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C2 Closure Alert From Key Level (FVG & Swings)

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This indicator is designed based on the C2 Closure Trader, specifically focusing on identifying high-probability C2 Candle Closures and Key Level Sweeps. It automates the detection of "Candle 2" setups where price sweeps a key level (Swing High/Low or FVG) and closes back inside, signaling a potential reversal or continuation.


Key Features :
Advanced C2 Detection:

Detects when the current candle (C2) sweeps the previous candle (C1).

Deep Context Check: It validates the setup by checking if C1 was interacting with a Key Level (Swing High/Low or FVG) OR if C1 just created a Fresh FVG.

Logic: Ensures no valid setup is missed, even if the sweep happens instantly after FVG creation.

Straight Sweep Lines (Visuals):

Draws a clean, straight horizontal line from the C1 High/Low to the C2 candle.

Helps you visualize exactly which level was swept.

Customization: You can change the line color and width from settings.

Smart FVG & Swing Levels:

Automatically plots Active Bullish/Bearish FVGs and Swing Highs/Lows.

Mitigation Logic: Levels remain active until a valid signal is generated or price invalidates them. Once used, they turn gray (mitigated) to keep the chart clean.

Mechanical Settings Menu:

Fully customizable inputs organized into clean groups (Algorithm, Signal, Visuals, Limits).

Label Size Control: Adjust the signal label size (Tiny to Huge) to fit your screen.

Transparent Labels: Clean "C2" text without background boxes for a professional look.

Robust Alert System:

Three specific alert options added for automation:

Bullish C2 Closure: Fires only on valid Long setups.

Bearish C2 Closure: Fires only on valid Short setups.

Any C2 Close: Fires on any valid setup.

Note: Alerts are strictly set to trigger Once Per Bar Close to avoid false signals during running candles.

How to Use:
Add to Chart: Apply the indicator to your timeframe (Recommended: 15m, 1H, 4H for narrative).

Identify Signals: Look for the "C2" text label.

Green C2: Bullish Setup (Sweep of Low + Close Up).

Red C2: Bearish Setup (Sweep of High + Close Down).

Validation: The indicator automatically checks if the sweep occurred at a valid Swing Point or FVG. If you see the signal, the context is valid.

Entry: Use the close of the C2 candle as your confirmation to frame a trade or look for lower timeframe entries.

Settings Guide:
Algorithm Sensitivity: Adjust Pivot Left/Right Bars to define how strict the Swing Highs/Lows should be.

Signal Appearance: Change the text (e.g., "Entry") or adjust the Label Size.

Active/History Limits: Control how many active or old (mitigated) lines/boxes stay on the chart to manage clutter.

Visuals: Customize colors for Bull/Bear FVGs, Highs/Lows, and Sweep Lines to match your chart theme.

Disclaimer: This tool is for educational and analytical purposes only. Always manage your risk properly.

Penafian

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