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Liquidity Sweep

 
India

In smart money concepts (SMC), a sell-side liquidity sweep is a quick run below an obvious low that triggers the stop orders resting there, followed by a reversal. This screen lists stocks on the Bombay Stock Exchange whose low today broke the prior 20-day low while the close finished back above it, with a lower shadow longer than the body, an up close and volume above average. It is a price and volume proxy for the stop hunt, not order-flow data. Prices are in Indian rupees, and the list covers BSE-listed stocks with at least 50 million rupees in average daily trading value.

Screening formula:
exch(bse) and type(stock) and advol(21) > 50 and l < lowest(20)@1 and c > lowest(20)@1 and tail(0) > body(0) and c > o and cvol > avol(21)
 
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