Liquidity Sweeps MTF: Free TradingView Indicator (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 indicator, select all of the template text and paste. Press Save and give it a name.
4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.

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 wicks through a higher timeframe level and closes back inside, it plots a sweep line and label directly on the price chart. It supports two customizable higher-timeframe inputs, three swing detection depths, and automatic level merging for close proximity prices. Settings allow users to invalidate sweeps based on full candle closes or candle bodies and set maximum level age. The indicator uses higher-timeframe data with lookahead.

Multi-timeframe liquidity sweep detection
Automatic level merging for close timeframe prices
Configurable swing detection depths
Custom invalidation criteria by close or candle body

Details

Published by

Metaprogramlabs on GitHub

Code credit

Meta, as written in the script's header

Type

Indicator, Pine Script v5

Draws

On the price chart

Markets

Any symbol

Timeframes

Any timeframe

Risk Notes

Reads higher-timeframe data with lookahead on, so the history can show signals that were not there in real time

File

Liquidity Sweeps MTF.pine

Repository

github.com/Metaprogramlabs/liquidity-sweeps-mtf

Topics

liquidityliquidity-sweeppine-scriptsmart-money-conceptstrading-indicatortradingviewfractal-liquidity

Settings

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

Setting	Type	Default	Variable
Invalidate sweep by	`string`	`Close`	`invMode`
Max level age (bars)	`int`	`5000`	`maxAge`
Label text	`string`	`Sweep`	`labelTxt`
Merge levels within (ticks)	`float`	`1.0`	`mergeTicks`
Bullish sweep (low swept)	`color`	`#089981`	`colBl`
Bearish sweep (high swept)	`color`	`#f23645`	`colBr`
Show	`bool`	`true`	`show1`
Mode	`string`	`Select TF`	`mode1`
Timeframe (Select TF mode)	`timeframe`	`D`	`tf1`
Detection	`string`	`Intermediate Term`	`term1`
Line style	`string`	`Solid`	`sty1`
Show	`bool`	`true`	`show2`

Show all 16 settings

Setting	Type	Default	Variable
Mode	`string`	`Select TF`	`mode2`
Timeframe (Select TF mode)	`timeframe`	`240`	`tf2`
Detection	`string`	`Intermediate Term`	`term2`
Line style	`string`	`Dashed`	`sty2`

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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