Sniper Sweeps

Purpose
Detect when price sweeps above recent highs (buy-side liquidity) or below recent lows (sell-side liquidity), but closes back inside the range. This is often interpreted as a stop-hunt or liquidity grab by institutional traders.

Core Concepts
Liquidity Sweep: When price briefly breaks a recent swing high/low (potentially triggering stop losses), but then closes back within the previous range.

Buy-side Sweep: Price breaks a previous high, but closes below it.

Sell-side Sweep: Price breaks a previous low, but closes above it.

Summary
This indicator is useful for:

Identifying potential stop-hunts or liquidity grabs.

Recognizing SMC trade setups around swept highs/lows.

Getting alerted when significant liquidity levels are manipulated.