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
TnSovereignLiquidityMagnetV6 clusters equal highs and lows, then scores each pool from strength, proximity, age decay, and momentum bias. A higher-timeframe EMA sets directional bias and a minimum pull percentage gates the highlight. Inputs change lookback, pool count, age, tolerance, distance scaling, and score weights. It draws liquidity zones, a top-magnet highlight, and an optional dashboard. ATR stop and reward-ratio values are display settings only; it does not place trades.
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
Max Pool Age (bars)
int
500
maxAgeB
Auto-Scale Tolerance
bool
true
autoEqTol
Manual Tolerance %
float
0.15
manualEq
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
Momentum Bias Weight
float
0.9
wMomentum
Show all 19 settings
Setting
Type
Default
Variable
HTF Bias Timeframe
timeframe
D
htfRes
Min Magnet Pull %
float
40.0
minMagPct
SL ATR Multiple
float
2.0
slAtrMul
Target R:R
float
2.5
tpRr
Show Liquidity Zones
bool
true
showZones
Highlight TOP MAGNET
bool
true
showTop
Dashboard
bool
true
showDash
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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