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Candle Range Detector

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Candle Range Detector

Pine Script®
// Pine Script v6
// Detects candle-based ranges, mitigations, and sweeps with advanced logic


Overview
This indicator automatically detects price ranges based on candle containment, then tracks when those ranges are mitigated (broken) and when a sweep occurs. It is designed for traders who want to identify liquidity events and range breaks with precision.

How It Works
- Range Detection: A range is formed when a candle is fully contained within the previous candle (its high is lower and its low is higher). This marks a potential area of price balance or liquidity.
- Mitigation: A range is considered mitigated when price closes beyond its extension levels (configurable by normal or Fibonacci logic). This signals that the range has been invalidated or "taken out" by price action.
- Sweep Detection: After mitigation, the script watches for a sweep event: a candle that both trades through the range extreme and closes decisively beyond the log-mid of the candle itself. This is a strong sign of a liquidity grab or stop run.
- Alerts & Visuals: You can enable alerts and on-chart labels for sweeps. Only the most recent mitigated range can be swept, and each range can only be swept once.
- Timeframe Sensitivity: On weekly or monthly charts, a candle can both mitigate and sweep a range on the same bar. On lower timeframes, only one event can occur per bar.

Why It Works
- Candle containment is a robust way to identify natural price ranges and liquidity pools, as it reflects where price is consolidating or being absorbed.
- Mitigation marks the moment when a range is no longer defended, often leading to new directional moves.
- Sweeps are powerful signals of stop hunts or liquidity grabs, especially when confirmed by a close beyond the log-mid of the candle, indicating strong intent.

Visual Explanation
snapshot


Tip: Use this tool to spot high-probability reversal or continuation zones, and to get alerted to key liquidity events in real time.
Notas de Lançamento
- Fixed Issue Where latest candle forms a range
Notas de Lançamento
- Fixed Mitigation Line Extension Issue
- Feature Update (You can now decide minimum number of inside candles
Notas de Lançamento
- Added Doji Breaks
Notas de Lançamento
- Extended Doji Levels to 100 for those who just need Bar Break
Notas de Lançamento
- Sorry Fixed Condition to avoid Engulfing
Notas de Lançamento
- Volume Filter Toggle
Notas de Lançamento
- Alot of new Filters and Alerts
Notas de Lançamento
- Fixing doji Detections
Notas de Lançamento
- Alert to Once per bar close
Notas de Lançamento
- Allow Transparent coloring of not aligning Canldes
Notas de Lançamento
- Alerts now At bar close
Notas de Lançamento
- OK
Notas de Lançamento
- Added New Transparent Painting
Notas de Lançamento
- Volume Filtering

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