Liquidity Sweep Marks Swing Highs and Lows
- Göstergeler
- Sürüm: 1.0
Marks 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.
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.
- 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.
Want more? Liquidity Sweep Zones, from the same author, adds fair value gaps (the empty zones left by fast moves) and alerts: a popup on the screen when a new sweep closes, and an optional push notification to your phone. Find it in the Market: open my profile and press "More from author".
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.
