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.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.