Pivot Liquidity Sweep + Signals

8 thg 10, 2024

Core Functionalities:

Sweep Signals:

The indicator identifies sweeps of liquidity by detecting when price exceeds recent pivot highs (swing highs) or pivot lows (swing lows) and then reverses direction. It draws attention to these scenarios by labeling them on the chart.

For bullish sweep signals, the entry point is the closing price of the sweep candle, with the stop loss placed at the highest point between the sweep candle and the previous candle.

For bearish sweeps, the entry point is similarly identified, with the stop loss being the lowest price of the sweep candle and the candle before it. The profit target is dynamically set to the low or high of the closest valid pivot depending on the direction of the trade.

Rejection Signals:

Rejection signals are identified when price attempts to break a pivot high or low but fails, causing a rejection.

Bullish rejections involve price trying to break a pivot low but closing back above it, indicating potential for a bounce.

Bearish rejections follow a similar pattern, with price attempting to break a pivot high but failing to hold above it, signaling a potential bearish move.

High-Precision Intrabar Data:

The "Intrabar Precision" feature allows the indicator to use lower timeframe data to accurately plot sweeps and rejections, providing traders with precise entry and exit points.

The intrabar settings are particularly useful for traders looking for high-precision trades, such as scalpers who want to capture small yet consistent moves.

ATR and Percentage-Based Filters:

The indicator allows for customizable filters to ensure signals meet certain thresholds before being validated. Traders can use ATR (Average True Range) or percentage-based conditions to filter out low-quality signals, ensuring that the trades captured have enough volatility or price movement potential.

Dashboard:

The built-in dashboard provides a quick overview of trades executed using the indicator, displaying metrics such as the total number of sweep and rejection trades, their success rates, and total profit in points.

The dashboard is color-coded for easy reading and offers traders insights into the overall performance of their strategy, helping with ongoing evaluation and optimization.

Labeling and Alerts:

Every time a sweep or rejection signal is detected, the indicator automatically labels the chart to help traders quickly identify the trading opportunities.

Alerts are also generated for each trading signal, providing the trader with real-time notifications, which can be useful for those who are not constantly monitoring their charts.

Stop Loss and Target Adaptation:

The stop loss levels are adjusted dynamically based on the recent pivot points, and the target profit is derived from valid subsequent pivot levels to ensure realistic and efficient trade exits.

14 thg 10, 2024

Phát hành các Ghi chú

Core Functionalities:

Sweep Signals:

The indicator identifies sweeps of liquidity by detecting when price exceeds recent pivot highs (swing highs) or pivot lows (swing lows) and then reverses direction. It draws attention to these scenarios by labeling them on the chart.

For bullish sweep signals, the entry point is the closing price of the sweep candle, with the stop loss placed at the highest point between the sweep candle and the previous candle.

For bearish sweeps, the entry point is similarly identified, with the stop loss being the lowest price of the sweep candle and the candle before it. The profit target is dynamically set to the low or high of the closest valid pivot depending on the direction of the trade.

Rejection Signals:

Rejection signals are identified when price attempts to break a pivot high or low but fails, causing a rejection.

Bullish rejections involve price trying to break a pivot low but closing back above it, indicating potential for a bounce.

Bearish rejections follow a similar pattern, with price attempting to break a pivot high but failing to hold above it, signaling a potential bearish move.

High-Precision Intrabar Data:

The "Intrabar Precision" feature allows the indicator to use lower timeframe data to accurately plot sweeps and rejections, providing traders with precise entry and exit points.

The intrabar settings are particularly useful for traders looking for high-precision trades, such as scalpers who want to capture small yet consistent moves.

ATR and Percentage-Based Filters:

The indicator allows for customizable filters to ensure signals meet certain thresholds before being validated. Traders can use ATR (Average True Range) or percentage-based conditions to filter out low-quality signals, ensuring that the trades captured have enough volatility or price movement potential.

Dashboard:

The built-in dashboard provides a quick overview of trades executed using the indicator, displaying metrics such as the total number of sweep and rejection trades, their success rates, and total profit in points.

The dashboard is color-coded for easy reading and offers traders insights into the overall performance of their strategy, helping with ongoing evaluation and optimization.

Labeling and Alerts:

Every time a sweep or rejection signal is detected, the indicator automatically labels the chart to help traders quickly identify the trading opportunities.

Alerts are also generated for each trading signal, providing the trader with real-time notifications, which can be useful for those who are not constantly monitoring their charts.

Stop Loss and Target Adaptation:

The stop loss levels are adjusted dynamically based on the recent pivot points, and the target profit is derived from valid subsequent pivot levels to ensure realistic and efficient trade exits.