Session and Prior-Period High-Low Sweeps with ATR Exits

Summary

This intraday strategy looks for price to sweep a prior reference high or low and then show a confirming candle reaction. Its reference levels include the previous Asian-session range, prior day, prior week, and prior month highs and lows. At the 8:30 New York candle, a sweep of a high paired with a bearish candle triggers a short; a sweep of a low paired with a bullish candle triggers a long. Stops and profit targets are set from the average entry price using multiples of ATR, with a 14-period ATR and default multipliers shown in the script.

The document supplies Pine Script rather than an explanation of performance: it contains no backtest results, market specification, or evidence of profitability. The excerpt ends partway through the plotting section, so some implementation details are unavailable. Session detection depends on chart timestamps, and the script’s use of prior higher-timeframe values and lookahead settings should be checked for the intended execution context. Results would also depend on timeframe, market, costs, and fill assumptions.

Key ideas

• The script tracks Asian-session and previous day, week, and month highs and lows as sweep levels.
• It opens trades at the 8:30 New York candle after a high sweep with a bearish reaction or a low sweep with a bullish reaction.
• ATR multiples define stop and target distances from the position’s average entry price.
• The excerpt provides no performance results, and its timestamp and higher-timeframe data handling require verification.

Tags

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