Failed 2s
Reversal Pattern Indicator
Specialized indicator for identifying Failed 2 reversal setups - one of the most powerful patterns in #TheStrat methodology. Highlights 2-going-3 patterns with open cross detection and provides visual alerts for high-probability reversal opportunities.
Key Features
Failed 2 Detection
Automatically identifies when 2U or 2D patterns fail and become potential 3s (outside bars) for reversal trades.
Open Cross Validation
Confirms failed patterns by detecting when price crosses back through the opening price for higher probability setups.
Reversal Arrows
Clear visual arrows marking exact reversal points with directional bias for easy trade execution.
Smart Alerts
Customizable alerts trigger only on confirmed Failed 2 patterns with open cross, reducing false signals.
Filter Options
Configure minimum bar size, time filters, and pattern requirements to match your trading style.
Historical Marking
Review past Failed 2 patterns on your chart to study and improve pattern recognition.
Configuration Settings
Require TFC
Default: FalseRequire timeframe continuity for signals
Show Arrows
Default: FalseDisplay arrow markers for signals
Show Background Color
Default: TrueHighlight bar background for signals
Show Bar Color
Default: TrueColor the bar/candle for signals
Recent Updates
View all changesVersion 1.5
% of account/drawdown sizing option: Risk max $ amount based on max % of drawdown
New trend option: ATR Trailstop
Account wide market position: Run multiple strategies with same account without interfering with orders between strategies
Version 1.4
Risk/Reward TP: Take profit for R multiplier option
Fixed backtest breakeven functionality
No longer counts same-bar breakevens as loss (should help backtest results a ton)