All indicators

Liquidity Sweep Detector – PDH/PDL Levels

Created by backtestbay

Save
Liquidity Sweep Detector – PDH/PDL Levels chart preview

Liquidity Sweep Detector – PDH/PDL Levels

Liquidity Sweep Detector – PDH/PDL Levels full chartOpen original image in a new tab ↗

An intraday indicator tracking previous day's high and low levels, detecting precise liquidity sweeps and marking key price events with real-time sweep identification.

Explore complementary indicator roles
UNDERSTAND THE TOOL

How it works

The indicator analyzes intraday price action to track the previous day's high and low levels with exceptional precision. It continuously monitors price movements across lower timeframes, identifying moments when price briefly extends beyond these key reference points.

When price moves above the previous day's high or below the previous day's low, the system generates visual markers and alerts. These markers help traders quickly recognize potential liquidity sweeps, stop hunt scenarios, and critical price action events that might signal significant market shifts.

Why it may be useful

Tracking precise liquidity sweeps provides traders with critical insights into potential market reversals and institutional trading behavior. By identifying these key price levels, traders can better understand hidden market dynamics and potential trend change points.

The indicator helps traders anticipate potential stop-loss triggering, recognize smart money movements, and develop more strategic entry and exit decisions. Its real-time detection allows for more responsive and informed trading across various financial instruments.

When to explore it

This indicator is most effective for traders using Smart Money Concepts (SMC) and liquidity-based trading strategies. It works exceptionally well on forex, cryptocurrency, and index markets when applied to 15-minute, 1-hour, and 4-hour timeframes.

Traders seeking to identify potential reversal zones, stop hunts, and key institutional trading levels will find this tool particularly valuable. It is especially useful during periods of market volatility and when tracking potential trend change points across different market environments.

Keep exploring

CHECK THE DETAILS

What we’ve verified

Access, alerts and repainting behaviour have not been independently verified for this indicator. Check the creator’s current publication and settings.

General descriptions and classifications are recovered research. Verified details above identify the specific checks we have completed. Check the creator’s current publication for later changes.