Liquidity Sweep Marks Swing Highs and Lows
- Indicateurs
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Amedeo Nustriani
MQL5 / MQL4 developer. I build exactly what the specification says, and I
test it before I hand it over.
WHAT I BUILD
Expert Advisors for MT4 and MT5, single or multi-symbol
Custom indicators, scripts, panels
MT4 to MT5 conversion, TradingView (Pine) logic rebuilt in MQL5 - Version: 1.0
Liquidity Sweep Marks shows swing highs and lows, the liquidity levels still untouched, and the moment price takes a level and closes back.
Many traders watch the highs and lows that price comes back to take, but marking them by hand on every chart takes time. This indicator does it for you, on any symbol and any timeframe, and updates on every new candle.
WANT MORE? LIQUIDITY SWEEP ZONES
This is the free edition. Liquidity Sweep Zones, from the same author, uses the same rules and adds:
- Fair value gaps: the empty zones left by fast moves, shown until a candle closes through them. Gap size, number of gaps shown and colors are set in the inputs.
- Alerts: a popup on the screen when a new sweep closes, and an optional push notification to your phone (you set your MetaQuotes ID in MT5).
Find it in the Market: open my profile and press "More from author".
WHAT IT DRAWS
- Liquidity levels: the price of each swing high and swing low that has not been touched yet. A solid line goes to the right, red above the price and green below it.
- Swept levels: when price goes beyond a level and a candle closes back on the other side within a few candles, the level is marked with a dotted line and an arrow on the candle that closed back. Red arrow down for a swept high, green arrow up for a swept low.
HOW THE RULES WORK
- A swing high (low) is a candle higher (lower) than the N candles on its left and not lower (higher) than the N candles on its right. It is known only N candles later, so it never uses future data.
- Everything uses closed candles only. The arrows already drawn do not move. Only the oldest marks drop off the left side of the chart when the "candles analysed" window moves forward.
- All distances are set in the inputs: swing strength, candles analysed, number of levels shown, candles allowed to close back, minimum distance beyond the level, colors.
IMPORTANT
The arrows mark an event: price took a level and came back. They are not buy or sell signals and they do not tell you where price goes next. The indicator does not open or close trades and does not promise any result.
HOW TO USE IT
1. Attach it to any chart (it works on any symbol and timeframe, including gold, forex, indices and crypto).
2. Change the swing strength to see more or fewer levels: a higher value gives fewer and more important levels.
MORE TOOLS FROM THE SAME AUTHOR
Prop Trade Manager Positions Dashboard (free) shows the risk of all your open positions in one table. Prop Trade Manager Starter Panel (free) calculates the lot size from your risk. Find them in the Market: open my profile and press "More from author".
Your feedback matters. If you find it useful, please leave an honest rating and a short comment. Tell me what you would like in the next version.
DISCLAIMER
This is a chart indicator. It is not financial advice, it gives no trading signals and it does not guarantee any result. Trading leveraged products carries a high risk of loss. You are responsible for your own decisions.
