TradeZoro
Notifications

Session Sweep SMT + IFVG [TradeZoro]

TradeZoro TradeZoroFree Updated
Session Sweep SMT + IFVG [TradeZoro] on an NQ futures chart in ZoroCharts
Add to chart

Marks session and previous-day highs and lows, the sweep of each, SMT against the correlated symbol and the IFVG that follows.

Overview

Session Sweep SMT + IFVG marks one model step by step. It draws Asia, London and NY AM session highs and lows (NY PM is optional) and the previous day high and low, each running right until swept. A sweep stops the line and places a small swept mark on the wick.

If the correlated symbol did not take its own level for the same session, the sweep has SMT and a dashed line joins the two swing points. After that, the first fair value gap against the move that price closes through is boxed as the IFVG. When all three happen, a compact tag sits on the IFVG candle.

How it works

A sweep is a candle trading through a level by at least one tick. With auto-pair on, NQ is compared with ES, MNQ with MES, ES with NQ, YM and RTY with ES, SPX with NDX, and GC with SI; otherwise you set the symbol. Sessions use New York time by default, and the trading day starts at 18:00.

The IFVG must come within 20 bars of the sweep, be at least 2 ticks, and may start up to 10 bars before the sweep. By default an IFVG is marked only after a sweep with SMT. Everything is drawn on closed candles. Open levels farther than 0.5% from price are hidden until price gets close, and 5 days of history are shown.

How to use it

  • Some traders use it to study how often a session sweep is followed by SMT and an IFVG.
  • Use the swept marks to see which session levels were taken today.
  • Some traders turn on the table to see today's sessions in one place.
  • Use partial sequences to review sweeps that did not complete the model.

These are ways some traders read it, for learning. They are not trade signals.

Settings

SettingDefault
TradeZoro · Sessions (New York time)
TimezoneSession times follow this timezone, daylight saving included.Options: America/New_York, America/Chicago, Europe/London, UTCAmerica/New_York
AsiaOn
LondonOn
NY AMOn
NY PMOff
Show history (days)Levels, sweeps and boxes older than this are not drawn and are deleted as the chart rolls on.5
TradeZoro · Previous day
Previous day high / low (PDH / PDL)On
Trading day starts at (hour)Futures day rolls at 18:00 New York time. Set 0 for the calendar day.18
TradeZoro · SMT
Auto-pair the correlated symbolNQ with ES, MNQ with MES, ES with NQ, YM with ES, RTY with ES, SPX with NDX, GC with SI. Turn off to use the symbol below.On
Show all 29 settings
SettingDefault
Correlated symbolES1!
TradeZoro · IFVG
Max bars from sweep to IFVG20
Min FVG size (ticks)2
FVG may start N bars before the sweep10
IFVG only after a sweep with SMTOff: an IFVG also marks after a sweep without SMT, tagged Sweep · IFVG.On
TradeZoro · Show / hide
Session / previous day levelsOn
Level labelsOn
Sweep marksOn
SMT line and labelOn
IFVG boxesOn
Sequence tagOn
Table (today's sessions)Off
TradeZoro · Style
Bullish#03C988
Bearish#EF5350
Levels: highscolor.new(#9AA3B2, 0)
lowscolor.new(#9AA3B2, 0)
Level lineOptions: Solid, Dashed, DottedDotted
Label sizeOptions: Tiny, Small, NormalSmall
Keep swept lines, dimmedOn
Hide open levels farther than (% of price)Open levels far from the current price are hidden so they do not stretch the price scale. They come back when price gets close.0.5

Alerts

Members can create an alert on level swept, sweep with SMT or full sequence from the chart's alert dialog; alerts from indicators run while ZoroCharts is open in the browser.

Notes and limits

  • Needs data for the correlated symbol.
  • It only marks the chart; it does not place orders.
  • Partial sequences show only the parts that happened.

Education only. Not financial advice. Indicators mark what happened on the chart; they do not predict what price will do. Trading futures, forex, crypto and other markets carries a high level of risk and may not be suitable for everyone.