Detecting Liquidity Sweeps of Trading Session Ranges
Summary
The indicator marks the Asian, London, and New York session ranges, then watches the completed session highs and lows for liquidity sweeps. A sweep occurs when price moves beyond a range boundary and closes back inside it. The document interprets a high sweep as bearish and a low sweep as bullish, with signals confirmed only after a bar closes. It also describes extending session boundaries as dotted lines and optionally stopping surveillance after a first sweep or a close beyond the level.
Session times are set in GMT, with a broker offset detected automatically or entered manually; manual entry is needed in the Strategy Tester. The guide lists display and alert settings and explains how an Expert Advisor can read the indicator’s two signal buffers. It identifies H1 and lower timeframes as supported, with M5 to M30 suggested for clearer ranges. No performance evidence is provided, so the directional interpretations are pattern descriptions rather than validated trading results.
Key ideas
- A session sweep occurs when price crosses a completed session high or low and closes back within the range.
- The indicator marks high sweeps as bearish and low sweeps as bullish after the bar closes.
- Completed session highs and lows can be extended until swept, broken by a close, or reset by the next session.
- Session timing depends on a correctly configured broker offset from GMT.
- Expert Advisors can detect sweep events through separate high-sweep and low-sweep buffers.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.