This Pine Script indicator identifies liquidity sweeps and confirms signals using a close-back candle pattern directly on the price chart. It tracks recent swing highs and lows over a customizable lookback period. A bullish signal forms when a prior bar sweeps
Indicator · Pine Script v6 · On the chart
Ghost Zone v8 - Institutional Zones
This indicator detects institutional candles where the body exceeds a multiple of the rolling average body size.
GitHub stars2on the repository
Pine versionv6current
Lines of code276
Settings13inputs
LicenceNone stated
Last update6 months ago13 Apr 2026
Add It to Your TradingView 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
Ghost Zone v8 - Institutional Zones creates and draws supply and demand zone boxes directly on the price chart, validating them over subsequent bars to discard invalidated zones. When price retests a zone and executes a minimum percentage bounce, entry signals are generated. Configurable settings include symbol presets for major Indian indices, candle body multipliers, minimum bounce thresholds, zone time-to-live expiration, and signal cooldown periods.
- Institutional candle body size detection
- Dynamic supply and demand zone boxes
- Zone retest and bounce entry signals
- Symbol presets for NIFTY, BANKNIFTY, and SENSEX
- Zone violation and expiration tracking
Details
Published by
voletiramu on GitHub
Type
Indicator, Pine Script v6
Draws
On the price chart
Category
Support & resistance, SMC / ICT / price action, Candlestick patterns
Markets
Indices
Timeframes
M1-M5, M15-H1
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Symbol Preset | string | NIFTY | i_symbol_preset |
| Body Multiplier Threshold | float | 2.0 | i_body_mult |
| Lookback Bars (Avg Body) | int | 20 | i_lookback |
| Min Body Points | float | 15.0 | i_min_body_pts |
| Min Bounce % | float | 0.05 | i_min_bounce |
| Max Zones Per Type | int | 5 | i_max_zones |
| Violation Check Bars | int | 3 | i_violation_bars |
| Zone TTL (bars) | int | 90 | i_zone_ttl |
| Signal Cooldown (bars) | int | 5 | i_cooldown_bars |
| Demand Zone Color | color | color.new(color.green, 75) | i_demand_color |
| Supply Zone Color | color | color.new(color.red, 75) | i_supply_color |
| Show Zone Boxes | bool | true | i_show_zones |
Show all 13 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Show Entry Signals | bool | true | i_show_signals |
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.
Similar Pine Scripts
This overlay indicator draws a set of higher-timeframe candles on the price chart. The user sets the timeframe or lets it select automatically, plus candle count, size, offset, margin, and whether the candles are standard or Heikin Ashi. A table can show the a
The indicator tracks four-bar fractal sweep and reclaim setups on chart timeframes of 15 minutes and above. It calculates Reclaim Strength based on where C2 closes relative to C1's range and plots level lines for the swept C1 extreme and C2 extreme. An on-scre
ICT HTF Candles displays higher timeframe candle structures directly on the price chart using customized boxes and lines. It tracks up to six user-defined higher timeframes, plotting historical body, wick, and imbalance zones alongside optional price level tra
This overlay indicator detects tweezer tops and bottoms and kangaroo-tail pin bars, then draws supply and demand zones from those patterns. It scores each zone, decays freshness, merges overlapping zones, and can invalidate a zone after a close-through or afte
Assistant is an overlay indicator that marks candles with small or missing upper and lower wicks, using a threshold relative to body size. It plots three-candle and five-candle swing fractals as triangles two bars back, and fires alerts when a bullish or beari
Trade Your Charts With a Regulated Broker
Compare brokers that connect to TradingView, with spreads, minimum deposits and leverage side by side.
Compare brokers