classified as Good when price holds near that level for a configurable number of candles (default: 2). If price abandons the level too quickly, it's flagged as Bad — meaning expect a return visit to form a proper low or high.
Swing Failure Pattern (SFP) — Detects stop hunts: a wick beyond the prior swing extreme that closes back inside. Bullish SFP = liquidity grab below prior low with a close above. Bearish SFP = grab above prior high with a close below.
Moving Average (default: 50 EMA) — Trend filter. Signals in the direction of the MA carry higher weight in the confluence score.
Fibonacci 0.618 — Dynamic retracement levels calculated from the recent swing range. Both the bearish (sell zone) and bullish (buy zone) 0.618 levels are plotted and factored into confluence.
POC Approximation — Estimates the Point of Control (highest-volume price) over a configurable lookback by dividing the range into buckets and summing volume. Not a true TPO/market profile POC — it's an approximation, but it's surprisingly effective at identifying value.
The signal hierarchy:
| Signal | Meaning |
| ------------------------- | --------------------------------------------------------------- |
| ⚠️ Bad Low / Bad High | One-wick extreme — expect return |
| ✅ Good Low / 🔴 Good High | Accepted extreme — possible reversal zone |
| SFP ▲ / SFP ▼ | Stop hunt with close-back — potential trap |
| 🔥 FULL CONFLUENCE | SFP fires inside MA + POC + Fib alignment — highest probability |
Full confluence signals also draw a zone box and flash background color so they're impossible to miss.
Best used on: 30-minute BTC/liquid crypto or futures. Tune the ATR tolerance and confluence proximity for your instrument.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.