Sweep Two Bar Reclaim
- Indicadores
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Ich Khiem Nguyen
👋 Bem-vindo à Alpha On Chart
Estou desenvolvendo a Alpha On Chart como um ecossistema de suporte para traders de XAUUSD e usuários de MT5.
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Section 1: Context and Core Value
Identify Structural Liquidity Sweeps and Confirmed Two-Bar Reclaims
Intraday traders and scalpers frequently encounter a recurring execution dilemma around key price boundaries: price sweeps past an established level, triggers stop orders, and immediately reverses in the opposite direction. Conversely, price breaks above a resistance boundary to trigger breakout entries, only to collapse back into the prior range. These price actions often represent liquidity sweeps that clear stop orders before directional expansion begins. Traders positioned without structural confirmation often face predictable drawdown from these false expansions.
SweepTwoBarReclaim is engineered to identify this dynamic directly on the chart. The algorithm detects when an initial sweep bar penetrates a structural level and a subsequent reclaim bar re-establishes control back inside that boundary, validating that the sweep was an exhaustion or liquidity grab and that a directional reversal has initiated. Low-conviction extensions and consolidation noise are systematically filtered out, providing an objective visual framework centered on verified reversal setups.
The methodology operates during active trading sessions when liquidity and participation expand, delivering consistent structural confirmation across liquid symbols, active instruments, and volatile markets.
Section 2: Entry Logic and Trade Management
Objective Execution and Structured Risk Management
Visual BUY Confirmation:
- The market tests below a prior structural low with an initial sweep bar.
- The subsequent bar decisively reclaims the structural level with a bullish close, confirming buyer control and absorption.
- The indicator confirms the two-bar reclaim pattern and displays a buy signal arrow.
- The signal confirms strictly upon the close of the setup candle, using the open of the subsequent bar as the execution reference.
Visual SELL Confirmation:
- The market tests above a prior structural high with an initial sweep bar.
- The subsequent bar decisively reclaims the structural level with a bearish close, confirming seller control and absorption.
- The indicator confirms the two-bar reclaim pattern and displays a sell signal arrow.
- The signal confirms strictly upon the close of the setup candle, using the open of the subsequent bar as the execution reference.
Structural Stop Loss Placement:
- The indicator automatically projects a protective Stop Loss reference positioned outside the recent structural swing extreme.
- A configurable volatility buffer provides additional distance beyond key pivots to accommodate normal spread variations and short-term market noise.
4 Configurable Profit Targets:
The indicator projects four structured risk-to-reward (R-multiple) levels:
- TP1 (0.5R): Initial objective configured for early partial scale-outs on immediate momentum continuation.
- TP2 (0.8R): Intermediate milestone capturing standard continuation swings.
- TP3 (1.2R): Extended target capturing broader trending impulse waves.
- TP4 (2.0R): Full expansion runner target designed to capture extended directional trend moves.
Closed-Bar Calculation Logic:
- Signals and target levels calculate strictly upon candle close.
- Confirmed markers remain anchored to their original bars without recalculating, shifting, or disappearing on subsequent price action.
All-in-One Trading Toolkit on MT5
Purpose-built framework for systematic two-bar liquidity reclaim validation and structured reversal execution.
Built to support your trading workflow: multi-symbol screening, multi-timeframe confirmation, transparent Entry-SL-TP visual structures, and on-chart historical backtesting.
Multi-Symbol and Multi-Timeframe Scanner
Avoid opening dozens of separate charts.
The integrated MTF SCAN dashboard monitors multiple assets simultaneously across:
M15, M30, H1, H4, D1
Dashboard overview:
- Active Signal Discovery: Shows currently active BUY/SELL setups.
- Signal Status Tracking: Displays basic status of tracked signals (active, near TP, near SL).
- Higher Timeframe Confluence: Highlights when a higher-timeframe trend aligns with a lower-timeframe trigger.
- Market Bias Summary: UP, DOWN, or FLAT reading based on the indicator's own trend filter.
- One-Click Navigation: Click any dashboard cell to switch your active chart to that symbol and timeframe.
Trade Plan Visualization: Entry, Stop Loss and 4-Tier TP Ladder
A full plan displayed on the chart rather than a single alert:
Entry -> Stop Loss -> TP1 -> TP2 -> TP3 -> TP4
- Visual risk/reward zones projected directly onto your candles.
- Basic lifecycle status tracking (Active, TP Hit, SL Hit).
- Non-Repaint Design: Signals lock once the bar closes and do not recalculate, shift, or disappear afterward. This describes the calculation logic only and does not imply any particular outcome.
Signal Filtering (Signal Brake)
Sideways consolidation and two-sided liquidity wicks can generate repeated false signals. The Signal Brake logic is intended to reduce this:
- Limits rapid BUY/SELL flip-flopping in tight consolidation ranges.
- Restricts new same-direction signals while a prior setup is still active.
- Requires a minimum R-distance before the next signal can trigger.
On-Chart Historical Backtest Panel
A built-in panel summarizes how signals performed on historical data for the current settings:
- Historical hit-rate breakdown across TP1, TP2, TP3, and TP4.
- Sample size shown for the configured lookback period.
- Highlights which TP level had the best historical hit-rate for that sample.
- A simple sample-size indicator to help judge statistical relevance.Note: these figures reflect past price data for the tested symbol, timeframe, and settings only. Past results do not guarantee future performance.
Multi-Channel Alerts
Stay informed while away from the chart:
- MT5 Desktop pop-up notifications.
- Audio alerts (.wav).
- Push notifications to the MT5 mobile app via MetaQuotes ID.
Interface
Designed to stay out of the way of your chart:
- 3 size presets: Small (S) / Medium (M) / Large (L).
- One-click minimize and expand toggle.
- Draggable panel that remembers its position across timeframe changes.
Suited For Traders Who Want To:
- Spot liquidity sweep traps and capitalize on confirmed two-bar structural reclaims.
- Avoid getting caught on the wrong side of boundary stop hunts and false breakouts.
- Monitor two-bar reclaim opportunities across multiple symbols and timeframes simultaneously.
- Verify higher-timeframe structural alignment prior to executing lower-timeframe reclaim triggers.
- Apply disciplined risk management with automated structural Stop Loss and 4-tier Take Profit targets.
- Inspect historical setup metrics and sample distribution directly on the live chart.
- Receive instant push notifications on MT5 mobile when qualifying reversal bars close.
Support and Free Trial
A free demo version can be tested in the Strategy Tester and on a demo chart before purchase, through the standard MQL5 Market demo feature.
Want to try the full version before buying? Message me and I'll set you up with a short-term full-feature trial license — just send a message with your account details.
For setup questions or technical support, feel free to send a message through my MQL5 profile.
