Get started

Sweep

HTF Liquidity Levels█ OVERVIEW The indicator introduces a new representation of the previous days, weeks, and months highs & lows ( DWM HL ) with a focus on untapped levels. █ CONCEPTS Untapped Levels It is popularly known that the liquidity is located behind swing points or beyond higher time frames highs/lows (in a sense, an intraday swing point is a day high/low). These key areas are said "liquid" because of the accumulation of resting orders, mainly in the form of stop-loss orders. And this more significantly on higher time frames which have more time for stacking orders. As the result, the indicator aims to keep track of untapped levels that have their liquidity states intact. Liquidity Pools Once a liquidity level identified, or better, a cluster of liquidity levels work as magnets for the market. The price is more likely to make its way towards heavier pockets of liquidity, by proximity (the closest liquidity pool), and by difficulty (path with less obstacles). This phenomenon is referred as liquidity run, raid, purge, grab, hunt, sweep, you name it. Consequently, the indicator can help you frame a directional bias during your trading session. █ NOTES Drawings Once a level is tapped, it is highlighted. At the end of each day, all tapped levels are cleared.
Pine Script® indicator
by sbtnc
83
BenTrading bullish trend continuation sweepThis script uses simple features to indicate where a trend may continue. It uses market structures and monitors breaks of swing highs and swing lows. If there is a break upwards, the alert will give signal when there is a sweep that forms in the biased direction (see chart - alert will trigger on candle close). For it to send alerts you must right click the indicator and apply alert - "once per bar". This indicator only shows bullish signals, while there is another indicator that can be used alongside it to indicate bearish trend continuation with the same features.
Pine Script® indicator
by B3nTrading
7
BenTrading bearish trend continuation sweepThis script uses simple features to indicate where a trend may continue. It uses market structures and monitors breaks of swing highs and swing lows. If there is a break downwards, the alert will give signal when there is a sweep that forms in the biased direction (see chart - alert will trigger on candle close). For it to send alerts you must right click the indicator and apply alert - "once per bar". This indicator only shows bearish signals, while there is another indicator that can be used alongside it to indicate bullish trend continuation with the same features.
Pine Script® indicator
by B3nTrading
4
BenTrading - Upsweep+CMThis indicator can gives an alert when a candle purges a 3- or 4-candle swing high but closes below it (1). It can also give an alert when a candle closes below the last 3- or 4-candle swing low prior to the sweep (2). How to: 1. Add indicator to chart chart of your desired timeframe 2. Right click indicator and "add alert 3. Decide the conditions for when you to be alerted (sweep or sweep+CM) and specify to be alerted on "candle close only" 4. Double click the chart and the indicator-window will be closed. (The indicator window has no value and should not be visible/taking up chart space)
Pine Script® indicator
by B3nTrading
BenTrading - Downsweep+CMThis indicator can gives an alert when a candle purges a 3- or 4-candle swing low but closes above it (1). It can also give an alert when a candle closes above the last 3- or 4-candle swing high prior to the sweep (2). How to: 1. Add indicator to chart chart of your desired timeframe 2. Right click indicator and "add alert 3. Decide the conditions for when you to be alerted (sweep or sweep+CM) and specify to be alerted on "candle close only" 4. Double click the chart and the indicator-window will be closed. (The indicator window has no value and should not be visible/taking up chart space)
Pine Script® indicator
by B3nTrading
2