LND & NY Liq Sweep + VWAP 1.4

The LND & NY Liq Sweep + VWAP 1.4 indicator tracks the London and New York session ranges to identify liquidity sweeps and trend alignment based on HTF bias. It provides a comprehensive dashboard for monitoring market conditions, session boundaries, and key technical levels to assist in intraday day trading strategies.

Usage

The Usage section describes how the script can be used to identify trading opportunities based on session ranges and institutional liquidity.

• Session Ranges: The script automatically plots the price range (High/Low) for both the London and New York sessions. These ranges act as primary liquidity zones where traders look for "sweeps" or rejections.
• Liquidity Sweeps: Use the indicator to identify when price pierces a session high or low. Traders typically look for a sweep followed by a displacement and a Close back within the range to signal a potential reversal.
• Daily Bias Alignment: The dashboard provides a High Timeframe (HTF) bias based on EMA slopes and price position relative to the New York Midnight Open (MNO). A bullish bias is indicated when the price is below the MNO during an uptrend, while a bearish bias is indicated when the price is above the MNO during a downtrend.
• 80/20 Levels: These levels act as institutional price steps. Users can monitor price interaction with these zones to gauge potential exhaustion or continuation.
• VWAP & EMA Filtering: The daily VWAP and 1-minute 20 EMA serve as dynamic support and resistance. In a trending market, price often pulls back to these levels before continuing its move.

Details

The script incorporates several technical concepts to provide a systematic view of the market:

• Timezone Management: The script utilizes "America/New_York" (EST) as the primary time anchor to ensure session ranges and the Midnight Open are calculated accurately regardless of the user's local chart time.
• Bias Engine: The HTF bias is calculated by analyzing the 50-period and 200-period EMAs on the Daily timeframe. It optionally incorporates a Weekly trend filter (20 EMA) to ensure multi-timeframe alignment.
• Consolidation Detection: During the first hour of the New York session, the script calculates the ATR (Average True Range). If the price range is tighter than a user-defined multiplier of the ATR, the bias is marked as "Neutral" to warn against trading in a low-volatility environment.
• Execution Logic: The script tracks consecutive candle movements on a 1-minute basis (via security calls) to detect displacement, which is a key requirement for valid liquidity sweep entries.

Settings

80/20 Level Settings

• Price Step: Determines the interval (in points) between institutional levels.
• Level Offset 1/2: Sets the specific percentage offsets for the 80/20 level lines.
• Visible Levels: Controls how many levels are drawn above and below the current price.

Session Settings (EST)

• London/NY Range Session: Defines the time window used to establish the high and low of the session range.
• London/NY Trade Window: Sets the time boundary for highlighting trade opportunities and alerts.
• Dashboard Visibility: Controls the hours during which the information dashboard is displayed on the chart.

Signal Filters

• Min Consecutive Candles: The minimum number of 1-minute candles required to confirm a liquidity sweep.
• Require Displacement: When enabled, the script checks if the current high/low significantly exceeds previous bars to confirm a strong rejection.
• Require FVG: Filters for signals that produce a Fair Value Gap immediately following the rejection.

Daily Bias Settings

• Show NY Midnight Open Line: Toggles the visibility of the New York 00:00 opening price.
• Consolidation ATR Multiplier: Adjusts the sensitivity for detecting "Neutral" consolidation zones based on ATR.
• Require Weekly Trend Alignment: If checked, the Daily bias must match the Weekly 20 EMA direction to be considered "Bullish" or "Bearish."

FAQ

How do I interpret the "Caution" status on the dashboard? The "Caution" status appears when the HTF trend is weakening (e.g., the 50 EMA slope is flattening) or when the Daily and Weekly trends are in conflict. It suggests waiting for clearer price action.

Why does the 20 EMA only appear on the 1-minute timeframe? The 20 EMA is specifically optimized for 1-minute scalping and intraday entries as per the original strategy requirements; it is disabled on higher timeframes to reduce chart clutter.

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