Prev Week High Low Sweep

Weekly Extreme Liquidity Sweep and Mean-Reversion for MT5

Systematic Weekly High/Low Sweep Detection and Macro Range Rotation Validation

Core Concept and Value Proposition

Trading initial breakouts beyond major previous week extremes often leads to rapid drawdowns: price briefly penetrates the level, absorbs clustered resting liquidity, and swiftly reverses back into the established weekly range. Traders who hesitate during this rejection phase frequently miss the continuation toward internal range targets.

This indicator provides a structured framework to identify institutional liquidity sweeps at previous week highs and lows (PWH / PWL). The algorithm continuously monitors major weekly price boundaries, isolates false expansion probes that raid external liquidity pools, and validates genuine rejection as soon as price closes back inside the prior weekly range. This offers an objective visual methodology for executing structured mean-reversion and range-rotation opportunities.

The system is optimized for liquid instruments (Forex majors, Gold, stock index CFDs) and active trading sessions characterized by clear institutional order flow across multiple timeframes.

Algorithmic Logic and Trade Validation

Visual BUY Confirmation (Sell-Side Liquidity Sweep):

• Context: Price pierces below the Previous Week Low (PWL) to access resting sell-side stop liquidity.
• Rejection: A bullish candle displays clear lower-wick absorption and closes firmly back above the Previous Week Low threshold.
• Execution Trigger: The setup confirms strictly upon candle close; the open of the subsequent bar serves as the execution reference.

Visual SELL Confirmation (Buy-Side Liquidity Sweep):

• Context: Price spikes above the Previous Week High (PWH) to access resting buy-side stop liquidity.
• Rejection: A bearish candle displays clear upper-wick absorption and closes firmly back below the Previous Week High threshold.
• Execution Trigger: The setup confirms strictly upon candle close; the open of the subsequent bar serves as the execution reference.

Strict Closed-Bar Calculation:

• All signal calculations, weekly threshold references, and target projections are determined strictly upon the close of the setup candle.
• Once a bar completes, the signal markers and levels lock permanently; they do not recalculate, shift, or disappear on historical data.

Risk Management Architecture and Target Ladder

Every validated setup automatically projects a structured trade management plan directly onto the chart:

• Protective Stop Loss: Systematically anchored beyond the extreme wick of the weekly liquidity sweep, with a configurable volatility buffer to protect against spread spikes and minor secondary retests.
• TP1 (0.5R): Rapid risk-mitigation milestone designed for early partial profit securing.
• TP2 (0.8R): Balanced continuation milestone capturing early range recovery momentum.
• TP3 (1.2R): Swing target positioned to capture extended rotation toward internal weekly liquidity.
• TP4 (2.0R): Macro expansion target engineered to track full-range rotations across structural extremes.
• Lifecycle Tracking: Real-time on-chart indicators monitor setup progression (Active, TP Hit, SL Hit).

Integrated Functional Modules

1. Multi-Symbol and Multi-Timeframe Scanner

Monitors multiple instruments simultaneously across M15, M30, H1, H4, and D1 without opening multiple charts:

• Active Signal Discovery: Scans and highlights active BUY and SELL setups as weekly extremes are tested.
• Progress Monitor: Tracks the live state of active trade plans (Active, approaching TP, approaching SL).
• Timeframe Confluence: Alerts when lower-timeframe sweep rejections align with higher-timeframe trend context.
• Market Bias Reading: Displays an UP, DOWN, or FLAT reading based on structural range position.
• One-Click Switching: Click any cell on the scanner dashboard to immediately redirect your active chart to that symbol and timeframe.

2. Noise Filtering (Signal Brake Engine)

• Suppresses alternating BUY/SELL signals during choppy consolidation.
• Restricts new signals in the same direction while a prior setup remains actively tracked.
• Enforces a minimum structural R-distance between triggers to prevent signal clustering.

3. On-Chart Historical Backtest Panel

Provides an immediate statistical summary of past signal outcomes directly on your chart:

• Reports hit-rate performance across all target tiers (TP1, TP2, TP3, and TP4).
• Displays total setup count and sample size across the configured historical lookback.
• Identifies optimal historical target levels for the selected asset.
• Note: Backtest metrics represent past price behavior for the active symbol and settings. Past performance does not guarantee future results.

4. Multi-Channel Alert Suite

• MT5 desktop visual pop-ups.
• Audible sound alerts (.wav).
• Instant mobile push notifications via MetaQuotes ID.

5. Optimized Chart Interface

• Three size presets: Small (S), Medium (M), and Large (L).
• One-click minimize and expand controls to keep chart space clutter-free.
• Draggable interface panel that retains its position across timeframe changes.

Recommended Usage and Operating Specifications

• Supported Instruments: Highly liquid assets such as Forex majors, Gold (XAUUSD), and stock index CFDs.
• Recommended Timeframes: M15, M30, H1, and H4 for precise sweep-and-close confirmation relative to weekly levels.
• Platform Compatibility: Fully compatible with MetaTrader 5 on both Hedging and Netting account types.

Support and Free Demo Testing

A functional demo version is available to evaluate directly inside the MetaTrader 5 Strategy Tester prior to purchase.

If you have questions regarding indicator logic, settings, or chart configuration, please send a direct message via my MQL5 profile or comment on the product page.