Liquidity Sweep Filter MT4 Multi TF Scanner
- Indicators
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Duc Hoan Nguyen
I develop practical trading tools for MetaTrader 4/5, with a focus on indicator integration, Multi-Timeframe analysis, market scanning, and automated trading solutions.
My work mainly includes:
• Indicator-to-EA Solutions - Version: 1.0
- Activations: 10
See the MT5 version at: Liquidity Sweep Filter Multi TF Scanner — MT5
See the MT4 version at: Liquidity Sweep Filter Multi TF Scanner — MT4
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Read liquidity sweeps in their trend context, distinguish intensity through volume, and monitor multiple symbols and timeframes from the same chart.
Explore the logic and usage of Liquidity Sweep Filter Multi TF Scanner
Liquidity Sweep Filter Multi TF Scanner
When price moves through a recent high or low, you need a clear view of both the level just swept and the ongoing trend. Liquidity Sweep Filter Multi TF Scanner combines trend lines, liquidity levels, and volume scores to help you follow this move directly on the chart.
Bullish Sweep is produced only during an uptrend; Bearish Sweep is produced only during a downtrend. The filter applies on every candle to sweeps, strong sweeps, volume labels, and alerts. This keeps the information aligned in one direction, from the trend context to each level just swept by price.
Information You Can Read Directly on the Chart
- The active trend direction. The turquoise Uptrend line sits at the lower band; the red Downtrend line sits at the upper band. A close above the upper band establishes an uptrend, and a close below the lower band establishes a downtrend; when price returns between the bands, the previous state is maintained.
- Liquidity levels from swing highs and swing lows. Choose the number of candles to the left and right to identify local highs and lows. A wider range focuses on swings that stand out over a longer stretch; the number of candles to the right also determines the level confirmation delay.
- Buy/Sell for strong sweeps, Dot for trend changes. Buy Signal marks a Strong Bullish Sweep; Sell Signal marks a Strong Bearish Sweep. Bullish/Bearish Dot records when the state switches to bullish/bearish. Bullish/Bearish Sweep markers add qualifying sweep events aligned with the trend.
- Volume to distinguish intensity. Each level stores the volume of the swing candle that created it. When several levels are swept, their normalized volume scores are added; exceeding Major Sweep Threshold, default 50, qualifies as a strong sweep when valid volume is available. Volume labels show the total raw volume of the levels just swept.
- A profile for viewing price zones. The bars show accumulated volume values from candles whose price range touches each zone in the trend segment being tracked. Longer bars represent larger values. The profile has a fixed right edge, with bars extending to the left; adjust width and position independently, including a negative offset to shift it back to earlier candles.
- Scanner and Multi-TF to expand your view. View multiple symbols and timeframes in the dashboard, select a cell to open its chart when navigation is enabled, then check the relevant levels and signals. Multi-TF adds context from another timeframe; separate parameters can be used for each timeframe.
Choose which markers to display and customize their symbols, colors, and widths. Show Major Liquidations and Show Minor Liquidations control volume labels; hiding a marker or label does not automatically disable its corresponding alert condition.
Understanding a Liquidity Sweep
A sweep uses High/Low moving strictly beyond a tracked level; an exact touch is insufficient, and the candle is not required to close back on the other side of the level. Bullish Sweep requires Low below a low level while the trend remains bullish; Bearish Sweep requires High above a high level while the trend remains bearish. A regular sweep requires total raw volume other than 0 and a valid total normalized volume score greater than 0; a strong sweep requires the total score to exceed the selected threshold.
For example, an uptrend remains active, price sweeps a low level, and a Buy Signal appears: this is a bullish sweep with a volume score above the strong threshold. A Bullish Dot may have appeared many candles earlier; the two markers serve different purposes. With the default threshold, a strong sweep also meets the regular sweep conditions, so markers in the same direction may overlap.
Volume scores are a relative measure used by the indicator. “Liquidations” labels use swing candle volume, while the profile is built from candle ranges and volume; they do not represent actual liquidation amounts or executed volume at each price tick.
Alerts to Keep Track When You Step Away from the Chart
The six conditions are Strong Bullish Sweep, Strong Bearish Sweep, Bullish Trend, Bearish Trend, Bullish Sweep, and Bearish Sweep. All are checked on the most recently closed candle. Receive platform messages, push notifications, email, or sound for the current symbol or the symbols in the Scanner.
Enable alerts for the current symbol and Enable alerts for all Scanner symbols are both off by default; turn on the scope you want. Markers and levels on the forming candle can still change before it closes. With Multi-TF, consider whether the candle on the calculation timeframe has closed.
How to Use
- Choose where to focus. Use the Scanner to follow your list of symbols and timeframes, then open a chart with a move worth watching.
- Read the direction, then check the level. Check the Uptrend/Downtrend line, the latest Dot, and the liquidity level just swept. Allow for the number of candles to the right needed to confirm the swing.
- Distinguish intensity. Observe sweeps, Buy/Sell, and volume labels; use the profile to add a view of price zones within the current segment.
- Refer to other timeframes and adjust one group at a time. Use Multi-TF for context, then adjust MA Length, Multiplier, the swing range, or Major Sweep Threshold to suit your observation needs. Each timeframe calculates its own state, so different timeframes may show different information.
From a single chart to a dashboard monitoring multiple symbols, Liquidity Sweep Filter Multi TF Scanner helps you connect three key pieces of information: trend direction, the liquidity level just swept, and the event's volume intensity.
