Elev8+ Indicator: Complete Chart Legend & Visual Guide
The Elev8+ ecosystem is designed to simplify market structure, institutional liquidity behavior, and asymmetric reversal entries. This guide is a complete visual legend explaining every symbol, line, box, sweep level, and abbreviation displayed by the indicator. If you are new to Elev8+, this page will help you interpret the chart instantly.
Elev8 Reversal Signals
Green Triangle (Buy Signal)
A green triangle under a candle means:
- A bullish liquidity sweep occurred
- Price ran below a prior low and rejected back inside
- Momentum and volatility confirmed strength
- Optional filters may include RSI exhaustion, DI Std Dev volatility, or Bollinger extremes
This signal identifies stop-hunts that reversed upward with meaningful institutional absorption. When the triangle appears near a Sweep Level+ line, the setup has higher probability and asymmetric risk/reward.
Red Triangle (Sell Signal)
A red triangle above a candle means:
- A bearish liquidity sweep occurred
- Price ran above a prior high and rejected lower
- Momentum and volatility confirmed weakness
This marks a top-side stop hunt where institutions sold into trapped breakout buyers. Price often trends downward after these prints.
DI Std Dev Filter
When enabled, Elev8 will only print triangles when volatility conditions align with strong directional intent. The DI Std Dev filter is the highest accuracy version of Elev8 because it blocks weak sweeps and late signals during chop.
LS Sweep Signals (Sweep + Absorption)
In addition to the triangles, you may see small colored LS labels:
- Green LS – Bullish sweep + absorption
- Red LS – Bearish sweep + absorption
LS signals are different from triangles. They require:
- A valid liquidity sweep (wick or retest)
- Absorption or volatility criteria
- Additional filters such as wick size, ATR distance, HTF pivot relevance, or DI Std Dev confirmation
LS signals represent institutional-quality sweep reversals and are often the strongest high-probability entries on the chart.
Liquidity Sweep Boxes
Elev8+ can draw colored boxes to highlight institutional sweep zones:
- Green Sweep Box – Bullish liquidity absorption below lows
- Red Sweep Box – Bearish liquidity absorption above highs
Sweep boxes identify where:
- Liquidity was harvested
- Large players absorbed order flow
- Reversals are most likely to begin
Boxes often function as support or resistance zones later in the same session, or even days later.
Sweep Levels+ Lines
Sweep Levels+ automatically plots key liquidity levels and extends them forward:
- Previous High/Low levels
- Session Highs and Lows (Asia, London, New York)
- Overnight range extremes
- Weekly, Monthly, Quarterly, and Yearly highs/lows
- HTF Pivots (1h / 15m)
- VWAP and EMA Bands
Each level displays a text label so you can instantly identify its origin. Understanding these labels is critical for interpreting sweep confluence.
Liquidity Level Abbreviations
Daily & Overnight
- PDH – Previous Day High
- PDL – Previous Day Low
- D Open – Current Day Open
- ON H – Previous Overnight High
- ON L – Previous Overnight Low
Institutional Sessions
- Asia H / Asia L – Asian session high/low
- Lon H / Lon L – London session high/low
- NY H / NY L – New York session high/low
Weekly Liquidity
- PWH – Previous Week High
- PWL – Previous Week Low
- CWH – Current Week High
- CWL – Current Week Low
Monthly Liquidity
- PMH – Previous Month High
- PML – Previous Month Low
- CMH – Current Month High
- CML – Current Month Low
Quarterly Liquidity
- PQH – Previous Quarter High
- PQL – Previous Quarter Low
- CQH – Current Quarter High
- CQL – Current Quarter Low
Yearly Liquidity
- PYH – Previous Year High
- PYL – Previous Year Low
- CYH – Current Year High
- CYL – Current Year Low
HTF Pivots
- 1H H / 1H L – One-hour pivot highs/lows
- 15m H / 15m L – Fifteen-minute pivot highs/lows
HTF pivots help identify structural pockets that smart money respects during intraday flow.
VWAP and EMA Bands
Sweep Levels+ also displays:
- VWAP – Institutional fair value
- EMA Bands – Regime filters for higher timeframe direction
VWAP acts as a magnet on range days and is a meaningful target after sweeps. EMA bands filter out weak counter-trend sweeps and help confirm continuation.
Fresh vs First Touch vs Closed-Through
Level opacity communicates state:
- Fresh level – untouched liquidity
- First touch – level has reacted
- Post break – full close beyond the level
This prevents clutter and helps you visually prioritize zones with unharvested liquidity.
Highest-Probability Confluence
The strongest setups occur when:
- Price tags a major sweep level
- Elev8 prints a triangle or LS label
- Price rejects back inside with clean wick structure
- VWAP stretch or DI Std Dev confirms
These conditions produce asymmetric entry profiles with tight risk.
Conclusion
The Elev8+ ecosystem decodes the language of liquidity: sweeps, absorption, rejection, institutional levels, and asymmetric trade entries. Once you understand this legend, your chart becomes a roadmap of smart-money behavior rather than random volatility.