Marks bars that poke past a recent swing high or low on a volume spike and close back inside, with a line from the swing.
Overview
Stop Runs / Sweeps marks bars that trade beyond a recent swing high or low, on unusually high volume, and then close back inside. A small triangle sits at the wick, a dotted line runs from the swing to the sweep, and a short label names it. Swing highs swept are red and swing lows swept are green.
How it works
A swing high or low is the extreme of 5 bars on each side. A sweep needs volume of at least 1.5 times the 20-bar average. Swings older than 300 bars are ignored.
It uses traded volume where order flow exists and the chart's own volume on other symbols, so it works anywhere bars have volume.
How to use it
- Some traders watch sweeps of swing highs or lows as places where stops may have been run.
- Use the line to see which swing was taken.
- Some traders combine sweeps with absorption or delta to see what happened at the sweep.
These are ways some traders read it, for learning. They are not trade signals.
Settings
| Setting | Default |
|---|---|
| Swing strength (bars each side)A swing high / low is the extreme of this many bars on both sides. | 5 |
| Volume spike at least (x average) | 1.5 |
| Average volume over (bars) | 20 |
| Swings older than (bars) are ignored | 300 |
| Line from the swing to the sweep | On |
| Labels | On |
| Swing high swept | #f23645 |
| Swing low swept | #03c988 |
Notes and limits
- On futures charts use Stop Runs (L2); a saved futures chart that still holds this one is switched to it automatically. Crypto charts keep this one.
- Needs bars with volume.
- A sweep is a past pattern, not a forecast.
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.