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
Liquidation Heatmap[Modual] estimates pocket intensity from volume, price range, or their product over a configurable lookback, then filters by a minimum intensity and merges nearby labels. Two swing widths mark sensitive and robust levels, while an ATR band sets pocket height. Users can keep touched pockets, fade them, extend boxes, offset price, and choose a custom or automatic color scale for long and short sides. It does not generate trade entries or exits.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Indicator
bool
true
showInd
Touched Pockets
bool
false
keepTouch
Scale
bool
false
showScale
Bar Extension
int
0
extBars
Calculation Mode
string
Vol x Range
calcMode
Lookback Length
int
480
lookback
Min Intensity (M)
float
0.1
minIntensity
Label Merge %
float
0.05
mergeDist
ATR Period
int
1440
atrLen
ATR Band (%)
float
1.9
atrMult
1st Swing Width (Sensitive)
int
2
swing1
2nd Swing Width (Robust)
int
10
swing2
Show all 20 settings
Setting
Type
Default
Variable
Use Custom Scale
bool
true
useManScale
Scale Max (M)
float
3.0
valMax
Scale Min (M)
float
0.0
valMin
Auto Scale Contrast
float
0.1
contrast
Touched Transparency
int
85
touchAlpha
Long Color
color
color.rgb(1, 203, 254, 1)
colLong
Short Color
color
color.rgb(254, 0, 220)
colShort
Price Offset (%)
float
0.00
offsetPct
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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