Liquidity Sweep Entries with Reclaim, Candle Filters, and Confirmation
Summary
This strategy framework treats recent swing highs and lows as liquidity levels, then looks for price to sweep through a level and reclaim it. Entries are filtered using candle characteristics, including wick and body proportions, minimum range, and optional bullish or bearish body requirements. A trend filter based on an EMA can be enabled, and confirmation must arrive within a limited number of bars after the sweep. The visible settings also allow different pip conventions and control how many prior levels are stored.
The script describes signals as confirmed at bar close and frames its take-profit and stop-loss projections as chart-review aids rather than an execution engine. It notes that when both projected exits occur within one bar, the stop is treated as first. The supplied excerpt ends partway through the input settings and includes no complete entry logic, backtest results, or evidence of profitability, so the precise behavior and effectiveness of the framework cannot be assessed from this material alone.
Key ideas
- Recent swing pivots serve as candidate liquidity levels for sweep detection.
- A sweep must be evaluated for reclaim behavior and candle quality before entry confirmation.
- An optional EMA filter can restrict signals according to local trend direction.
- Entries are only confirmed within a configurable window after a sweep.
- The projected trade outcomes are intended for chart review and do not establish execution performance.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.