$ - HTF Sweeps & PO3

HTF Sweeps & PO3 Indicator

The HTF Sweeps & PO3 indicator is a powerful tool designed for traders to visualise higher timeframe (HTF) candles, identify liquidity sweeps, and track key price levels on a lower timeframe (LTF) chart. Built for TradingView using Pine Script v6, it overlays HTF candle data and highlights significant price movements, such as sweeps of previous highs or lows, to help traders identify potential liquidity sweep and reversal points. The indicator is highly customisable, offering a range of visual and alert options to suit various trading strategies.

Features

• Higher Timeframe (HTF) Candle Visualisation:
  

- Displays up to three user-defined HTF candles (e.g., 15m, 1H, 4H) overlaid on the LTF chart.
- Customisable candle appearance with adjustable size (Tiny to Huge), offset, spacing, and colours for bullish/bearish candles and wicks.
- Option to show timeframe labels above or below HTF candles with configurable size and position.

• Liquidity Sweep Detection:
  

- Identifies bullish and bearish sweeps when price moves beyond the high or low of a previous HTF candle and meets specific conditions.
- Displays sweeps on both LTF and HTF with customisable line styles (Solid, Dashed, Dotted), widths, and colours.
- Option to show only the most recent sweep per candle to reduce chart clutter.

• Invalidated Sweep Tracking:
  

- Detects and visualises invalidated sweeps (when price moves past a sweep level in the opposite direction).
- Configurable display for invalidated sweeps on LTF and HTF with distinct line styles and colours.

• Previous High/Low Lines:
  

- Plots horizontal lines at the high and low of the previous HTF candle, extending on both LTF and HTF.
- Customisable line style, width, and color for easy identification of key levels.
- Real-Time Sweep Detection:
-Optional real-time sweep visualisation for active candles, enabling traders to monitor developing price action.

• Alert System:
  

- Triggers alerts for sweep formation (when a new sweep is detected).
- Triggers alerts for sweep invalidation (when a sweep is no longer valid).
- Alerts include details such as timeframe, ticker, and price level for precise notifications.

• Performance Optimisation:
  

- Efficiently manages resources with configurable limits for lines, labels, boxes, and bars (up to 500 each).
- Cleans up outdated visual elements to maintain chart clarity.

• Flexible Configuration:
  

- Supports multiple timeframes for HTF candles with user-defined settings for visibility and number of candles displayed (1–60).
- Toggle visibility for HTF candles, sweeps, invalidated sweeps, and high/low lines independently for LTF and HTF.

This indicator is ideal for traders focusing on liquidity hunting, order block analysis, or price action strategies, providing clear visual cues and alerts to enhance decision-making.