Liquidity Sweep Filter Multi TF Scanner - Understanding the Logic and How to Use It

1. Introducing the Indicator

Price has just moved through a recent high or low. To understand that move, you need to know which level is being tracked, what the current trend is, and whether the sweep stands out in terms of volume. Liquidity Sweep Filter Multi TF Scanner brings this information together on one chart, helping you read liquidity sweeps in a clearer context.

The indicator combines three layers of information: trend to establish the direction to watch, liquidity levels to track where price may sweep, and volume to distinguish sweep intensity. Signal markers, volume labels, and the profile help you move from the overall picture to individual events.

As you expand your watchlist across symbols and timeframes, the Scanner brings the information into one dashboard, while Multi-TF places signals in the context of another timeframe. You can identify a case worth watching first, then open its chart for a closer look.

Explore the features and download the indicator for your platform:

• View the Liquidity Sweep Filter Multi TF Scanner indicator — MT5
• View the Liquidity Sweep Filter Multi TF Scanner indicator — MT4

2. Understanding the Logic and Reading the Indicator

2.1. Start with the Trend Line

The trend line gives you a reference point when reading the chart: the turquoise Uptrend line sits at the lower band while the bullish state is active; the red Downtrend line sits at the upper band while the bearish state is active.

To create these bands, the indicator smooths the Applied Price source in two stages, using EMA followed by SMA by default, with MA Length set to 12. Band width is based on the absolute distance between the closing price and the baseline, smoothed and then multiplied by Multiplier, which defaults to 2.0. You can adjust the methods through Source MA Method, Basis MA Method, and Deviation MA Method (length = 3 * MA Length).

• The closing price moves above the upper band: an uptrend is established.
• The closing price moves below the lower band: a downtrend is established.
• Price returns between the bands: the established direction is maintained until the conditions for switching to the opposite direction are met.

Maintaining the trend state helps you follow an entire trend segment rather than interpret every fluctuation around the baseline. MA Length controls smoothing; Multiplier controls band width and also affects the volume assessment window. Before the first direction is established, the indicator may remain neutral.

2.2. Liquidity Levels: See Which Highs and Lows Are Being Tracked

Liquidity lines originate from a swing high or swing low — a local high or low that stands out against the surrounding candles. Two settings let you choose the detection range:

A high must be higher than all highs within the range on both sides; a low must be lower than all lows within that range. For example, Left = 3 and Right = 2 require the candidate to stand out against three preceding candles and two subsequent candles. Increasing the comparison range focuses detection on swings that stand out over a longer stretch; increasing Right also means the level is identified later.

Levels are also selected according to the context at detection: during an uptrend, the indicator uses swing lows above the lower band; during a downtrend, it uses swing highs below the upper band. Each line is placed at the swing candle's price and extends while the level remains active. The line's intensity reflects normalized volume at the candle that created the level.

Pay attention to confirmation timing: the line starts at the swing candle, but appears only after enough candles have formed to its right. This helps you assess when the liquidity level was actually identified.

2.3. Which Direction Is a Sweep Filtered For, and How Strong Is It?

A sweep occurs when price moves beyond a liquidity level being tracked. The trend filter keeps signals aligned with the current direction:

• Bullish Sweep: the Low moves below a swing low level while the current trend remains bullish.
• Bearish Sweep: the High moves above a swing high level while the current trend remains bearish.

Price must move strictly beyond the level; an exact touch is insufficient. Sweep detection uses High/Low and does not require the candle to close back on the other side of the level. The direction filter applies on every candle, consistently across sweeps, strong sweeps, labels, and alerts; the neutral state produces no sweeps. A swept level stops being tracked. A level can also become invalid when the trend band moves past it, but that alone does not create a signal.

To assess intensity, the indicator stores the volume of the swing candle that created each level and normalizes it to a relative 0–100 scale. When several levels are swept at once, their values are added together. The normalization window depends on MA Length × Multiplier; with the default settings, it is 24 candles.

With valid volume data and a total raw volume that is not 0, a regular sweep requires a total normalized score greater than 0; a strong sweep requires the total score to exceed Major Sweep Threshold, which defaults to 50. For example, two levels with scores of 20 and 40 swept together produce a total of 60 and qualify as a strong sweep. This total can exceed 100 when several levels contribute.

You choose the data source through Applied Volume (sweeps and profile), which defaults to Tick volume. If you use Real volume, check that the symbol provides the corresponding data. Volume scores help compare intensity according to the indicator's calculation; a threshold of 50 does not mean a 50% probability of success.

2.4. A Quick Guide to Signal Markers and Volume Labels

The six chart markers help you distinguish between two events: has the trend just changed direction, or has price just swept a liquidity level?

Dots mark trend changes; Buy/Sell mark strong sweeps. A trend can continue to produce sweeps after a Dot has already appeared. With the default threshold, a strong sweep also meets the conditions for a regular sweep, so two markers in the same direction may overlap on one candle.

Volume labels near the trend line add information about the size of the sweep: the number is the total raw volume from the swing candles of the levels just swept. Show Major Liquidations enables labels with a total score above the threshold; Show Minor Liquidations enables labels with a total score below the threshold. These two options control labels only. The name “Liquidations” in the settings does not mean that the number represents the actual monetary value of market liquidations.

You can choose which markers to display and change their symbols, colors, and widths to focus the chart on the information you care about. Hiding a marker preserves its calculation and alert conditions.

2.5. Volume Profile: Another View of Price Zones

Alongside individual sweep events, the volume profile helps you examine price zones within the trend segment being tracked. The profile window resets with a trend change and expands as new candles arrive, keeping the distribution focused on current developments.

The indicator divides the price range into zones, then adds the volume of candles whose High–Low range touches each zone. A longer bar represents a larger accumulated value. One candle can contribute volume to several zones, so this is a representation based on candle data rather than a measurement of executed volume at each price tick.

The bars share a fixed right edge and extend to the left. A positive offset moves the right edge to the right of the current candle; 0 places it at the current candle; a negative value shifts it back to earlier candles. For example, offset = −10 moves the right edge back 10 candles. Scale adjusts the width independently of this position, helping you fit the profile into the available chart space.

Profile colors blend according to trend direction and Profile Color. When comparing zones, bar length is the direct visual measure of magnitude.

2.6. Stay Informed with Alerts on Closed Candles

You can choose from six alert conditions: Strong Bullish Sweep, Strong Bearish Sweep, Bullish Trend, Bearish Trend, Bullish Sweep, and Bearish Sweep. All six are checked on the most recently closed candle, helping you follow events without constantly watching the chart.

Markers and levels on the forming candle can still change before it closes, including swing levels awaiting confirmation. When using Multi-TF, consider whether the candle on the calculation timeframe has closed.

To receive notifications, turn on Enable alerts for the current symbol or Enable alerts for all Scanner symbols; both are off by default. Then choose on-screen messages, push notifications, email, or sound. If you want to focus only on strong sweeps, you can select the two Strong conditions and disable regular sweep alerts to avoid receiving both types for the same event.

3. Scanner and Multi-TF

The Scanner expands your view when you follow multiple symbols and timeframes. Instead of moving through charts one by one, you can use the dashboard to select cases worth watching, then open the corresponding chart to examine liquidity levels, trend direction, and sweep intensity. Switching charts from a cell is controlled by Allow chart changes on cell click.

Multi-TF adds context across timeframes. You can refer to the trend direction on one timeframe while observing sweeps on another. Each timeframe calculates its state from its own data, so different timeframes may reflect different stages of the market.

With Use separate parameters for each time frame, you can also configure MA Length, the swing range, or the sweep threshold separately for each timeframe. Dashboard setup and common settings are explained in the Multi-TF and Scanner User Guide.

4. Using the Indicator with Scanner and Multi-TF

You can start with a simple observation sequence:

1. Read the trend direction. Check whether the turquoise or red line is active and locate the most recent Dot.
2. Find the level just swept. Match the sweep marker to the liquidity line and the swing that created it, allowing for the confirmation delay.
3. Assess intensity. Buy/Sell identify strong sweeps; volume labels and the profile add information about the relevant levels and price zones.
4. Expand your view with Scanner and Multi-TF. Select a case worth watching from the dashboard, examine its chart, then refer to another timeframe for context if needed.

For example, the turquoise Uptrend line remains active, price dips through a low level, and a Buy Signal appears. You can read this move as three clear points: the low level has been swept, the trend state remains bullish, and the total volume score exceeds the strong sweep threshold. A Bullish Dot may have appeared many candles earlier; a new Dot is not required on the Buy Signal candle itself.

When adjusting the indicator, change one group of settings at a time so you can see its effect: MA settings and Multiplier for trend context, Left/Right for the swing range and delay, and Major Sweep Threshold for the intensity you want to focus on. Understanding what each marker tells you makes it easier to develop a consistent way of reading the chart.

Liquidity Sweep Filter Multi TF Scanner brings trend direction, liquidity levels, and sweep intensity into one coherent view, while extending your monitoring through Scanner and Multi-TF. Explore the product details and choose the version for your platform:

• View the Liquidity Sweep Filter Multi TF Scanner indicator — MT5
• View the Liquidity Sweep Filter Multi TF Scanner indicator — MT4