Liquidation Heatmap: Free TradingView Indicator (Pine Script)

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

Liquidation Heatmap extends bars to account for unhit pockets and merges nearby labels to reduce clutter. Users can customize the lookback period, minimum weight threshold, ATR band for volatility, color themes for long and short sides, label transparency, and heat contrast. The indicator draws boxes and labels directly on the price chart to visualize these zones, allowing traders to monitor potential reversal areas without any built-in entry or exit signals.

Liquidation zones
Volume range heatmap
Swing high low detection
ATR volatility bands
Color coded pockets

Details

Published by

ymlee1104 on GitHub

Type

Indicator, Pine Script v6

Draws

On the price chart

Markets

Any symbol

Timeframes

Any timeframe

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.

File

Liquidation Heatmap.txt

Repository

github.com/ymlee1104/PineScript. See its other scripts in the library

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

Setting	Type	Default	Variable
On/Off	`bool`	`true`	`liq_showInd`
뚫린 Pockets 유지	`bool`	`false`	`liq_keepTouch`
Show Scale	`bool`	`false`	`liq_showScale`
소스	`string`	`Vol x Range`	`liq_wMode`
길이	`int`	`400`	`liq_lookback`
표시강도(M)	`float`	`0.0`	`liq_minW`
Bar Extension	`int`	`5`	`liq_extUnhit`
Label Merge %	`float`	`0.05`	`liq_mergeDist`
1st Swing Width	`int`	`1`	`liq_pivW`
2nd Swing Width	`int`	`1`	`liq_secSwing`
ATR Period	`int`	`3`	`liq_atrLen`
ATR Band (%)	`float`	`1.5`	`liq_atrPct`

Show all 16 settings

Setting	Type	Default	Variable
뚫린Pockets 투명도	`int`	`90`	`liq_touchT`
Heat Contrast	`float`	`0.7`	`liq_contrast`
Long Color	`color`	`color.rgb(1, 254, 212)`	`liq_colLong`
Short Color	`color`	`color.rgb(254, 0, 220)`	`liq_colShort`

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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