Liquidity is a vital concept in trading. It gives us an indication of where buy / sell orders are in the market, and the direction price is likely to move once this liquidity has been taken.
The purpose of this indicator is to show you when and where there has been a 'raid' or 'sweep' of this liquidity, meaning a reversal might occur.
The indicator does this by...
Finds and plots stop hunts / raids between fractal points.
If a candle wicks above/below a fractal and close back in its range, it will plot a line and/or dot based on preference.
Also able to filter a time period, meaning it will only plot if the stop hunt happened inside the time period.
Other options:
- Draw fractal points
- Choose between 3 or 5 bar...