Typical Sweeps: Pivot high/low boxes. Grade sweeps, Handles/Pips

2023년 3월 9일

Tool to show typical pip-grade/ handle-grade sweep distance above pivot highs and pivot lows

-In consolidation/ranging periods (i.e. most of the time); Highs/Lows may by swept by fairly consistent distances in typical stop raids.
-Idea is from ICT teaching on typical Pip-grade sweeps in FX (10,20,30pips). Designed to work on FX, Indices, Commodities, Bitcoin.
-Above chart shows S&P; sweeping below and then above by 5 handles.

///inputs///
~choose sweep distance handles ($) or pips: will auto-calculate depending on the asset: FX= pips; Indices/stocks/commodities = handles ($)
--(2,5,10,20,30,50,100, 500, 1000)
~choose pivot lookback: larger number for more significant swing highs/lows
~choose number of historical boxes to display
~toggle on/off Pivot high boxes and Pivot low boxes independently
~extend boxes fully to the right (default is not extend)
~toggle on/off text
~text & box formatting options

Bitcoin, hourly chart; Pivot lookback = 15; $100 sweep boxes:


Eur/Usd; 15m chart; Pivot lookback = 30; 10pip sweep boxes; Boxes extended fully to the right:

2023년 3월 9일

릴리즈 노트

-note the above 2 demo charts titles are mistakenly switched around
-Update: added optional price labels marking price at the extent of the chosen sweep box (default is toggled off)

2023년 3월 9일

릴리즈 노트

-added box width input; added box border color option

2023년 3월 10일

릴리즈 노트

-Added Alert conditions: Need to be manually set from indicator status line. Alert will always trigger to the latest freshly painted box. Alert level based on the indicator settings at the time of setting the alert.

2023년 3월 10일

릴리즈 노트

-Added optional 'spikeyness' filter for Pivot highs/lows (default off): Use to filter-out smooth/unimpressive/weak pivot high&lows. Higher number for more spikey / less-rounded pivot highs & lows.
-Added Sweep spacings for use in Bond market too.

2023년 3월 11일

릴리즈 노트

-added box height = zero option; for Alert condition where you simply want to get alert when pivot high/low is touched or peeped through

2023년 3월 12일

릴리즈 노트

-added independent 'leftbars' and 'rightbars' for finding pivots; reduce 'rightbars' to confirm pivots faster, but at the cost of potentially less significant pivots

2023년 4월 22일

릴리즈 노트

-Added 'Wait one bar' condition to avoid repainting; Default is toggled ON.

2023년 10월 24일

릴리즈 노트

-added optional ATR(10) percentage input to determine box height / sweep distance; thus accounting for volatility differences throughout the day. Default is toggled OFF.
-percentage can be greater than 100. ATR length is set to 10 bars, this can be changed by editing line 36.
-thanks to SweetRoll for the idea