OPEN-SOURCE SCRIPT
Makuchaku's trading tools - Liquidity visualizer
Updated
This indicator plots those pivots/fractals which have not been taken out by price, whereby showing where are the clusters of highs/lows where stop orders (or liquidity) could be hiding.
This is a fantastic tool for taking reversal trades.
This is a fantastic tool for taking reversal trades.
Release Notes
Update- eFe completely re-wrote the liquidity indicator from scratch
- Added options for plotting N liquidity lines above and below price
- The indicator is now much more stable & predictable
NOTE : This indicator is best used with the Super OrderBlock / FVG / BoS indicator
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.