1. Spot liquidity sweeps and reversal reactions
A break above a high or below a low can quickly reverse. Liquidity Sweep Hunter Multi TF Scanner helps you monitor these situations: it marks potential liquidity levels, identifies sweeps across multiple price bands and displays a signal when price closes back beyond the confirmation level.
On one chart, you can view liquidity-strength color bands, Buy/Sell arrows and reference SL/TP zones. The Scanner extends your monitoring to multiple symbols and timeframes, helping you find charts worth reviewing before examining each setup in detail.
Explore the indicator and download the version for your platform:
- Download Liquidity Sweep Hunter Multi TF Scanner for MT5
- Download Liquidity Sweep Hunter Multi TF Scanner for MT4
2. Read the chart and understand the signals
2.1. Color bands show liquidity locations and strength
The indicator derives price levels from the extremes of three windows: Fast / Mid / Slow, with defaults of 14 / 42 / 120 bars. When an extreme meets the level-formation conditions, the indicator registers it and selects up to three nearest levels on each side to accumulate strength, displayed as color bands on the chart.
- Purple: relatively low strength.
- Mint: the middle of the strength scale.
- Yellow: relatively high strength.
The indicator compares each bar's volume with a volume moving average, SMA 100 by default, then accumulates scores for the relevant price levels. These scores are normalized into a color scale within the currently selected group of levels. Yellow therefore identifies a stronger level within the current model; the colors do not represent a probability of winning. Liquidity levels are estimated from chart price and volume, rather than order-book data.
Applied Volume (logic and VWMA) lets you select Tick or Real volume, with Tick as the default. If you select Real and the market has no real-volume data, the indicator does not automatically switch to Tick. Choose the volume source that matches your available data.
2.2. Arrows follow a qualifying sweep and confirmation
Read the sequence as liquidity sweep → price closes back beyond the confirmation level → signal. Reversal signals operate with Remove On = Wick, which evaluates touches or breaches using the bar's high or low.
| Signal | Sweep | Confirmation condition |
|---|---|---|
| Buy — mint arrow below the bar | The Low touches or breaches enough lower liquidity bands. | The close rises above the highest price level among the valid lower levels counted in the sweep. |
| Sell — red arrow above the bar | The High touches or breaches enough upper liquidity bands. | The close falls below the lowest price level among the valid upper levels counted in the sweep. |
Confirmation can occur on the sweep bar or within the next two bars. If price has not crossed the confirmation level by then, the pending setup is discarded. A touch of a color band or a change in candle color alone is not enough to produce a signal.
For example, suppose a sweep includes two valid lower bands at 3900 and 3895. Price falls to 3893 and then closes at 3901, reclaiming 3900. If the sweep also meets the selected band-count and strength-filter requirements, the indicator can display a Buy signal.
2.3. Define your signal criteria with band count, level age and strength
You can set separate conditions for Buy and Sell rather than apply one set of thresholds to both sides:
| Setting | Default | How to use it |
|---|---|---|
| Minimum swept bands for Buy / Sell | 2 / 2 | The minimum number of distinct bands that must be swept. Increase it to require a sweep covering more bands. |
| Age Buy (bars) / Age Sell (bars) | 1000 / 1000 | The maximum age of a level counted in a Buy/Sell sweep, measured in bars since its latest registration or refresh. |
| Filter Sweeps by Strength / Strength (%) | Enabled / 33 | When enabled, the average strength of the counted bands must reach the selected threshold. |
| Max Age (bars) | 1000 | How long a level remains active. This is separate from the maximum level age used to qualify signals. |
| Cell Width (bars) | 5 | The interval for creating color cells and sampling band strength and thickness; it is not the level-age limit for signals. |
| Price Range Lookback / Price Resolution | 777 / 200 | Adjust band thickness based on the price range. Thickness can affect whether bands touch or overlap. |
The valid band count can differ from the number of colored segments you see. Touching or overlapping bands are merged into one band for counting; a band needs valid color-cell data and its level must satisfy the age limit. For a merged band, the indicator takes the strongest component level, then averages strength across the counted bands.
Each level is a price recorded by the indicator. Its age starts at registration; registering the same level again refreshes its age. Drawing a new color cell or extending a band to the bar that touches the level does not reset its age. The age filter is checked at the sweep; a setup that has already qualified still has the two-bar confirmation window described above.
When price touches a level in Wick mode, that level is removed from the active list, while its historical drawing may remain. Close mode uses the closing price to remove levels and does not activate this sweep-reversal signal system. Maximum boxes / Maximum lines = 0 removes the drawing-count limit without extending a level's validity.
2.4. SL/TP zones show the risk distance and target milestones
Enable Show TP/SL to display a reference zone from the opening price of the bar after the signal. For Buy, SL uses the lowest Low of the four bars preceding the zone's start, including the signal bar; for Sell, it uses the highest High of those four bars. A zone is created only when the risk distance is valid.
R = the distance from Entry to SL. RR sets the final target, with 3R as the default. Target lines are spaced at 1R intervals: RR = 5 produces five milestones from 1R to 5R; RR = 2.5 produces three milestones at 1R, 2R and 2.5R.
Signal Expiry (bars), set to 40 by default, controls the projection and tracking period. The progress zone updates as milestones are touched; tracking ends when SL or the final target is reached, or the setup expires. This is a visual reference tool and does not send orders. If one bar touches both TP and SL, the progress zone does not establish the actual execution sequence within that bar.
2.5. Distinguish developing signals from closed-bar signals
An arrow on the current bar can appear, change or disappear before the bar closes. Alerts are evaluated on closed bars, giving you a consistent confirmation point for notifications.
There are eight alert types: two Buy/Sell reversal alerts, three alerts for detecting upper/lower/any levels, and three for levels removed by price. Choose platform notifications, push, email or sound, with separate switches for the current symbol and Scanner symbols.
3. Broaden your view with the Scanner and Multi-TF
The Scanner helps you find where to look; the chart helps you assess the setup. The panel brings together Buy/Sell signals for your selected symbols and timeframes. With navigation enabled, select a cell to open the chart you want to review.
Multi-TF lets you examine sweeps across timeframes and set separate parameters for each, including band count, level age and the strength filter. The Scanner list supports up to 10 timeframes. You can use a higher timeframe for context and your trading timeframe to assess price reactions; the timeframes do not have to show matching signals.
For panel configuration and common controls, see the Multi-TF and Scanner User Guide.
4. A practical chart workflow
- Find a setup: choose your symbols and timeframes, then use the Scanner to identify charts with signals worth reviewing.
- Check the sweep: see which side's bands were swept and how price closed back beyond the confirmation level. Use closed bars when assessing a completed signal.
- Set your filters: adjust band count, Age Buy/Sell and Strength rather than rely only on band color or the number of historical segments still displayed.
- Review the risk zone: enable SL/TP, examine the Entry–SL distance and R milestones, then compare them with your position-management approach.
With this workflow, color bands identify areas to watch, arrows mark reactions that meet the conditions, and the Scanner broadens your coverage. Explore the version for your platform:
- Download Liquidity Sweep Hunter Multi TF Scanner for MT5
- Download Liquidity Sweep Hunter Multi TF Scanner for MT4
