Daily Liquidity Sweeps of Session, Swing, and Prior-Day Levels

Summary

This strategy looks for price to move beyond a reference high or low and then close back inside that level, treating the reversal as a possible liquidity sweep. Reference levels include the Asian session range, optionally the London range and recent swing extremes, and the previous day's high and low. Entries are restricted to a configurable UTC window, and the script can display session ranges and entry labels.

Stops sit beyond the sweep bar's wick with a configurable buffer. Position quantity is calculated from account equity and a risk percentage, while two risk-multiple targets support partial and further exits; a time-based hard exit can close remaining positions. The document explains these rules but contains a placeholder instead of backtest statistics, so it offers no measured evidence of performance. Results would depend on instrument, timeframe, fill assumptions, costs, and the chosen session and risk settings. The description also cautions that simulated results omit real execution effects and changing market conditions.

Key ideas

• A sweep signal occurs when price crosses a reference level and closes back inside it.
• Reference levels can come from Asian and London ranges, prior-day extremes, or recent swing highs and lows.
• Stops are buffered beyond the sweep wick, and two risk-multiple targets manage exits.
• Position size is based on account equity and a configured risk percentage.
• The document provides no completed performance summary, leaving the strategy's efficacy unsubstantiated.

Tags

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