OPEN-SOURCE SCRIPT
Liquidity Sweep + Target
Liquidity Sweep + Target
This indicator detects liquidity sweeps — moments where price wicks beyond a recent swing high or low to trigger stops/liquidity, then closes back inside the range (a classic stop-hunt / SFP pattern). Once a sweep is confirmed, the indicator automatically plots a target level for the expected reversal move.
How it works:
Identifies swing highs and lows using an adjustable pivot lookback.
Bearish Sweep: price wicks above the last swing high but closes back below it → signals potential downside reversal, target plotted below.
Bullish Sweep: price wicks below the last swing low but closes back above it → signals potential upside reversal, target plotted above.
Target calculation: choose between (1) the next opposite-side liquidity level (previous swing point) or (2) a fixed risk:reward multiple of the sweep range — fully configurable in settings.
Features:
Clean sweep labels (bullish/bearish) plotted directly on the chart
Dashed target lines with price labels
Adjustable pivot sensitivity, wick threshold, and RR multiple
Built-in alert conditions for both bullish and bearish sweeps
How to use it:
Wait for a sweep label to print, then look for confirmation (structure shift, momentum candle, or your own entry trigger) before acting on the plotted target. This tool identifies liquidity grabs — it does not predict direction with certainty, so always combine with proper risk management.
This indicator detects liquidity sweeps — moments where price wicks beyond a recent swing high or low to trigger stops/liquidity, then closes back inside the range (a classic stop-hunt / SFP pattern). Once a sweep is confirmed, the indicator automatically plots a target level for the expected reversal move.
How it works:
Identifies swing highs and lows using an adjustable pivot lookback.
Bearish Sweep: price wicks above the last swing high but closes back below it → signals potential downside reversal, target plotted below.
Bullish Sweep: price wicks below the last swing low but closes back above it → signals potential upside reversal, target plotted above.
Target calculation: choose between (1) the next opposite-side liquidity level (previous swing point) or (2) a fixed risk:reward multiple of the sweep range — fully configurable in settings.
Features:
Clean sweep labels (bullish/bearish) plotted directly on the chart
Dashed target lines with price labels
Adjustable pivot sensitivity, wick threshold, and RR multiple
Built-in alert conditions for both bullish and bearish sweeps
How to use it:
Wait for a sweep label to print, then look for confirmation (structure shift, momentum candle, or your own entry trigger) before acting on the plotted target. This tool identifies liquidity grabs — it does not predict direction with certainty, so always combine with proper risk management.
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.
t.me/ExpertTrading_Signals
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exness broker one.exnessonelink.com/a/g8y6w860c5
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Get daily high-quality Forex, Gold & Crypto trading signals designed to help you trade with confidence.
exness broker one.exnessonelink.com/a/g8y6w860c5
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.
t.me/ExpertTrading_Signals
📈 Join Our Official Telegram Channel!
Get daily high-quality Forex, Gold & Crypto trading signals designed to help you trade with confidence.
exness broker one.exnessonelink.com/a/g8y6w860c5
📈 Join Our Official Telegram Channel!
Get daily high-quality Forex, Gold & Crypto trading signals designed to help you trade with confidence.
exness broker one.exnessonelink.com/a/g8y6w860c5
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.