Sweep Swing Screener by TFlab – Free on TradingView

The Sweep Swing Screener is an advanced technical analysis tool engineered to pinpoint potential market reversal points by applying sophisticated liquidity sweep logic and analyzing price behavior at critical swing points. This screener integrates three core components: Market Structure, Liquidity Behavior, and Candle Confirmation to automatically scan charts for zones where price reversals are highly probable.

You can access the indicator from this link:

https://tradingfinder.com/products/i...wing-screener/

You can access the indicator on the TradingView website:

https://www.tradingview.com/script/9...TradingFinder/

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Understanding the Sweep Swing Screener
The Sweep Swing Screener is designed to identify high-probability reversal zones through meticulous analysis of market structure and liquidity dynamics. Its operational process unfolds in distinct stages:

1. Identifying Swing Points (Swing High / Swing Low): The screener first identifies key highs and lows, which are typically areas where liquidity accumulates and stop-loss orders are often placed. These points are crucial for establishing potential reversal zones.

1. Defining the Reaction Zone: Once a valid swing point is identified, the screener establishes a "Reaction Zone." This zone extends from the swing level to the highest or lowest open/close price of the associated candle. This defined area becomes a critical region for evaluating subsequent price reactions and potential signal generation.

1. Analyzing the Liquidity Sweep: In this stage, the tool assesses if the price returns to the reaction zone and breaches the swing level. The screener's core function is to differentiate between a genuine breakout and a mere liquidity sweep, thereby filtering out false signals.

1. Detecting Failed Breakouts with Candle Confirmation: A crucial confirmation step involves the price closing back inside the reaction zone after a sweep, accompanied by the formation of an indecision candle (e.g., a Doji). This pattern indicates a failed breakout, suggesting that smart money has absorbed liquidity.
   1. A liquidity sweep has clearly occurred.
   2. The confirmation candle closes within the designated reaction zone.
   3. The time gap between the initial swing point and the confirmation candle is below a predefined threshold (e.g., 50 candles), ensuring the relevance of the detected pattern.

   
   
   

2. Note: A valid signal is only issued when all of the following conditions are met:

Screener Behavior in Bullish Trends
When operating in a bullish trend, a buy signal is generated under specific conditions:

1. After the formation of a valid swing low, the price returns to this area and temporarily drops below it. This brief breach is interpreted as a liquidity sweep, indicating that bearish pressure is being absorbed.
2. If the price subsequently re-enters the reaction zone and closes with a confirmation candle (such as a Doji or a short-bodied candle), it signifies weakening selling pressure and a high probability of a bullish reversal.
3. Upon meeting these criteria, the screener issues a buy signal and, if configured, sends an alert notification.

Screener Behavior in Bearish Trends
Conversely, in bearish trends, a sell signal is triggered when:

1. Following the formation of a valid swing high, the market re-approaches that level and executes a "fake breakout" above the swing. This fake breakout is indicative of a liquidity sweep where bullish stop-losses are targeted.
2. If the price then falls back below the reaction zone after the failed breakout, and an indecision or rejection candle closes within the area, it confirms a likely bearish reversal.
3. The screener then generates a sell signal and, if necessary, dispatches the corresponding alert.

Sweep Swing Screener Settings
The Sweep Swing Screener offers a range of adjustable parameters, allowing users to customize its behavior to suit individual trading strategies and market conditions. These settings are broadly categorized as follows:

1. Logical Settings:
   1. Swing Period: Defines the period used for detecting swing points.
   2. Max Swing Back Method: Specifies the method for evaluating past swings.
   3. Max Swing Back: Sets the maximum number of historical swings to consider for analysis.
   4. Maximum Distance Between Swing and Signal: Determines the maximum allowed time gap between the identification of a swing and the generation of a signal.

   
   
   

2. Display Settings:
   1. Table Size: Adjusts the dimensions of the screener's display table.
   2. Table Position: Controls the on-screen placement of the display table.

   
   
   

3. Symbol Settings:
   1. Symbol: Allows users to select the specific trading symbol to analyze.
   2. Timeframe: Enables the selection of the desired chart timeframe for analysis.

   
   
   

4. Alert Settings:
   1. Alert: Toggles alert notifications on or off.
   2. Message Frequency: Sets how often alert messages are sent.
   3. Show Alert Time by Time Zone: Displays alert times based on the chosen time zone.

   
   
   

Conclusion
The Sweep Swing Screener stands out as a powerful tool that intelligently combines market structure, liquidity behavior, and candlestick confirmation to automatically detect high-probability reversal zones. By effectively filtering out false breakouts and zeroing in on areas of liquidity absorption, it aims to provide traders with precise entry and exit signals, enhancing decision-making in dynamic financial markets.