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 Location Detector detects and draws liquidity zones as colored boxes representing support and resistance levels based on normalized volume. The main settings adjust box count, colors for high and low support/resistance, and EMA lengths and colors. Liquidity boxes are updated dynamically and removed when breached by price. It helps traders identify potential liquidity pools and levels for technical analysis.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Amount
int
100
box_amount
↑
color
color.rgb(34, 139, 171, 30)
color_high_sup
↓
color
color.rgb(236, 64, 121, 30)
color_high_res
Fast
bool
false
ema1
len_ema1
int
20
len_ema1
ema1_col
color
color.aqua
ema1_col
Slow
bool
false
ema2
len_ema2
int
35
len_ema2
ema2_col
color
#d40047
ema2_col
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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