OPEN-SOURCE SCRIPT
Sweep and Reversal Indicator
Liquidity Sweep Detection
Identifies a wick that sweeps a recent high (for shorts) or low (for longs).
Looks for a quick rejection, meaning the price should return inside the range.
Confirmation of Reversal
The entry signal will be generated when a candle closes back inside the range after the sweep.
Entry & Stop-loss Markers
Entry at the close of the confirmation candle.
Stop-loss above the recent high (for shorts) or below the recent low (for longs).
Identifies a wick that sweeps a recent high (for shorts) or low (for longs).
Looks for a quick rejection, meaning the price should return inside the range.
Confirmation of Reversal
The entry signal will be generated when a candle closes back inside the range after the sweep.
Entry & Stop-loss Markers
Entry at the close of the confirmation candle.
Stop-loss above the recent high (for shorts) or below the recent low (for longs).
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