Project Pegasus Revenant

Description

Project Pegasus Revenant is a reversal and liquidity-trap detection system combining a configurable fractal reversal engine with the SweepTrigger liquidity finder. It highlights potential structural turning points and stop-hunt scenarios directly on the chart.

What’s unique

Fractal Reversal Engine: Adjustable strictness (1 = loose, 5 = strict) to fit different market conditions.

Signal Filtering: Minimum bar spacing to avoid clustering of false or repeated signals.

SweepTrigger Add-on: Detects liquidity sweeps with wick-based rejection logic, auto-doji detection, and range-strength confirmation.

Dual Signal Output: Circle markers for pure fractal reversals, triangles for sweep-based liquidity traps.

Adaptive Filters: Customizable thresholds for body size, candle range, and sweep strength.

How it works (technical)

Fractals: A reversal fractal is confirmed when the high/low at position n is surrounded by lower/higher highs/lows across a configurable frontier.

Signal confirmation: Once price trades back through the fractal level within a limited number of bars, a potential reversal is triggered.

Bar filter: Signals require a minimum distance in bars to prevent noise.

SweepTrigger logic:

Wick comparison (upper vs lower) determines rejection direction.

Doji and low-body candles are auto-filtered.

Range check ensures the current candle exceeds a configurable multiple of the average range.

Visuals:

Green/Red circles = fractal reversals.

Cyan/Purple triangles = liquidity sweep triggers.

How to use

Watch fractal signals to anticipate structural reversal points.

Combine SweepTrigger signals with liquidity highs/lows for identifying stop hunts and fakeouts.

Use as standalone reversal tool or as confirmation within a broader system (e.g., order blocks, volume profile, or market structure).

Key settings

Reversal Mode: 1–5 (controls strictness of fractals).

SweepTrigger: On/off toggle, lookback window, body-size filter, range strength multiplier.

Visuals: Shapes, sizes, and color-coded signals for clear separation between fractal and sweep triggers.

Notes & limitations

Works on all timeframes.

Signals are reactive (based on confirmed bars), not predictive — no lookahead logic.

Too strict settings may reduce signal frequency; too loose may increase noise.

Disclaimer

For educational and informational purposes only. Not financial advice.