OPEN-SOURCE SCRIPT
H1 Liquidity Sweep Tracker
🇬🇧 English: H1 Liquidity Sweep Tracker
Overview
The H1 Liquidity Sweep Tracker is a technical analysis tool designed for TradingView (Pine Script v5). It identifies "Liquidity Sweeps"—market movements where the price briefly breaches a significant level to trigger stop-loss orders before reversing.
Core Functions
H1 Level Detection: Regardless of your current timeframe (e.g., 1m, 5m, or 15m), the script automatically fetches the High and Low of the previous 1-hour candle.
Real-Time Monitoring: It tracks price action relative to these levels to identify failed breakouts.
Visual Indicators:
Horizontal Lines: Displays the H1 High (Red) and H1 Low (Green) from the previous hour.
Sweep Shapes: A triangle appears above/below the candle when a sweep is detected.
How it Works (The Logic)
A "Sweep" is triggered when the current price moves beyond the H1 boundary but fails to maintain that position:
Bullish Sweep: The price drops below the previous H1 Low (collecting sell-side liquidity) but closes back above it. This suggests a potential upward reversal.
Bearish Sweep: The price rises above the previous H1 High (collecting buy-side liquidity) but closes back below it. This suggests a potential downward reversal.
Overview
The H1 Liquidity Sweep Tracker is a technical analysis tool designed for TradingView (Pine Script v5). It identifies "Liquidity Sweeps"—market movements where the price briefly breaches a significant level to trigger stop-loss orders before reversing.
Core Functions
H1 Level Detection: Regardless of your current timeframe (e.g., 1m, 5m, or 15m), the script automatically fetches the High and Low of the previous 1-hour candle.
Real-Time Monitoring: It tracks price action relative to these levels to identify failed breakouts.
Visual Indicators:
Horizontal Lines: Displays the H1 High (Red) and H1 Low (Green) from the previous hour.
Sweep Shapes: A triangle appears above/below the candle when a sweep is detected.
How it Works (The Logic)
A "Sweep" is triggered when the current price moves beyond the H1 boundary but fails to maintain that position:
Bullish Sweep: The price drops below the previous H1 Low (collecting sell-side liquidity) but closes back above it. This suggests a potential upward reversal.
Bearish Sweep: The price rises above the previous H1 High (collecting buy-side liquidity) but closes back below it. This suggests a potential downward reversal.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que la republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que la republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.