Added a feature to display a mark on the candle that returns after breaking the previous day's high or low.
I updated 【Trade_Toolbox_RVDLine】 and added a new feature called “Liquidity Sweep.”
Reason for addition:
The high and low of the previous day are lines that many people pay attention to on charts. There is a movement where the price pierces these lines with the wicks and then returns.
When reviewing later, I often notice “it pierced here and then returned,” which is easy to miss in real time.
Originally, 【Trade_Toolbox_RVDLine】 had four lines for the previous day. I added this to be able to confirm up to the candles that pierced and returned on the same screen.
What kind of function is it:
It marks the high and low of the previous day (or the selected higher timeframe) on the candles where the price pierced with the wick and closed back.
※ To avoid missing the so-called stop-hunt (false break) moves
- Red mark on candles that pierced the high and then returned
- Blue mark on candles that pierced the low and then returned
The marks are not trading signals; they are markers for price movement. They do not mean “the price will reverse here,” but rather help you identify the fact that the high (low) was pierced and returned.
How to determine:
- Determination is done on confirmed candles. Do not judge on forming candles; marks appear after confirmation.
- The base higher timeframe starts with a daily chart by default. You can also change it to a 4-hour chart, etc. (Please specify a higher timeframe than the chart’s current timeframe).
- You can set the permissible number of retracements and the minimum break width.
- You can display the basis high/low as lines.
- Alerts (popups, push notifications, and emails) are also supported.
How to use:
It is OFF by default. In Properties, in “Liquidity Sweep Settings,” turn ON “Display Liquidity Sweep.”
Notes:
- This feature does not guarantee future price movements or profits.
- Display may vary depending on the asset or account environment. Please first verify the settings and display on a demo account before use.
- Trading decisions should be made by you.
Finally:
To let you try it out,we also have a trial version link on the official product pageavailable.
There may be fits and misfits, so please try it first.
