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
The score weighs volume at the pivot, distance from price on a log scale, pool age and momentum direction. Nearby pivots are merged into equal high or low zones with a bonus, and the top-ranked pool is highlighted as the magnet. Tolerances scale by timeframe. It draws zones, labels, a dashboard with top targets and optional history markers.
Swing pivot liquidity pools
Composite score from strength, proximity, age and momentum
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Pivot Lookback
int
10
pivotLen
Max Active Pools
int
25
maxPools
Min Pool Age (bars)
int
3
minAge
Max Pool Age (bars)
int
500
maxAge
Auto-Scale Tolerance by Timeframe
bool
true
autoEqTol
Manual Tolerance %
float
0.15
manualEqTol
Equal H/L Bonus Mult
float
1.7
eqBonus
Auto-Scale by Timeframe
bool
true
autoScale
Manual Log-Distance
float
0.45
manualLogD
Strength Weight
float
1.0
wStrength
Proximity Weight
float
1.2
wProximity
Age Decay Weight
float
0.6
wAge
Show all 40 settings
Setting
Type
Default
Variable
Momentum Bias Weight
float
0.9
wMomentum
Show Liquidity Zones
bool
true
showZones
Highlight TOP MAGNET
bool
true
showTop
Show Probability Labels
bool
true
showLabels
Show Dashboard
bool
true
showDash
Show Touch Stats in Dashboard
bool
true
showStats
Show Marker Legend in Dashboard
bool
true
showLegend
Show Status Dot in Dashboard
bool
true
showStatus
Show Distance Progress Bar
bool
true
showProgress
Show Top 3 Targets in Dashboard
bool
true
showTop3
Zone Extension (bars right)
int
20
zoneExt
Show Historical Top Magnets
bool
false
showHistory
Tracking Window (bars)
int
100
trackingWindow
Max Historical Markers
int
100
maxHistory
Historical Marker Size
string
Normal
histMarkerSize
Show Magnet Marker on TOP zone
bool
true
showMagnet
Magnet Marker Size
string
Large
magnetSize
Show Magnet Field Line
bool
true
showField
Field Line Style
string
Diagonal
fieldStyle
Diagonal Offset (bars right)
int
20
fieldOffset
Dashboard Position
string
Top Right
dashPosStr
Dashboard Text Size
string
Small
dashSizeStr
Zone Label Text Size
string
Small
lblSizeStr
TOP Label Text Size
string
Normal
topLblSizeStr
Upside Liquidity
color
#ef4444
colHigh
Downside Liquidity
color
#22c55e
colLow
TOP MAGNET
color
#f59e0b
colTop
Magnet Field Line
color
#f59e0b
colField
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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