Asian Liquidity Sweep + NY Reversal [NY Only]

The Asian Liquidity Sweep + NY Reversal [NY Only] indicator identifies high-probability trading setups by tracking the manipulation of Asian session ranges and looking for reversals during the New York Kill Zone. It visualizes liquidity pools, stop hunts, and provides actionable buy/sell signals based on institutional price action concepts.

Usage

The script is designed to follow a specific three-phase market cycle:

1. Asia Range Accumulation: The indicator automatically marks the high and low of the Asian session (04:00 – 10:00 UTC+3). This range acts as a liquidity pool.
2. Liquidity Sweep (Stop Hunt): It monitors for price action that breaches these levels between the London open and the pre-NY period. A "SWEEP" label appears when price moves beyond the range and closes back within it, indicating liquidity has been taken.
3. NY Reversal Execution: During the NY Kill Zone (15:00 – 18:00 UTC+3), the script looks for a reversal signal.
   • Sell Signal: Occurs if the Asian High was swept and a bearish reversal candle forms within the NY window.
   • Buy Signal: Occurs if the Asian Low was swept and a bullish reversal candle forms within the NY window.

Traders can use these signals to enter trades targeting the opposite side of the Asian range or significant high-timeframe liquidity levels.

Details

The indicator operates on the concept that the Asian session creates a tight range where orders accumulate. Market makers often raid these levels (the "Stop Hunt") during London or early New York sessions to generate liquidity before moving the market in the intended direction. This implementation specifically filters for reversals that manifest during the New York session to capture the "real move" of the day. It uses internal logic to ensure only one primary signal direction is considered per day based on which liquidity side was swept first.

Settings

• Stop Loss Buffer (pips): Adds a user-defined margin to signal calculations to account for spread or volatility.
• Show Sweep Detections: Toggles the visibility of "SWEEP" labels when the Asian session high or low is initially breached.

FAQ

How do I use the Asian Liquidity Sweep + NY Reversal [NY Only] indicator?

The indicator is best used on lower timeframes (like 5m or 15m) to identify the specific candle rejections during the New York session after a clear Asian range has been established and swept.

What time zone does the indicator use?

The session times are hardcoded to UTC+3 (GMT+3) to align with standard institutional "Kill Zone" hours for Asia and New York.

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.