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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.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.