OPEN-SOURCE SCRIPT
Updated Monday Liquidity Sweep - WolfWeb
⚡ 1. Liquidity Sweep Parameters (Wick-Extreme Logic)
These settings determine when the strategy detects a liquidity sweep through Monday’s high/low.
liqPct — Liquidity Sweep % of Wick Extreme
Default: 0.0002 (0.02%)
Minimum size the wick must extend above Monday’s high or below Monday’s low
Prevents tiny wiggles from counting as sweeps
Example:
If the sweep high (after Monday) is 1.20000
→ Wick must extend at least 1.20000 × 0.0002 = 0.00024 (2.4 pips)
maxWickPct — Max Wick % Allowed
Default: 0.0025 (0.25%)
If the wick is too big, it’s considered inefficient/noisy and skipped
Avoids entering after huge spikes that aren’t real liquidity grabs
slPct — SL Offset % of Wick Extreme
Default: 0.0002 (0.02%)
Stop loss is placed beyond the sweep wick by this percentage
Prevents immediate stop-outs from tiny spread/noise beyond the sweep point
Short example:
SL = wickHighExtreme + (wickHighExtreme × slPct)
Long example:
SL = wickLowExtreme – (wickLowExtreme × slPct)
⚡ 2. Risk Management Settings
riskUsd — Fixed Dollar Risk per Trade
Default: $100
Strategy automatically adjusts position size so that
max loss = $100
Regardless of SL distance, your dollar risk stays constant
rr — Reward/Risk Ratio (used for one TP scenario)
Default: 3.5
Minimum R multiple the strategy tries to achieve
If Monday range TP is smaller, strategy takes the larger TP
tpRangePct — TP % of Monday Range
Default: 130%
Final TP = max( 3.5R , 130% of Monday range )
Why?
Because sometimes Monday range is wide, and 3R is not enough contextually.
Examples:
Monday range = 50 pips → TP = 65 pips (because 130% > 3.5R? depends on risk)
Monday range = 10 pips → TP = whichever is larger (usually 3.5R)
This makes the strategy adapt to volatility differences week by week.
⚡ 3. Break-Even System (Two Conditions)
You have two independent BE triggers. If either hits, SL moves to a safe level.
BE Trigger Condition 1:
beRRTrigger — Break-Even Trigger in R Multiples
Default: 1.5
When the trade reaches +1.5R profit, we activate break-even logic.
BE Trigger Condition 2:
beBars — Break-Even After N Candles
Default: 24 bars
If trade doesn’t hit 1.5R but stays open long enough (24 candles),
SL moves to a break-even location.
This prevents trades from floating too long and reversing violently.
beLockFraction — Lock-In Fraction After BE
Default: 0.1
Meaning:
Once BE is triggered, SL moves to lock in 10% of the initial risk as profit.
Example:
Initial risk (entry→SL) = 20 pips
Lock fraction 0.1 → lock in 2 pips profit after BE activation.
This avoids pure breakeven (0 profit), which often gets wicked out.
⚡ 4. Monday + Time Logic
hourShift — Monday Start Shift
Default: 7 hours
Used to shift Monday start earlier/later depending on broker
Many forex brokers start the week late (Sunday evening).
This fixes the Monday box to real market structure.
Monday Box & Range
Strategy tracks Monday High & Low
Draws a box ONLY for Monday
Sweeps must occur after Monday
Entries must be back into the Monday range on next candle
⚡ 5. Session & Close Logic
nyOpenHour — New York Session Start Hour
Default: 14 (2 PM exchange time)
Friday Auto-Close
Any open trade is closed on Friday at:
NY Open + 2 hours
So with NY at 14 → auto-close at 16 (4 PM).
This protects from weekend gaps.
⚡ 6. Entry Mode
entryMode — “Tuesday Only” or “One Trade Per Week”
Tuesday Only → Strategy only enters on Tuesday
One Trade Per Week → Can enter any day after Monday, but only once per week
These settings determine when the strategy detects a liquidity sweep through Monday’s high/low.
liqPct — Liquidity Sweep % of Wick Extreme
Default: 0.0002 (0.02%)
Minimum size the wick must extend above Monday’s high or below Monday’s low
Prevents tiny wiggles from counting as sweeps
Example:
If the sweep high (after Monday) is 1.20000
→ Wick must extend at least 1.20000 × 0.0002 = 0.00024 (2.4 pips)
maxWickPct — Max Wick % Allowed
Default: 0.0025 (0.25%)
If the wick is too big, it’s considered inefficient/noisy and skipped
Avoids entering after huge spikes that aren’t real liquidity grabs
slPct — SL Offset % of Wick Extreme
Default: 0.0002 (0.02%)
Stop loss is placed beyond the sweep wick by this percentage
Prevents immediate stop-outs from tiny spread/noise beyond the sweep point
Short example:
SL = wickHighExtreme + (wickHighExtreme × slPct)
Long example:
SL = wickLowExtreme – (wickLowExtreme × slPct)
⚡ 2. Risk Management Settings
riskUsd — Fixed Dollar Risk per Trade
Default: $100
Strategy automatically adjusts position size so that
max loss = $100
Regardless of SL distance, your dollar risk stays constant
rr — Reward/Risk Ratio (used for one TP scenario)
Default: 3.5
Minimum R multiple the strategy tries to achieve
If Monday range TP is smaller, strategy takes the larger TP
tpRangePct — TP % of Monday Range
Default: 130%
Final TP = max( 3.5R , 130% of Monday range )
Why?
Because sometimes Monday range is wide, and 3R is not enough contextually.
Examples:
Monday range = 50 pips → TP = 65 pips (because 130% > 3.5R? depends on risk)
Monday range = 10 pips → TP = whichever is larger (usually 3.5R)
This makes the strategy adapt to volatility differences week by week.
⚡ 3. Break-Even System (Two Conditions)
You have two independent BE triggers. If either hits, SL moves to a safe level.
BE Trigger Condition 1:
beRRTrigger — Break-Even Trigger in R Multiples
Default: 1.5
When the trade reaches +1.5R profit, we activate break-even logic.
BE Trigger Condition 2:
beBars — Break-Even After N Candles
Default: 24 bars
If trade doesn’t hit 1.5R but stays open long enough (24 candles),
SL moves to a break-even location.
This prevents trades from floating too long and reversing violently.
beLockFraction — Lock-In Fraction After BE
Default: 0.1
Meaning:
Once BE is triggered, SL moves to lock in 10% of the initial risk as profit.
Example:
Initial risk (entry→SL) = 20 pips
Lock fraction 0.1 → lock in 2 pips profit after BE activation.
This avoids pure breakeven (0 profit), which often gets wicked out.
⚡ 4. Monday + Time Logic
hourShift — Monday Start Shift
Default: 7 hours
Used to shift Monday start earlier/later depending on broker
Many forex brokers start the week late (Sunday evening).
This fixes the Monday box to real market structure.
Monday Box & Range
Strategy tracks Monday High & Low
Draws a box ONLY for Monday
Sweeps must occur after Monday
Entries must be back into the Monday range on next candle
⚡ 5. Session & Close Logic
nyOpenHour — New York Session Start Hour
Default: 14 (2 PM exchange time)
Friday Auto-Close
Any open trade is closed on Friday at:
NY Open + 2 hours
So with NY at 14 → auto-close at 16 (4 PM).
This protects from weekend gaps.
⚡ 6. Entry Mode
entryMode — “Tuesday Only” or “One Trade Per Week”
Tuesday Only → Strategy only enters on Tuesday
One Trade Per Week → Can enter any day after Monday, but only once per week
Release Notes
⚡ 1. Liquidity Sweep Parameters (Wick-Extreme Logic)These settings determine when the strategy detects a liquidity sweep through Monday’s high/low.
liqPct — Liquidity Sweep % of Wick Extreme
Default: 0.0002 (0.02%)
Minimum size the wick must extend above Monday’s high or below Monday’s low
Prevents tiny wiggles from counting as sweeps
Example:
If the sweep high (after Monday) is 1.20000
→ Wick must extend at least 1.20000 × 0.0002 = 0.00024 (2.4 pips)
maxWickPct — Max Wick % Allowed
Default: 0.0025 (0.25%)
If the wick is too big, it’s considered inefficient/noisy and skipped
Avoids entering after huge spikes that aren’t real liquidity grabs
slPct — SL Offset % of Wick Extreme
Default: 0.0002 (0.02%)
Stop loss is placed beyond the sweep wick by this percentage
Prevents immediate stop-outs from tiny spread/noise beyond the sweep point
Short example:
SL = wickHighExtreme + (wickHighExtreme × slPct)
Long example:
SL = wickLowExtreme – (wickLowExtreme × slPct)
⚡ 2. Risk Management Settings
riskUsd — Fixed Dollar Risk per Trade
Default: $100
Strategy automatically adjusts position size so that
max loss = $100
Regardless of SL distance, your dollar risk stays constant
rr — Reward/Risk Ratio (used for one TP scenario)
Default: 3.5
Minimum R multiple the strategy tries to achieve
If Monday range TP is smaller, strategy takes the larger TP
tpRangePct — TP % of Monday Range
Default: 130%
Final TP = max( 3.5R , 130% of Monday range )
Why?
Because sometimes Monday range is wide, and 3R is not enough contextually.
Examples:
Monday range = 50 pips → TP = 65 pips (because 130% > 3.5R? depends on risk)
Monday range = 10 pips → TP = whichever is larger (usually 3.5R)
This makes the strategy adapt to volatility differences week by week.
⚡ 3. Break-Even System (Two Conditions)
You have two independent BE triggers. If either hits, SL moves to a safe level.
BE Trigger Condition 1:
beRRTrigger — Break-Even Trigger in R Multiples
Default: 3
When the trade reaches +3R profit, we activate break-even logic.
BE Trigger Condition 2:
beBars — Break-Even After N Candles
Default: 24 bars
If trade doesn’t hit 3R but stays open long enough (24 candles),
SL moves to a break-even location.
This prevents trades from floating too long and reversing violently.
beLockFraction — Lock-In Fraction After BE
Default: 2
Meaning:
Once BE is triggered, SL moves to lock in 200% of the initial risk as profit.
Example:
Initial risk (entry→SL) = 20 pips
Lock fraction 0.1 → lock in 2 pips profit after BE activation.
This avoids pure breakeven (0 profit), which often gets wicked out.
⚡ 4. Monday + Time Logic
hourShift — Monday Start Shift
Default: 7 hours
Used to shift Monday start earlier/later depending on broker
Many forex brokers start the week late (Sunday evening).
This fixes the Monday box to real market structure.
Monday Box & Range
Strategy tracks Monday High & Low
Draws a box ONLY for Monday
Sweeps must occur after Monday
Entries must be back into the Monday range on next candle
⚡ 5. Session & Close Logic
nyOpenHour — New York Session Start Hour
Default: 14 (2 PM exchange time)
Friday Auto-Close
Any open trade is closed on Friday at:
NY Open + 2 hours
So with NY at 14 → auto-close at 16 (4 PM).
This protects from weekend gaps.
⚡ 6. Entry Mode
entryMode — “Tuesday Only” or “One Trade Per Week”
Tuesday Only → Strategy only enters on Tuesday
One Trade Per Week → Can enter any day after Monday, but only once per week
Release Notes
🟦 1. Liquidity Sweep FiltersliqPct Minimum wick extension beyond Monday extreme
maxWickPct Maximum allowed sweep wick size
slPct SL offset beyond wick extreme
🟦 2. Risk & TP
rr Base RR target (only chosen if bigger than Monday Range TP)
tpRangePct TP = % of Monday range (chosen if > RR target)
riskUsd Fixed $ risk per trade
hourShift Defines real Monday based on broker offset
🟦 3. Entry Mode
entryMode Only Tuesday entries, or one entry per week
🟦 4. Profit Lock System
Input Meaning
lockProfitAt Trigger lock when trade reaches this many R (e.g., 5R)
lockFraction Set SL to +X R when price lock triggers
lockBars After N bars, time-lock activates
fixedTimeLock SL = entry ± (timeLock * R) after N bars
✔ Price lock (e.g., 5R) moves SL to +3.5R
✔ Time lock (e.g., 12 bars) moves SL to +0.1R
🟦 5. Friday Close
Input Meaning
fridayCloseHour Hour to auto-close trade
fridayCloseMinute Minute to close trade
Uses same time shift as Monday detection for consistency.
Release Notes
OVERVIEWYour strategy trades a Monday liquidity sweep pattern:
Wait for Monday high/low to form.
After Monday ends, detect price wicking outside Monday’s high or low.
Confirm a liquidity sweep using wick size and percentage thresholds.
Wait for price to return inside the Monday range → entry signal.
Open a trade with dollar-based risk (using pip value).
Immediately place SL and TP using RR or Monday range.
Manage trade with profit lock logic.
Force-close all trades at a custom Friday broker time.
Generate alerts for entries and lock events.
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.
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.
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.