This indicator finds pivot highs and lows with an adjustable detection length and margin, then draws buyside and sellside liquidity zones and level lines on the price chart.
1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
Zones can be coloured separately and given their own margin. Optional liquidity voids can be shown with labels. A mode setting shows only recent levels or the full history, and a visible levels setting limits how many are kept. The zones mark areas of resting orders.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Detection Length
int
7
liqLen
Margin
float
6.9
Margin
Buyside Liquidity Zones, Margin
bool
true
liqBuy
marBuy
float
2.3
marBuy
cLIQ_B
color
color.new(#4caf50, 0)
cLIQ_B
Sellside Liquidity Zones, Margin
bool
true
liqSel
marSel
float
2.3
marSel
cLIQ_S
color
color.new(#f23645, 0)
cLIQ_S
Liquidity Voids, Bullish
bool
false
lqVoid
cLQV_B
color
color.new(#4caf50, 0)
cLQV_B
Bearish
color
color.new(#f23645, 0)
cLQV_S
Label
bool
false
lqText
Show all 14 settings
Setting
Type
Default
Variable
Mode
string
Present
mode
# Visible Levels
int
3
visLiq
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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