Indicator · Pine Script v6 · Own pane

Liquidity Void Detector (Zeiierman)

by regalouisei· code credited to Zeiierman {

The Liquidity Void Detector calculates a custom oscillator to identify low-participation price moves in a separate pane.

View on GitHub

GitHub stars2on the repository
Pine versionv6current
Lines of code86
Settings7inputs
LicenceNone stated
Last update8 months ago25 Feb 2026

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 Void Detector (Zeiierman) computes a log volume shock z-score against a moving average baseline and a 1-bar log return z-score. When volume drops below the low-volume threshold, the return z-score is weighted fully, creating oscillator spikes during illiquid price expansions. Users can adjust baseline lengths, z-score lookbacks, fade weights, and trigger thresholds. The indicator plots a line oscillator with color-coded direction and threshold lines.

Details

Published by

regalouisei on GitHub

Code credit

Zeiierman {, as written in the script's header

Type

Indicator, Pine Script v6

Draws

Separate pane below the chart

Category

SMC / ICT / price action, Volume, Oscillators & momentum

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.

Settings

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

SettingTypeDefaultVariable
Volume Baseline Lengthint30L
Vol Shock Z-Score Lookbackint60vzLen
Low-Volume Threshold (VolShock Z ≤)float-0.5vzThr
Return Z-Score Lookbackint60rLen
Fade When Volume Not Low (0–1)float0.01fadeNoLow
Upper Threshold (Osc ≥)float+1.0longThr
Lower Threshold (Osc ≤)float-1.0shortThr
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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