OPEN-SOURCE SCRIPT
Liquidity Sweep Pro [Whale Edition]
Liquidity Sweep Pro [Whale Edition] is a next-generation trading tool that bridges the gap between Smart Money Concepts (SMC) and Quantitative Volume Analysis.
Traditional "Liquidity Sweep" indicators often generate false signals by marking every wick crossover as a trade setup. This indicator solves that problem by filtering setups through a Quant VSA Engine. It asks not just "Did price sweep a level?" but "Was there institutional money behind this move?"
🔬 How It Works
The indicator operates on three synchronized layers:
1. Market Structure (Liquidity Pools) It automatically identifies key pivot points where retail Stop Losses are likely clustered:
Buy Side Liquidity (BSL): Areas above swing highs.
Sell Side Liquidity (SSL): Areas below swing lows.
2. The Quant Engine (Whale Detection) Instead of using simple volume averages, we apply statistical modeling to detect anomalies:
Log-Normal Z-Score: Normalizes volume data to detect statistically significant outliers (Sigma > 2.5). This adapts to market volatility, filtering out noise.
Kaufman Efficiency Ratio (KER): Analyzes the quality of price movement to classify the "Whale" type:
❄️ Absorption (Iceberg): High Volume + Low Price Movement. Signals a potential reversal.
🚀 Propulsion (Drive): High Volume + High Price Efficiency. Signals an aggressive breakout.
3. The Trigger (Smart Entry) A trade signal is generated ONLY when:
Price sweeps a liquidity level (wicking below/above).
Price closes back within the range.
Institutional Activity is confirmed (High Z-Score Volume).
Trend (EMA 200) and Momentum (RSI) filters are aligned.
🛡️ Features
Intrabar Analysis: Uses request.security_lower_tf to analyze the internal volume delta of the candle for maximum precision.
Automated Risk Management: Plots Entry, Take Profit, and Stop Loss levels directly on the chart based on ATR (Average True Range) and your preferred Risk:Reward ratio.
Unified Alerts: Includes a single "ANY SWEEP" alert condition, allowing you to monitor both Long and Short setups with just one TradingView alert.
Visual Classification: Candles with institutional activity are marked with a 🐋 symbol, even if no sweep occurs, helping you read the narrative.
⚙️ Best Settings & Usage
Timeframes: Works best on 15m, 1h, and 4h charts.
LTF Interval (Input): This is crucial.
If trading on the 1h chart, set LTF to 1 minute.
If trading on the 4h chart, set LTF to 5 minutes.
Whale Threshold: Default is 2.5 Sigma. Increase to 3.0 for fewer, higher-confidence signals, or decrease to 2.0 for more frequency.
⚠️ Disclaimer
This tool is for educational purposes only. It identifies statistical probabilities, not certainties. Always manage your risk and do not rely solely on one indicator.
Traditional "Liquidity Sweep" indicators often generate false signals by marking every wick crossover as a trade setup. This indicator solves that problem by filtering setups through a Quant VSA Engine. It asks not just "Did price sweep a level?" but "Was there institutional money behind this move?"
🔬 How It Works
The indicator operates on three synchronized layers:
1. Market Structure (Liquidity Pools) It automatically identifies key pivot points where retail Stop Losses are likely clustered:
Buy Side Liquidity (BSL): Areas above swing highs.
Sell Side Liquidity (SSL): Areas below swing lows.
2. The Quant Engine (Whale Detection) Instead of using simple volume averages, we apply statistical modeling to detect anomalies:
Log-Normal Z-Score: Normalizes volume data to detect statistically significant outliers (Sigma > 2.5). This adapts to market volatility, filtering out noise.
Kaufman Efficiency Ratio (KER): Analyzes the quality of price movement to classify the "Whale" type:
❄️ Absorption (Iceberg): High Volume + Low Price Movement. Signals a potential reversal.
🚀 Propulsion (Drive): High Volume + High Price Efficiency. Signals an aggressive breakout.
3. The Trigger (Smart Entry) A trade signal is generated ONLY when:
Price sweeps a liquidity level (wicking below/above).
Price closes back within the range.
Institutional Activity is confirmed (High Z-Score Volume).
Trend (EMA 200) and Momentum (RSI) filters are aligned.
🛡️ Features
Intrabar Analysis: Uses request.security_lower_tf to analyze the internal volume delta of the candle for maximum precision.
Automated Risk Management: Plots Entry, Take Profit, and Stop Loss levels directly on the chart based on ATR (Average True Range) and your preferred Risk:Reward ratio.
Unified Alerts: Includes a single "ANY SWEEP" alert condition, allowing you to monitor both Long and Short setups with just one TradingView alert.
Visual Classification: Candles with institutional activity are marked with a 🐋 symbol, even if no sweep occurs, helping you read the narrative.
⚙️ Best Settings & Usage
Timeframes: Works best on 15m, 1h, and 4h charts.
LTF Interval (Input): This is crucial.
If trading on the 1h chart, set LTF to 1 minute.
If trading on the 4h chart, set LTF to 5 minutes.
Whale Threshold: Default is 2.5 Sigma. Increase to 3.0 for fewer, higher-confidence signals, or decrease to 2.0 for more frequency.
⚠️ Disclaimer
This tool is for educational purposes only. It identifies statistical probabilities, not certainties. Always manage your risk and do not rely solely on one indicator.
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.