OPEN-SOURCE SCRIPT
Sweep and Engulf Strategy

The Sweep and Engulf Strategy identifies high-momentum price action setups where price sweeps the previous candle’s high or low and then reverses strongly enough to close through the opposite side of that candle.
A Bullish Sweep occurs when price trades below the previous candle’s low and then closes above its high. A Bearish Sweep occurs when price trades above the previous candle’s high and then closes below its low.
The strategy includes an optional Invert Mode, allowing signals to be traded in the opposite direction for testing reversal and exhaustion behavior.
Key Features
Bullish and bearish liquidity sweep detection
Full previous-candle engulf confirmation
Optional 200 EMA trend filter with adjustable EMA length
Optional previous-candle direction filtering
Standard or inverted trade signals
ATR-based or signal candle high/low stop losses
Adjustable ATR stop multiplier
Customizable risk-to-reward targets
Automatic entry, stop-loss and take-profit calculations
Visual green take-profit and red stop-loss zones
Long and short signal markers directly on the chart
Strategy Tester compatible for historical backtesting
The indicator is designed to combine liquidity sweeps, candle confirmation and structured risk management into a simple visual trading system.
All settings can be adjusted to fit different markets, timeframes and trading styles.
Note: This tool is intended for analysis and backtesting purposes. Past performance does not guarantee future results.
A Bullish Sweep occurs when price trades below the previous candle’s low and then closes above its high. A Bearish Sweep occurs when price trades above the previous candle’s high and then closes below its low.
The strategy includes an optional Invert Mode, allowing signals to be traded in the opposite direction for testing reversal and exhaustion behavior.
Key Features
Bullish and bearish liquidity sweep detection
Full previous-candle engulf confirmation
Optional 200 EMA trend filter with adjustable EMA length
Optional previous-candle direction filtering
Standard or inverted trade signals
ATR-based or signal candle high/low stop losses
Adjustable ATR stop multiplier
Customizable risk-to-reward targets
Automatic entry, stop-loss and take-profit calculations
Visual green take-profit and red stop-loss zones
Long and short signal markers directly on the chart
Strategy Tester compatible for historical backtesting
The indicator is designed to combine liquidity sweeps, candle confirmation and structured risk management into a simple visual trading system.
All settings can be adjusted to fit different markets, timeframes and trading styles.
Note: This tool is intended for analysis and backtesting purposes. Past performance does not guarantee future results.
开源脚本
秉承TradingView的精神,该脚本的作者将其开源,以便交易者可以查看和验证其功能。向作者致敬!您可以免费使用该脚本,但请记住,重新发布代码须遵守我们的网站规则。
免责声明
这些信息和出版物并非旨在提供,也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
开源脚本
秉承TradingView的精神,该脚本的作者将其开源,以便交易者可以查看和验证其功能。向作者致敬!您可以免费使用该脚本,但请记住,重新发布代码须遵守我们的网站规则。
免责声明
这些信息和出版物并非旨在提供,也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。