Daily Liquidity Sweep Spot Strat…: Free TradingView Strategy (Pine Script)

Add It to Your TradingView Chart

1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
3Paste over the templateCreate a new strategy, select all of the template text and paste. Press Save and give it a name.
4Add it to the chartPress Add to chart. The trades and results appear in the Strategy Tester tab; adjust the settings with the gear icon.

Source Code

The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.

Overview

When price trades below it and a green candle closes back above, a stop-buy order is placed just above that candle's high. The stop sits under the signal candle with a buffer and size limits, and the target is a fixed reward-to-risk multiple. Optional break-even and trailing stop settings are included. Daily levels use closed daily bars only.

Previous day low sweep and reclaim signal
Stop-buy entry above the signal candle
Capped stop distance with min and max limits
Reward-to-risk target with break-even option
Optional ATR or percent trailing stop

Details

Published by

MuhammadMuhamid on GitHub

Type

Strategy, Pine Script v6

Draws

On the price chart

Markets

Crypto

Timeframes

M1-M5

Risk Notes

No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.

File

platform/daily_liquidity_sweep_spot.pine

Repository

github.com/MuhammadMuhamid/my-tradingview-clone. See its other scripts in the library

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

Setting	Type	Default	Variable
Reference higher timeframe	`timeframe`	`D`	`htfRes`
Track dynamic liquidity lows	`bool`	`true`	`useDynamicLiq`
Reset active level to PDL on each new day	`bool`	`true`	`resetOnNewDay`
Minimum sweep depth below level (%)	`float`	`0.0`	`minSweepPct`
Signal candle must close back above the level	`bool`	`true`	`requireReclaim`
Reclaim tolerance (%)	`float`	`0.05`	`reclaimTolPct`
Reject setups formed far above the level	`bool`	`false`	`useProximity`
Max signal-low distance above level (%)	`float`	`0.50`	`maxDistPct`
Re-anchor to a newer green candle while pending	`bool`	`true`	`reArmOnNewGreen`
Cancel un-triggered stop-buy after N bars	`int`	`10`	`setupExpiry`
Entry offset above signal high (ticks)	`int`	`1`	`entryOffTicks`
ATR length	`int`	`14`	`atrLen`

Show all 40 settings

Setting	Type	Default	Variable
SL buffer below signal low	`string`	`Ticks`	`slBufMode`
buffer — Percent	`float`	`0.03`	`slBufPct`
buffer — Ticks	`int`	`2`	`slBufTicks`
buffer — ATR ×	`float`	`0.10`	`slBufAtr`
MAX SL distance measured in	`string`	`Percent`	`maxSlMode`
Max SL distance — Percent	`float`	`0.60`	`maxSlPct`
Max SL distance — Ticks	`int`	`150`	`maxSlTicks`
Max SL distance — ATR ×	`float`	`2.0`	`maxSlAtr`
MIN SL distance (%)	`float`	`0.02`	`minSlPct`
Fixed R:R take profit	`float`	`2.0`	`rr`
Move SL to breakeven	`bool`	`true`	`useBE`
BE trigger (R multiple)	`float`	`1.0`	`beTrigR`
BE offset (R, covers fees)	`float`	`0.05`	`beOffR`
Enable trailing stop loss	`bool`	`false`	`useTrailSL`
Trail activates at (R multiple)	`float`	`1.0`	`trailStartR`
Trail method	`string`	`ATR`	`trailMode`
Trail — ATR ×	`float`	`1.5`	`trailAtrMult`
Trail — Percent	`float`	`0.30`	`trailPct`
Enable trailing take profit (run past target)	`bool`	`false`	`useTrailTP`
TP-trail method	`string`	`ATR`	`tpTrailMode`
TP-trail — ATR ×	`float`	`1.0`	`tpTrailAtr`
TP-trail — Percent	`float`	`0.20`	`tpTrailPct`
Size by risk % (off = 100 % of equity)	`bool`	`false`	`useRiskSizing`
Risk % of equity per trade	`float`	`1.0`	`riskPct`
Max trades per day	`int`	`3`	`maxTradesDay`
Max stop-loss hits per day	`int`	`2`	`maxLossDay`
Loss counter mode	`string`	`Consecutive`	`lossMode`
Restrict entries to a session	`bool`	`false`	`useSession`

Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.

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