Liquidity Sweep Scalp Strategy with Reclaim Filters and ATR Stops

Summary

This five-minute scalping strategy centers on a new lowest-low sweep followed by a reclaim as long-entry context. It detects swing structure using configurable pivots and can use either candle wicks or bodies. Optional filters account for clustered sweeps, reclaim context, a delay after sweep candles, relative volume, and volume on the sweep bar. A trend mode can restrict trades by an EMA, while CHOP mode permits both directions.

Risk and trade handling are configurable: stops use either a fixed tick buffer or an ATR-based buffer, and targets can be set by risk multiple or fixed percentage. The script also offers close-confirmed or intrabar signals, a cooldown, a manual close control, and a recent-hours trading window. Its displayed empirical probability uses closed-trade outcomes, while the drift-volatility option depends on model assumptions. The supplied excerpt does not include full entry and exit logic or backtest results, so it does not establish profitability or performance across markets.

Key ideas

• A long setup can require a fresh lowest-low sweep followed by price reclaiming the prior level.
• Sweep clustering, reclaim context, and a post-sweep delay are optional controls intended to filter entries.
• Trend mode can use an EMA to restrict trade direction, while CHOP mode permits longs and shorts.
• Stops can use a tick buffer or an ATR buffer, and profit targets can use a risk multiple or a fixed percentage.
• The script provides probability displays, but the predictive option relies on assumptions and the excerpt gives no performance evidence.

Tags

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