Daily Liquidity Sweeps Across Session and Prior-Day Levels

Summary

This script describes an intraday reversal strategy based on price briefly moving beyond a reference high or low and closing back inside it. It checks the completed Asian and London session ranges, the previous day’s high and low, and recent swing highs and lows. A sweep below a level can trigger a long signal, while a sweep above can trigger a short signal, subject to a configurable UTC trading window.

The visible source is truncated after the trade-state declarations, so the actual order management, stop placement, profit targets, and exit behavior cannot be assessed. The header shows configurable risk and reward settings, partial profit-taking inputs, and execution assumptions such as commission and slippage, but does not provide results or explain how those inputs are applied. The document therefore supports understanding the entry concept, not judging strategy performance or implementation details.

Key ideas

• A sweep signal occurs when price crosses a reference level and closes back on its original side.
• Long and short signals use lows and highs, respectively, from session ranges, the prior day, or recent swings.
• Session definitions and the eligible UTC trading window constrain when signals can occur.
• The source is incomplete, leaving trade exits and realized performance unknown.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.