Asia Sweep Reversals

Asia Sweep Reversals is a comprehensive market analysis tool designed to identify liquidity sweeps occurring outside the Asia session hours. By framing the high and low of the Asia session as critical liquidity zones, this indicator highlights potential reversal setups when price breaches these levels and demonstrates a subsequent shift in internal market structure. Traders can leverage these automated range calculations and structural break signals to identify high probability entry points, complete with risk management boxes, helping to systematize mean reversion strategies during more volatile trading periods.

How to Trade the Asia Sweep Reversals?

The indicator identifies the Asia session range and draws boxes to define key liquidity levels. When price sweeps above or below these boundaries, the indicator marks the event. To trade, wait for a sweep to occur and look for a confirmed shift in market structure, commonly known as a Change of Character (CHoCH), that indicates the trend is turning away from the swept level. The indicator automatically calculates potential entries based on this structural shift, provided it occurs within a defined number of bars after the initial sweep. It includes a trend filter to ensure trades align with the broader market direction, defined by a long term moving average by default. Users should always verify that the internal structure confirms the reversal before placing an order.

Asia Sweep Reversals Settings

Session

• Asia session: Defines the start and end time of the liquidity range.
• Timezone: Allows setting the reference time to ensure the session aligns with local market data.
• Historical sessions: Determines how many previous Asia ranges are displayed on the chart.

Style

• Box fill: Adjusts the background color and transparency for the Asia session rectangle.
• Range border: Sets the color for the upper and lower range boundaries.
• Midline: Sets the color for the average price level within the session.

Sweep Signals

• Show sweep signals: Toggles the visual markers identifying when price breaks the Asia high or low.

Internal Structure

• Show internal structure: Enables the plotting of internal structural breaks and trend shifts.
• Break confirmation: Chooses whether structural breaks require a candle close or just a wick beyond the swing point.

Trade Risk Boxes

• Show TP/SL boxes: Toggles the display of reward and risk zones once a setup is triggered.
• Stoploss R multiple: Scales the stoploss distance relative to the structural entry point.
• Take profit R multiple: Defines the reward target based on the risk taken during the entry.

Trend Filter

• Enable trend filter: Restricts signals to the direction of the long term trend.
• Trend EMA length: Sets the period for the moving average used to filter setups.

Frequently Asked Questions

Can this indicator be used on multiple timeframes?

What does the CHoCH label represent?

How does the trend filter impact the signals?