Intraday NQ Trading with Liquidity Sweeps, Structure Shifts, and Order Blocks
Summary
This intraday strategy combines a daily directional bias with prior-day liquidity levels, swing structure, and order blocks. It tracks sweeps of the previous day's high or low, identifies swing points with a five-bar fractal, and marks a market structure shift when price closes through the latest swing. After a shift, it searches backward for the last opposing candle to define an order block, with optional zone refinement based on candle range and ATR.
Entries are restricted to a specified New York morning window and require the relevant bias, sweep, structure shift, and a return into the order-block zone. The script allows one trade per day, places a stop at the order-block boundary, and sets a take-profit using a configurable reward-to-risk multiple. It is an implementation of a discretionary-style setup rather than evidence of an edge: the document supplies no backtest results, and its performance will depend on chart timeframe, data, and execution assumptions.
Key ideas
- Daily bias is determined by price relative to an EMA or by the previous close relative to that average.
- A sweep occurs when price crosses a previous-day extreme and closes back inside it.
- Five-bar fractals define swing points, and closes through those levels mark structure shifts.
- Order-block zones use the last opposing candle before a qualifying shift and can be refined using ATR.
- Entries require the setup conditions during a limited morning session, with one trade per day and a risk-to-reward target.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.