Session Sweeps Pro

The Session Sweeps Pro indicator is a premium technical tool designed to identify and visualize institutional liquidity grabs through real-time sweep detection and probabilistic modeling. It aims to help traders navigate the market by mapping out price zones where stop-loss orders are frequently triggered, often leading to sharp reversals.

Usage

The indicator can be used to identify key areas of interest where institutional players may be filling positions. By visualizing these "pockets of liquidity," traders can better anticipate market turns rather than chasing breakouts.

• Sweep Detection: The tool marks confirmed sweeps when a pivot high or low is breached and price subsequently closes back within the previous range.
• Ghost S/R Zones: Upon a sweep, a "Ghost Box" is anchored at the level. These act as dynamic support and resistance zones that represent tapped liquidity.
• Mean Reversion: Traders can monitor the Sweep POC (Point of Control) as a magnet for price during low-volatility periods.
• Risk Management: The Sweep Risk Index monitors volatility compression to warn users when a stop-hunt or sweep is statistically likely.

Details

The script utilizes a Cumulative Distribution Function (CDF) to create a liquidity profile on the right margin of the chart. Unlike standard volume profiles, this profile weights bars based on the frequency of liquidity grabs. Using manual RGB interpolation, the profile shifts from Cyan to Magenta to represent the cumulative probability (0% to 100%) of the session's total liquidity being found at or below a specific price level.

To maintain chart clarity, the script employs de-overlapping logic, prioritizing the most significant levels when multiple sweeps occur in a tight price range.

Settings

Profile Settings

• Session Period: Determines the anchor for data calculation (Daily, Weekly, or Monthly).
• Rows: Adjusts the granularity of the CDF heatmap profile.
• Glow Width: Controls the visual width/extension of the HUD profile.

Sweep S/R Logic

• Historical Lookback: Sets how many bars the script analyzes for historical sweep data.
• Risk Score Threshold (%): The sensitivity level for the Sweep Risk Index dashboard.
• Ghost S/R Transparency: Adjusts the opacity of the dynamic support and resistance boxes.

Supplemental Features

• POC Alert Proximity (%): Sets the distance from the Sweep POC at which an alert will trigger.

FAQ

How do I access Session Sweeps Pro?

You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.

What is the Sweep POC?

The Sweep POC (Point of Control) is the yellow dashed line indicating the price level with the highest density of liquidity sweeps in the current session.

What does the Sweep Risk Index indicate?

The index measures volatility compression; a high (Red) score suggests that a "stop hunt" or liquidity sweep is statistically imminent based on current price action signatures.