Marks sweeps of a recent high or low that the order book confirms: liquidity on that side was pulled or consumed through several levels.
In plain English
What it shows
- Marks bars that push past a recent swing high or low on a volume spike, but only when the order book shows liquidity on that side was pulled or taken through several levels.
- Swept lows are green and swept highs red.
How traders use it
- Review where price took out a recent extreme and what happened after.
- Show the unconfirmed sweeps as hollow marks to compare.
What it does not tell you
- A mark describes one bar. It is not a signal.
- The book confirmation is based on a snapshot of the order book.
Overview
Stop Runs (L2) marks a bar that pokes past a recent swing high or low on a volume spike, but only when the order book shows that liquidity on that side was pulled or consumed through at least 3 levels.
Lows swept are drawn green and highs swept red. Sweeps the book did not confirm can be shown hollow.
How it works
Swings use 5 bars on each side by default. A volume spike is 1.5 times the average volume. The book check compares resting size beyond the swing before and during the sweep.
How to use it
- Use it to see where stops beyond a swing may have been taken.
- Some traders watch what price does after a confirmed sweep.
- Turn on hollow marks to compare confirmed and unconfirmed sweeps.
These are ways some traders read it, for learning. They are not trade signals.
Settings
| Setting | Default |
|---|---|
| Swing length (bars) | 5 |
| Liquidity pulled / consumed through at least (levels) | 3 |
| Volume spike (x average) | 1.5 |
| Also show sweeps the book did not confirm (hollow) | Off |
| Lows swept (bullish) | #03c988 |
| Highs swept (bearish) | #f23645 |
Notes and limits
- Pro: needs the full order book (Data feed L2).
- Needs the full order book (Data feed L2), which is part of Pro. Works on NQ, ES, YM, RTY, CL and GC futures (micros use their mini's book) and on crypto order books.
- A mark describes what happened at that bar; it is not a signal.
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.