SNAP Daily Sweep

A multi-confluence indicator that combines Volume spikes, RSI momentum, and Support/Resistance levels to identify mean-reversion 'sweeps' during specific trading sessions.

Formula

\text{Volume Ratio} = \frac{V}{\text{SMA}(V, n)} \\ \text{SR High/Low} = \text{Highest/Lowest}(H/L, m) \\ \text{Signal} = \text{Volume Ratio} > k \land \text{RSI} \begin{cases} < 30 & \text{Buy} \\ > 70 & \text{Sell} \end{cases} \land \text{Price} \approx \text{SR Level} \land \text{Session Active}

Inputs

• Enable Volume Sweep (default: true)
• Volume Lookback Period (default: 20)
• Volume Multiplier (default: 1.5)
• Volume Filter Type (default: SMA)
• S/R Lookback Period (default: 50)
• S/R Sensitivity (default: 0.5)
• Momentum RSI Length (default: 14)
• Session Type (default: US)

See signal primitives and every published strategy that uses SNAP Daily Sweep on WOBR StrategyVerse.