B A N K $ - Breaks & Sweeps

This indicator automatically maps on Breaks of Structure & Liquidity Sweeps. It works by calculating pivot points based on how many candles are above/below either side of a pivot.

The user can manually set how many candles need to be above/below either side of a pivot if they would prefer to change it.

The indicator will dynamically adjust the lines as the user changes timeframe to allow for seamless analysis.

Features

• Break of Structure lines
  
• Liquidity Sweep lines
  
• Dealing Range - this allows the user to visualise the current dealing range
  

Explanation
A sweep is determined by whether a candle closes through a pivot point with a body closure or not. If the candle wicks this level but fails to close through it, the line will turn red to indicate a liquidity sweep.

If the following 3 candles go on to close through the break line, this will then update it from a red sweep line to the normal break line again. (sometimes the initial candle that touches a level will not close through it but price will continue to break that level in the next few candles).