Hossa Sweep/liquidity

Hossa Sweep/Liquidity – How It Works and How to Use It

The Hossa Sweep/Liquidity indicator is designed to detect “sweep” signals across multiple timeframes. A “sweep” occurs when one candle (Candle #2) pushes beyond the previous candle’s high or low (Candle #1) while both candles share the same color (both bullish or both bearish). Additionally, Candle #1 must have a visible wick. This indicator can help traders identify potential turning points or continuation patterns.

1. How It Operates for Traders
Multiple Timeframes: You can select up to five different timeframes (e.g., 5m, 15m, 1H, 4H, 1D). The indicator will check each chosen timeframe to see if a sweep is happening.

Visual Labels: When it detects a valid sweep:

SL (Sweep Long) label appears below a candle if the sweep is bullish.

SS (Sweep Short) label appears above a candle if the sweep is bearish.

Alerts: The script triggers an alert whenever a new sweep signal appears on any of the selected timeframes, so you won’t miss an opportunity.

2. Practical Ways to Use It
Confluence with Other Signals
Combine these sweep signals with your favorite support/resistance zones, moving averages, or volume profiles. For instance, a sweep at a known support zone can hint at a bullish reversal; a sweep at resistance might suggest a bearish reversal.

Confirm Trend Continuations
Watch for bullish sweeps in an existing uptrend or bearish sweeps in a downtrend. A sweep in line with the overall trend can serve as a continuation signal, helping you time pullback entries.

Identify Potential Reversals
Sweeps often appear near market tops/bottoms when price aggressively tests a previous candle’s high or low. In these areas, a sweep followed by strong follow-through can be a clue of a likely turning point.

Manage Risk More Precisely
Since the indicator specifies exact candle highs/lows, you can plan tighter stop-loss levels or be more precise with your targets.

Request to Share My Work

Dear Users,

I kindly ask for your support in sharing my work with your friends and networks. Every like, share, or recommendation is extremely valuable to me and helps reach a wider audience.

I would be immensely grateful for any form of support and engagement! Thanks to your help, I can continue developing this project and bring more ideas to life.

With sincere appreciation,