OPEN-SOURCE SCRIPT
Double Sweeps
This is a basic script that shows double sweeps and closes back inside the range of the first candle. Essentially, Candle 1 gets swept, Candle 2 closes back inside candle 1, and then candle 3 sweeps candle 2 and closes back inside candle 1's range. These can be strong reversal signs when used with higher timeframe context.
Two toggleable options are only showing setups that align with the hourly bias and how the previous hourly candle closed.
Other option is to only show setups in the first 20 minutes of a new hourly candle when we are looking for hourly manipulation to end, thus meaning reversal.
DO NOT TRADE THIS MECHANICALLY!
Two toggleable options are only showing setups that align with the hourly bias and how the previous hourly candle closed.
Other option is to only show setups in the first 20 minutes of a new hourly candle when we are looking for hourly manipulation to end, thus meaning reversal.
DO NOT TRADE THIS MECHANICALLY!
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.