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
Liquidity Depth Indicator [BigBeluga] splits that profile at the midpoint into upper and lower volume, then draws cumulative sell and buy curves to the right of the last bar and optional heatmap boxes. A point-of-control marker can be shown and colored separately. The lookback length, point-of-control visibility, and heatmap colors are the main settings. Drawing is rebuilt only on the latest bar, so the profile moves as the window advances. There are no trade signals or exit rules.
100-bin volume profile over the lookback range
Cumulative buy and sell curves around the midpoint
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
LoockBack Period
int
300
loockBack
PoC
bool
true
pocD
colP
color
color.rgb(212, 26, 26)
colP
HeatMap
bool
true
Heatmap
colBuy
color
color.rgb(26, 128, 212)
colBuy
colSell
color
color.rgb(212, 100, 26)
colSell
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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