OPEN-SOURCE SCRIPT
Sweep and Reversal Indicator
Liquidity Sweep Detection
Identifies a wick that sweeps a recent high (for shorts) or low (for longs).
Looks for a quick rejection, meaning the price should return inside the range.
Confirmation of Reversal
The entry signal will be generated when a candle closes back inside the range after the sweep.
Entry & Stop-loss Markers
Entry at the close of the confirmation candle.
Stop-loss above the recent high (for shorts) or below the recent low (for longs).
Identifies a wick that sweeps a recent high (for shorts) or low (for longs).
Looks for a quick rejection, meaning the price should return inside the range.
Confirmation of Reversal
The entry signal will be generated when a candle closes back inside the range after the sweep.
Entry & Stop-loss Markers
Entry at the close of the confirmation candle.
Stop-loss above the recent high (for shorts) or below the recent low (for longs).
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.