This indicator plots a heatmap of resting liquidity above and below swing lows and multiple timeframes
The darker the color is or the larger the zone is, the more liquidity is lying there. If you think there are too many zones, you can increase the timeframes in the settings or just disable it.
Liquidity simply means orders such as stoplosses, buy/sell stops.
Disclaimer: You are free to use this code but your should be open source too
@Bafrali1453, maybe because liquidity increases lol
calin120
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Thanks for this indicator and for make it available to us. I realized that when one changes the scale of the chart, the liquidity level remains the same (i.e. size) and it may be misleading when it comes to setting a possible entry. Is it something which can/should be done to fix this issue and make the indicator more accurate? Thanks.
luckyAccount25610
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So this indicator finds the pivots in multiple timeframe and then plots the common pivots that exist in more than one?
UnknownUnicorn15320316
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is repaint dear?
umar_6a36
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It is a slow one as it indicates reversal of trend very late
nephew_sam_
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@umar_6a36, This isnt a signals indicator. It plots liquidity strength above and below PREVIOUS swing points