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4H Sweep Alert by Guhan
4H Sweep Alert Strategy
This indicator generates an alert when a 4-hour candle performs a liquidity sweep of the previous candle and closes strongly in the opposite direction, indicating a potential trend continuation or reversal.
Target
Target- 1:1
Stop loss - Alert candle low
Entry - After the close of the alert candle
Long Alert Conditions
A Buy Alert is triggered only when all of the following conditions are met:
The previous candle is bullish (green).
The previous candle is not a Doji and has a clearly defined body.
The current 4-hour candle sweeps below the previous candle's Low.
The current 4-hour candle closes above the previous candle's High.
The alert is generated only after the candle closes.
Short Alert Conditions
A Sell Alert is triggered only when all of the following conditions are met:
The previous candle is bearish (red).
The previous candle is not a Doji and has a clearly defined body.
The current 4-hour candle sweeps above the previous candle's High.
The current 4-hour candle closes below the previous candle's Low.
The alert is generated only after the candle closes.
Filters
To improve the quality of the alerts, the indicator ignores the following market conditions:
Doji or indecisive previous candles, as they do not represent strong directional intent.
Range-bound or sideways markets, where this pattern has a higher probability of producing false signals.
This setup is designed to perform best in established trending markets, where liquidity sweeps are more likely to result in strong directional moves.
This indicator generates an alert when a 4-hour candle performs a liquidity sweep of the previous candle and closes strongly in the opposite direction, indicating a potential trend continuation or reversal.
Target
Target- 1:1
Stop loss - Alert candle low
Entry - After the close of the alert candle
Long Alert Conditions
A Buy Alert is triggered only when all of the following conditions are met:
The previous candle is bullish (green).
The previous candle is not a Doji and has a clearly defined body.
The current 4-hour candle sweeps below the previous candle's Low.
The current 4-hour candle closes above the previous candle's High.
The alert is generated only after the candle closes.
Short Alert Conditions
A Sell Alert is triggered only when all of the following conditions are met:
The previous candle is bearish (red).
The previous candle is not a Doji and has a clearly defined body.
The current 4-hour candle sweeps above the previous candle's High.
The current 4-hour candle closes below the previous candle's Low.
The alert is generated only after the candle closes.
Filters
To improve the quality of the alerts, the indicator ignores the following market conditions:
Doji or indecisive previous candles, as they do not represent strong directional intent.
Range-bound or sideways markets, where this pattern has a higher probability of producing false signals.
This setup is designed to perform best in established trending markets, where liquidity sweeps are more likely to result in strong directional moves.
オープンソーススクリプト
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免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。
オープンソーススクリプト
TradingViewの精神に則り、このスクリプトの作者はコードをオープンソースとして公開してくれました。トレーダーが内容を確認・検証できるようにという配慮です。作者に拍手を送りましょう！無料で利用できますが、コードの再公開はハウスルールに従う必要があります。
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。