PINE LIBRARY
Liquidity Finder Library
🔵Introduction
You may intend to utilize the "Liquidity" detection capability in your indicators. Instead of writing it, you can import the "Liquidity Finder" library into your code. One of the advantages of this approach is time-saving and reduction in scripting errors.
🔵Key Features
Identification of "Statics Liquidity"
Identification of "Dynamics Liquidity"
🔵How to Use
Firstly, you can add the library to your code as shown in the example below:
The parameters of the "LLF" function are as follows:
sPP: A float variable ranging from 0 to 0.4. Increasing this number decreases the sensitivity of the "Statics Liquidity Line Detection" function and increases the number of detected lines. The default value is 0.3.
dPP: A float variable ranging from 0.4 to 1.95. Increasing this number increases the sensitivity of the "Dynamics Liquidity Line Detection" function and decreases the number of detected lines. The default value is 1.
SRs: An int variable. By default, it's set to 8. You can change this number to specify the periodicity of static liquidity pivot lines.
SRd: An int variable. By default, it's set to 3. You can change this number to specify the periodicity of dynamic liquidity pivot lines.
ShowHLLs: A bool variable. You can enable or disable the display of "High Statics Liquidity Line".
ShowLLLs: A bool variable. You can enable or disable the display of "Low Statics Liquidity Line".
ShowHLLd: A bool variable. You can enable or disable the display of "High Dynamics Liquidity Line".
ShowLLd: A bool variable. You can enable or disable the display of "High Dynamics Liquidity Line".
🟣Recommendation
You can use the following code snippet to import Liquidity Finder into your code for time-saving.
You may intend to utilize the "Liquidity" detection capability in your indicators. Instead of writing it, you can import the "Liquidity Finder" library into your code. One of the advantages of this approach is time-saving and reduction in scripting errors.
🔵Key Features
Identification of "Statics Liquidity"
Identification of "Dynamics Liquidity"
🔵How to Use
Firstly, you can add the library to your code as shown in the example below:
The parameters of the "LLF" function are as follows:
sPP: A float variable ranging from 0 to 0.4. Increasing this number decreases the sensitivity of the "Statics Liquidity Line Detection" function and increases the number of detected lines. The default value is 0.3.
dPP: A float variable ranging from 0.4 to 1.95. Increasing this number increases the sensitivity of the "Dynamics Liquidity Line Detection" function and decreases the number of detected lines. The default value is 1.
SRs: An int variable. By default, it's set to 8. You can change this number to specify the periodicity of static liquidity pivot lines.
SRd: An int variable. By default, it's set to 3. You can change this number to specify the periodicity of dynamic liquidity pivot lines.
ShowHLLs: A bool variable. You can enable or disable the display of "High Statics Liquidity Line".
ShowLLLs: A bool variable. You can enable or disable the display of "Low Statics Liquidity Line".
ShowHLLd: A bool variable. You can enable or disable the display of "High Dynamics Liquidity Line".
ShowLLd: A bool variable. You can enable or disable the display of "High Dynamics Liquidity Line".
🟣Recommendation
You can use the following code snippet to import Liquidity Finder into your code for time-saving.
Pine library
In true TradingView spirit, the author has published this Pine code as an open-source library so that other Pine programmers from our community can reuse it. Cheers to the author! You may use this library privately or in other open-source publications, but reuse of this code in a publication is governed by House rules.
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