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
Hotzones draws colored boxes for active liquidity ranges along with average price levels. The indicator dynamically removes mitigated zones when price crosses them based on selected wick or close criteria. Input options allow users to customize liquidity calculation lengths, maximum displayed zones, colors, average line styles, and mitigation settings.
Order block liquidity zone detection
Dynamic zone mitigation filtering by wick or close
Average price lines with customizable style and width
Configurable display limits for bullish and bearish zones
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Liquidity volume
int
4
length
Bullish Liquidity
int
4
bull_ext_last
bg_bull_css
color
color.new(#169400, 80)
bg_bull_css
bull_css
color
#169400
bull_css
bull_avg_css
color
color.new(#9598a1, 37)
bull_avg_css
Bearish Liquidity
int
4
bear_ext_last
bg_bear_css
color
color.new(#ff1100, 80)
bg_bear_css
bear_css
color
#ff1100
bear_css
bear_avg_css
color
color.new(#9598a1, 37)
bear_avg_css
Average Line Style
string
⎯⎯⎯
line_style
Average Line Width
int
1
line_width
Mitigation Methods
string
Wick
mitigation
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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