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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.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.