CISD After Sweeps – Last Signal Only Modified TradingView

Currency Pairs: Any

Timeframes:  Any

Minimum Deposit: Any

Recommended Account Type: ECN or Raw Spread

Leverage: From 1:30 to 1:1000

Recommend broker: Roboforex
Recommend Vps: GoVPSFX

CISD After Sweeps – Last Signal Only Modified indicator is designed to detect and display CISD (Confirmed Internal Structure Divergence) signals after detecting “sweeps” (breakouts) of swing highs and lows. It focuses on displaying only the last signal (bullish or bearish), if the corresponding setting is enabled, and includes visualization of swing levels and breakouts.

Main Features

1. Swing Detection:
– Uses `ta.pivothigh` and `ta.pivotlow` functions to detect swing highs and lows based on the specified `Swing Length`.
– A swing is considered active until it is broken by price or the `Maximum Swing Validity` is exceeded.

2. Sweeps Detection:
– A swing high sweep occurs when the price touches the swing high but closes below it. This is a bearish CISD condition.
– A swing low sweep occurs when the price touches the swing low but closes above it. This is a bullish CISD condition.
– Breakouts are displayed as horizontal lines and vertical wikis (colors are customizable).

3. CISD Logic:
– Bullish CISD: Formed when price breaks through a swing low level (low sweep) then closes above a certain level (bullish track line) after a minimum number of bars (`Minimum CISD Duration`).
– Bearish CISD: Formed when price breaks through a swing high level (high sweep) then closes below a certain level (bearish track line) after a minimum number of bars.
– CISD signals are displayed with labels (`CISD` and arrows) and lines (bullish – green, bearish – red).

4. Signal Filtering:
– If `Show Only Last CISD Signal` option is enabled, only the latest signal (bullish or bearish) is displayed and previous ones are automatically removed.
– Breakouts and CISD signals are removed if the maximum validity period (`Maximum Swing Validity`) is exceeded or if the level is broken.