Elaris Session Liquidity Grabs Pro

The Elaris Session Liquidity Grabs Pro indicator identifies professional session-based liquidity sweeps and reversal zones by monitoring key trading ranges for institutional stop hunts and failed breakouts.

Usage

The Usage section describes how the script can be used to identify high-probability reversal zones after price sweeps established session boundaries. The tool monitors price action following the completion of the London, New York, and Asia sessions. When price aggressively moves past a session high or low and then rejects back into the previous range, the indicator identifies a potential liquidity grab.

Examples:

• Bearish Grab: Price sweeps above the London High and closes back below the level, suggesting a stop hunt before a potential downward reversal.
• Bullish Grab: Price sweeps below the New York Low and closes back above the level, suggesting institutional buying before an upward reversal.

Users can refine signals by enabling the EMA trend filter to align with market bias or the volume filter to ensure institutional participation during the sweep. The "Wick Sweep" vs. "Close Break" settings allow for different sensitivities to price action behavior.

Details

The indicator constructs fixed liquidity ranges based on user-defined session times. Once a session ends, its high and low levels are projected forward to act as liquidity pools. The detection logic calculates the distance of the sweep relative to the Average True Range (ATR) to filter out insignificant price action.

To ensure signal quality, the script utilizes a multi-layered confirmation system:

• ATR Displacement: Measures the strength of the rejection candle to ensure it isn't a weak pause.
• Candle Body Percentage: Filters out indecision candles (like dojis) by requiring a minimum body-to-range ratio.
• Cooldown System: Prevents signal clustering by requiring a minimum number of bars between consecutive alerts.
• Non-Repainting: All signals are confirmed only after the candle closes and the session levels are finalized.

Settings

• Sessions: Enable or disable London, New York, and Asia sessions and define their specific time ranges and timezones.
• Sweep Detection: Choose between "Wick Sweep" (price touches level and rejects) or "Close Break" (candle must close beyond the level before reversing).
• Require Close Back Inside Range: When enabled, the signal only triggers if the rejection candle closes back within the session high/low boundary.
• Minimum Sweep Distance (ATR): Sets the minimum distance price must travel beyond the session level to be considered a valid sweep.
• Enable EMA Trend Filter: Filters bullish signals to only occur above the EMA and bearish signals below the EMA.
• Enable Volume Filter: Requires the sweep candle's volume to be a specified multiplier higher than its moving average.
• Signal Cooldown Bars: The minimum number of bars required between signals to reduce noise.
• Minimum Candle Displacement (ATR): Requires the rejection candle to have a minimum price move relative to ATR.
• Minimum Candle Body %: Ensures the signal candle is a strong "marubozu" type candle rather than a wick-heavy indecision candle.
• Extend Session Levels: Determines how many bars into the future the session high/low lines are projected.

FAQ

How do I use this for ICT or Smart Money Concepts? This tool is specifically designed to automate the identification of "Liquidity Runs" and "Market Structure Shifts" occurring at session boundaries, which are core components of ICT and SMC strategies.

Can I use this on any timeframe? While it works on all timeframes, it is optimized for intraday charts such as the 1m, 5m, and 15m where session liquidity is most relevant.

How do I access the Elaris Session Liquidity Grabs Pro? You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.