OPEN-SOURCE SCRIPT
CHOCH & Liquidity Sweep Detector
so think of this one as an upgraded version from the previous liquidity sweep and reversal indicator i shared. This one:
Identifies when price wicks above a swing high then closes below it (bearish sweep 💧)
Identifies when price wicks below a swing low then closes above it (bullish sweep 💧)
Orange labels mark the sweeps with dashed lines showing the liquidity level
CHOCH (Change of Character) Detection
After a liquidity sweep, it watches for structure breaks
Bearish CHOCH: After bullish sweep, price breaks below previous structure low (🔴 SHORT setup)
Bullish CHOCH: After bearish sweep, price breaks above previous structure high (🟢 LONG setup)
Market Structure Tracking
Shows current structure highs/lows with dotted lines
Tracks whether market is in bullish, bearish, or neutral trend
Dashboard (bottom-right)
Shows current trend direction
Liquidity sweep status
CHOCH confirmation
Setup Ready alert when both conditions align
Clear action recommendation
How to use with tf alignment indicator:
Apply both indicators to your 1hr/4hr chart
Wait for alignment (Daily/Weekly/Monthly all bearish or bullish)
Look for liquidity sweep (💧 label appears)
Wait for CHOCH (big red/green label with "CHOCH")
Enter on retest of the broken structure level
Identifies when price wicks above a swing high then closes below it (bearish sweep 💧)
Identifies when price wicks below a swing low then closes above it (bullish sweep 💧)
Orange labels mark the sweeps with dashed lines showing the liquidity level
CHOCH (Change of Character) Detection
After a liquidity sweep, it watches for structure breaks
Bearish CHOCH: After bullish sweep, price breaks below previous structure low (🔴 SHORT setup)
Bullish CHOCH: After bearish sweep, price breaks above previous structure high (🟢 LONG setup)
Market Structure Tracking
Shows current structure highs/lows with dotted lines
Tracks whether market is in bullish, bearish, or neutral trend
Dashboard (bottom-right)
Shows current trend direction
Liquidity sweep status
CHOCH confirmation
Setup Ready alert when both conditions align
Clear action recommendation
How to use with tf alignment indicator:
Apply both indicators to your 1hr/4hr chart
Wait for alignment (Daily/Weekly/Monthly all bearish or bullish)
Look for liquidity sweep (💧 label appears)
Wait for CHOCH (big red/green label with "CHOCH")
Enter on retest of the broken structure level
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.