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.
───
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.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.