Indicator · Pine Script v6 · Own pane

Liquidity Health Index (LHI)

by LucasRibeiroCaetano

This indicator plots a composite Liquidity Health Index in a separate pane.

View on GitHub

GitHub stars3on the repository
Pine versionv6current
Lines of code46
Settings0inputs
LicenceCustom licence
Last update11 months ago29 Nov 2025

Add It to Your TradingView Chart

  1. 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
  2. 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
  3. 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
  4. 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 Health Index (LHI) averages four 0 to 100 scores: the US 10-year minus 2-year yield spread, an inverse CBOE VIX score, an inverse MOVE index score, and the year-over-year change in the Fed balance sheet. Horizontal lines mark 70 and 30, and the pane background changes with those bands. A small table on the last bar shows the current index. There are no user inputs.

Details

Published by

LucasRibeiroCaetano on GitHub

Type

Indicator, Pine Script v6

Draws

Separate pane below the chart

Category

Volatility & bands, Screeners & dashboards

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.

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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