OPEN-SOURCE SCRIPT
Fisher Sweep Trap [ZOM]
Fisher Sweep Trap [ZOM] is a clean liquidity-sweep reversal overlay built to spot failed breakout conditions around recent Donchian structure.
The script watches for price to sweep above or below a prior range, reject with an ATR-normalized wick, and then score the setup with Fisher Transform pressure, Money Flow Index exhaustion, and optional EMA bias context. The result is a practical failed-breakout / trap signal tool that shows both early watch conditions and stronger confirmed trap signals.
What it uses:
- Donchian high/low sweep context
- ATR-normalized wick rejection
- Ehlers-style Fisher Transform pressure and snapback
- Money Flow Index exhaustion or turn behavior
- Optional EMA bias scoring
- Signal Mode: Early, Balanced, Strict
- Price-locked watch dots and confirmed crosses
Signal logic:
- Amber watch dots mark sweep-rejection setups that are forming but not fully confirmed.
- Teal confirmed crosses mark bullish sweep traps.
- Coral confirmed crosses mark bearish sweep traps.
- A cooldown filter helps reduce repeated signals during noisy chop.
Best use cases:
- Futures such as ES, NQ, YM, and RTY
- Crypto pairs such as BTCUSD and ETHUSD
- Forex majors
- Liquid equities and ETFs
- Intraday failed breakout, liquidity sweep, and stop-run reversal review
Visuals:
The default Slate Ember template uses a subtle Donchian sweep zone with small amber watch markers and stronger teal/coral confirmation markers. All markers are plotted as price-series outputs so they stay attached to chart time and price while panning or zooming.
This script is not a prediction engine. It is a context and confirmation tool for traders studying failed breakouts, liquidity sweeps, wick rejection, and trap-style reversals.
Open-source Pine Script by ZenOutMan.
Keywords: liquidity sweep indicator, failed breakout, bull trap, bear trap, Fisher Transform, Money Flow Index, Donchian channel, wick rejection, TradingView overlay, futures trading, crypto indicator, forex indicator, Pine Script, ZOM.
The script watches for price to sweep above or below a prior range, reject with an ATR-normalized wick, and then score the setup with Fisher Transform pressure, Money Flow Index exhaustion, and optional EMA bias context. The result is a practical failed-breakout / trap signal tool that shows both early watch conditions and stronger confirmed trap signals.
What it uses:
- Donchian high/low sweep context
- ATR-normalized wick rejection
- Ehlers-style Fisher Transform pressure and snapback
- Money Flow Index exhaustion or turn behavior
- Optional EMA bias scoring
- Signal Mode: Early, Balanced, Strict
- Price-locked watch dots and confirmed crosses
Signal logic:
- Amber watch dots mark sweep-rejection setups that are forming but not fully confirmed.
- Teal confirmed crosses mark bullish sweep traps.
- Coral confirmed crosses mark bearish sweep traps.
- A cooldown filter helps reduce repeated signals during noisy chop.
Best use cases:
- Futures such as ES, NQ, YM, and RTY
- Crypto pairs such as BTCUSD and ETHUSD
- Forex majors
- Liquid equities and ETFs
- Intraday failed breakout, liquidity sweep, and stop-run reversal review
Visuals:
The default Slate Ember template uses a subtle Donchian sweep zone with small amber watch markers and stronger teal/coral confirmation markers. All markers are plotted as price-series outputs so they stay attached to chart time and price while panning or zooming.
This script is not a prediction engine. It is a context and confirmation tool for traders studying failed breakouts, liquidity sweeps, wick rejection, and trap-style reversals.
Open-source Pine Script by ZenOutMan.
Keywords: liquidity sweep indicator, failed breakout, bull trap, bear trap, Fisher Transform, Money Flow Index, Donchian channel, wick rejection, TradingView overlay, futures trading, crypto indicator, forex indicator, Pine Script, ZOM.
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.