Liquidity Finder🔵 Introduction
The concept of "liquidity pool" or simply "liquidity" in technical analysis price action refers to areas on the price chart where stop losses accumulate, and the market, by reaching those areas and collecting liquidity (Stop Hunt), provides the necessary energy to move the price. This concept is prominent in the "ICT" and "Smart Money" styles. Imagine, as depicted below, the price is at a support level. The general trader mentality is that there is "demand" for the asset at this price level, and this demand will outweigh "supply" as before. So, it is likely that the price will increase. As a result, they start buying and place their stop loss below the support area.
Stop Hunt areas are essentially traders' "stop loss" levels. These are the liquidity that institutional and large traders need to fill their orders. Consequently, they penetrate the price below support areas or above resistance areas to touch their stop loss and fill their orders, and then the price trend reverses.
Cash zones are generally located under "Swings Low" and above "Swings High." More specifically, they can be categorized as support levels or resistance levels, above Double Top and Triple Top patterns, below Double Bottom and Triple Bottom patterns, above Bearish Trend lines, and below Bullish Trend lines.
Double Top and Triple Top :
Double Bottom and Triple Bottom :
Bullish Trend line and Bearish Trend line :
🔵 How to Use
To optimally use this indicator, you can adjust the settings according to the symbol, time frame, and your needs. These settings include the "sensitivity" of the "liquidity finder" function and the swing periods related to static and dynamic liquidity lines.
"Statics Liquidity Line Sensitivity" is a number between 0 and 0.4. Increasing this number decreases the sensitivity of the "Statics Liquidity Line Detection" function and increases the number of lines identified. The default value is 0.3.
"Dynamics Liquidity Line Sensitivity" is a number between 0.4 and 1.95. Increasing this number increases the sensitivity of the "Dynamics Liquidity Line Detection" function and decreases the number of lines identified. The default value is 1.
"Statics Period Pivot" is set to 8 by default. By changing this number, you can specify the period for the static liquidity line pivots.
"Dynamics Period Pivot" is set to 3 by default. By changing this number, you can specify the period for the dynamic liquidity line pivots.
🔵 Settings
Access to adjust the inputs of Static Dynamic Liquidity Line Sensitivity, Dynamics Liquidity Line Sensitivity, Statics Period Pivot, and Dynamics Period Pivot is possible from this section.
Additionally, you can enable or disable liquidity lines as needed using the buttons for "Show Statics High Liquidity Line," "Show Statics Low Liquidity Line," "Show Dynamics High Liquidity Line," and "Show Dynamics Low Liquidity Line."
Liquidity
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 :
import TFlab/LiquidityFinderLibrary/1 as Liq
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.
//import Library
import TFlab/LiquidityFinderLibrary/1 as Liq
//input
SLLS = input.float(0.30 , 'Statics Liquidity Line Sensitivity', maxval = 0.4 ,minval = 0.0, step = 0.01) // Statics Liquidity Line Sensitivity
DLLS = input.float(1.00 , 'Dynamics Liquidity Line Sensitivity', maxval = 1.95 ,minval = 0.4, step = 0.01) // Dynamics Liquidity Line Sensitivity
SPP = input.int(8 , 'Statics Period Pivot') // Statics Period Pivot
DPP = input.int(3 , 'Dynamics Period Pivot') // Dynamics Period Pivot
ShowSHLL = input.bool(true , 'Show Statics High Liquidity Line')
ShowSLLL = input.bool(true , 'Show Statics Low Liquidity Line')
ShowDHLL = input.bool(true , 'Show Dynamics High Liquidity Line')
ShowDLLL = input.bool(true , 'Show Dynamics Low Liquidity Line')
//call function
Liq.LLF(SPP,DPP,SLLS,DLLS,ShowSHLL,ShowSLLL,ShowDHLL,ShowDLLL)
Liquidation Levels with Liquidity Sweeps/Breakouts [AlgoAlpha]🌊📈 Dive into the depths of market liquidity with "Liquidation Levels with Liquidity Sweeps/Breakouts" - your ultimate tool for navigating the turbulent waters of trading! 🧹💹 Crafted by the wizards at AlgoAlpha, this Pine Script™ masterpiece illuminates the unseen liquidity levels and sweeps, guiding you through the financial seas with insight. 🚀🔍
Key Features:
🕒 Timeframe Flexibility: Customize your analysis with a TimeFrame Multiplier, allowing the indicator to operate on higher timeframes for broader market insight.
💥 Dynamic Volume Threshold: Set your sensitivity to breakouts with the High Volume Threshold, ensuring you catch significant market movements while avoiding fakeouts.
👀 Visibility Controls: Toggle the display of swept liquidity and highlight liquidity breakouts with customizable background colors for clear, actionable insights.
🎨 Custom Appearance: Personalize your chart with bullish, bearish, and breakout colors to match your trading style.
How to Use the Liquidity Levels with Liquidation Sweeps Indicator:
Maximize your trading efficiency with the Liquidity Levels with Liquidation Sweeps Indicator by following these simple steps! 🚀🌟
⚙️ Customize Settings: Access the indicator settings to personalize the TimeFrame Multiplier, High Volume Threshold, and Relative Volume Period. Tailor these settings to match your trading strategy and chart preferences.
👁️ Analyze Liquidity Levels: Monitor the chart for liquidity levels and sweeps. Bullish sweeps are marked with green labels, bearish sweeps with red, and breakouts highlighted by the chart background.
🔔 Set Alerts: Enable alert conditions for liquidity breakouts and sweeps within the indicator's settings. This feature allows you to receive real-time notifications, helping you to act promptly on trading opportunities.
How It Works:
The heart of this indicator lies in its ability to track and highlight liquidity levels derived from swing pivots, and sweeps across multiple timeframes. By calculating relative volume against a user-defined threshold, it identifies strong volume movements indicative of liquidity breakouts, this helps filter out fake-outs. When a liquidity level is breached but not completely mitigated, it's either marked as a bullish or bearish sweep, which come with the option to show an estimate of the number of liquidations during the sweep.
if peakform and peakprinted != 1
aR.push(line.new(bar_index-mult, h.get(1), bar_index+1, h.get(1), color = red))
aRv.push(h.get(1))
peakprinted := 1
if valleyform and valleyprinted != 1
aS.push(line.new(bar_index-mult, l.get(1), bar_index+1, l.get(1), color = green))
aSv.push(l.get(1))
valleyprinted := 1
Market Structure with Inducements & Sweeps [LuxAlgo]The Market Structure with Inducements & Sweeps indicator is a unique take on Smart Money Concepts related market structure labels that aims to give traders a more precise interpretation considering various factors.
Compared to traditional market structure scripts that include Change of Character (CHoCH) & Break of Structures (BOS) -- this script also includes the detection of Inducements (IDM) & Sweeps which are major components of determining other structures labeled on the chart.
SMC & price action traders have historically considered this a more accurate representation of market structure by including these components.
🔶 USAGE
Below we can see a diagram for how market structure is displayed within the Market Structure with Inducements & Liquidity indicator.
Change of Characters (CHoCH) are based on swing points detection, while Break of Structures (BOS) are based on trailing maximum & minimums from the detected Change of Characters. We do this for a more dynamic & timely display of market structure.
🔹 Inducements (IDM)
Traders that consider inducements as a part of their analysis of Change of Characters & Break of Structures can more easily avoid fakeouts within trends as shown below.
In this script IDM's are always required between each market structures.
🔹 Sweeps of Liquidity (x)
SMC traders looking to properly analyze market structure need to look for sweeps of liquidity to ensure levels that are wicked are noted as sweeps, while levels that are fully closed above / below are labeled as confirmed market structures.
In the chart below we can see a Sweep of Liquidity which typically can occur on the longer term price action and indicate a potential reversal.
Notably, since labels such as CHoCH or BOS's can occur at the same level as a Sweep of liquidity, we have allowed the indicator to display the market structure label at the current bar in the event this happens.
The Sweeps of Liquidity are also based on trailing maximum / minimum, which allows for a continuous evaluation of areas for liquidity sweeps to occur.
This can be helpful for traders looking for longer term & shorter term sweeps.
🔶 SETTINGS
CHoCH Detection Period: Detection period for CHoCH's, higher values will return longer term CHoCH's.
IDM Detection Period: Detection period for IDM's, higher values will return longer term IDM's.
Thank you all for 500k followers on TradingView! Enjoy!
Emibap's HEX Uniswap v3 Liquidity PoolThis script will display a histogram of the Uniswap V3 HEX liquidity pool, versus as many tokens as possible.
Current supported pairs:
HEX/USDC
HEX/WETH
HEX/WETH.USD (Ethereum expressed in USD)
HEX/USDT (Just showing the USDC liquidity)
Similar to what you can see in the liquidity section of the Uniswap pool page but conveniently rendered alongside your chart.
It's meant to be used on a HEX / WETH chart only. The price should be expressed in WETH for it to work.
One of the main motivations for using this in your chart is to get an idea of the current sentiment: If most of the volume is above the price it might be an indication of an upcoming move up, for instance.
I'll try to update the liquidity regularly.
Using the 4h, daily, or weekly time frames is highly recommended.
The options are straightforward:
Histogram bars color. Default is blue
Histogram background color. Default is black at 20% opacity
Upper price limit of the diagram: Visible upper bound price limit for the histogram, based on the current price. I.E: 200%: If the price is 1, the histogram will show 3 as the upper bound
Lower price limit of the diagram. Visible lower bound price limit for the histogram, based on the current price. I.E: 99%: If the price is 1, the histogram will show 0. 01 as the upper bound
Width of the widest bar: Width (in bars) for the widest bar of the histogram. The more the higher resolution you'll get
Locked volume marker line thickness
Locked volume marker color
Open Liquidity Heatmap [BigBeluga]Open Liquidity Heatmap is an indicator designed to display accumulated resting liquidity on the chart.
Unlike any other liquidity heatmap, this aims to accumulate liquidity at specific levels that build up over time, showing larger areas of liquidity.
🔶 FEATURES
The indicator includes the following settings:
Lookback : Used to determine the range calculation of the heatmap.
Leverage : Leverage of the liquidation (Counted as % in price, Example: 4.5 will return a distance from price of 4.5%, indicating any possible resting liquidity in this range).
Levels : Amount of levels to display (Each level is counted as liquidity resting on the chart; fewer levels will return a bigger area of liquidity sitting on the chart).
Mode : Apply a color gradient from the minimum liquidation to the maximum liquidity level. Set the maximum color gradient value (Counted as volume).
Offset : Automatically determine the offset range of the Volume Profiles. Manual offset of the Volume Profiles.
🔶 CALCULATION
for i = 0 to step - 1
float plotter = na
switch i
0 =>
plotter := hs
=>
plotter := hs - diff * ( i )
cls.hm.gnL(plotter)
cls.vp.put(plotter, 0)
We calculate levels like a normal volume profile with steps, from the highest point within the lookback to the lowest one. Each level will contain the corresponding amount of volume that the candle has closed in that range.
As we can see in the image above, we add liquidity each time the distance in % from price is between two levels.
Unlike many liquidity indicators that provide a single candle liquidity heatmap, this aims to add up liquidity (volume) in already present levels.
This can be extremely useful to see which levels are likely to be more liquid and tend to get a bigger reaction to the price.
Imagine it like a range of levels that each time price revisits that area, a new position area is added; we add volume in that area each time price visits that zone. Liquidity builds up in those zones, causing a bigger reaction to the price once the price visits it.
This indicator is not the same as a single candle heatmap like many others. What is a single candle heatmap?
A single candle heatmap is when a level is created on every new candle, coloring the level based on the total volume of it.
This indicator, on the contrary, aims to provide a more specific use by adding up liquidity each time price visits it.
🔶 BASIC DEMOSTRATION
This is a basic demonstration of how we can spot high liquidity points overall using confluence:
We see the POC of the liquidation in a low volume area of the normal volume profile adding up as confluence.
Resistance from the POC Volume Profile suggesting price will go lower.
Major long open liquidity down.
As we can see, price takes out all the long liquidity and right after pumping, indicating that all the major liquidity got taken out.
Some key note to take is that a POC in the liquidation heatmap in a low volume area of the normal Volume Profile add confluence of a possible big reaction in that zone.
In the forex market, we suggest to use a low distance from price (Leverage) while in a crypto market you can use the one that fit the best the current timeframe.
🔶 CONCLUSION
This indicator aims to show open resting liquidity that had built up over time, showing the most amount of liquidation in specific areas in an aggregated way unlike many liquidation heatmap indicators that show single-level liquidation.
🔶 RELATED SCRIPT
Williams %R Liquidity Sweeps [UAlgo]🔶Description:
The "Williams %R Liquidity Sweeps " designed to identify potential liquidity sweeps based on the Williams %R oscillator. The indicator helps traders spot areas where liquidity may be accumulating or dispersing rapidly, which can signal potential buying or selling opportunities or confluence/confirmation your decisions.
🔶Key Features:
Williams %R Oscillator: The indicator utilizes the Williams %R oscillator, a momentum indicator that measures overbought and oversold levels.
Liquidity Sweep Detection: It identifies liquidity sweeps by detecting pivot highs and lows within the Williams %R oscillator ( Sweeps only occur in Overbought/Oversold zones ).
Customizable Parameters: Traders can adjust various parameters such as oscillator length, overbought/oversold levels, pivot length, and maximum lines to suit their trading preferences.
Visual Representation: Liquidity sweeps are visually represented on the chart with labels and points that waiting for sweep (green and red lines default) are can be used as support and resistance zones. The indicator dynamically manages the display of support and resistance lines. Removing outdated lines to maintain relevance.
Example for Oscillator Liquidity Sweep:
Disclaimer:
This indicator is provided for informational and educational purposes only and should not be considered financial advice. Trading involves risks, and past performance is not indicative of future results. Users are encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions based on this indicator.
The effectiveness of the indicator may vary depending on market conditions, trading strategies, and other factors. Traders should exercise caution and practice proper risk management techniques when using this or any other trading tool.
SMC Fake Zones + InsideBarThis indicator is useful for whom trade with "Smart Money Concept (SMC)" strategy.
It helps SMD traders to identify fake or weak zones in the chart, So they can avoid taking position in this zones.
This indicator marks "Asia session" as well as "London and New York's Lunch Time (one hour before London and NY session starts)" zones.
It also marks Inside Bar candles which SMC trades consider as order flow. You can mark every Inside Bar or only those with opposite color via setting options.
*** As we know in SMC rules
1- Supply and Demand zones in "Asia session and Lunch Times" are fake zones for SMC trading and price will engulf them in most of times.
2- "Asia session high and low" has huge liquidity and usually price sweep that in London session.
This indicator will helps traders to visually identify those Fake zones and Asia session liquidity.
* You can change session times based on your time zone in settings.
* You can set options to show all Inside Bars or only with Opposite color in settings.
Liquidation Longs/Shorts [UAlgo]🔶Description:
The "Liquidation Longs/Shorts " indicator is designed to identify potential liquidation levels for long and short positions. It calculates the distance of the selected price source (close, high, low, or open) from two moving averages (MA) and plots the resulting values on the chart. When the price is at an extreme distance from the moving averages, it suggests a potential liquidation point for either long or short positions.
🔶Key Features:
Liquidation Calculations: The indicator calculates the distance of the selected price source from two moving averages: a simple moving average (SMA) and an exponential moving average (EMA) with customizable lengths.
Color Customization: Users can customize the colors of the plotted columns representing the distance from the moving averages for long and short liquidation levels.
Liquidation Circles: The indicator marks potential liquidation levels with small circles on the chart, with customizable colors for long and short liquidations.
Orange Circles -> Identifies Potential Short Liquidations
Aqua Circles -> Identifies Potential Long Liquidations
Example:
Adaptive Source Selection: Traders can select the price source (close, high, low, or open) for liquidation calculations, allowing flexibility based on their trading strategies.
Dynamic Threshold Calculation: The indicator dynamically adjusts the liquidation threshold based on the selected moving average lengths, providing adaptability to changing market conditions.
Disclaimer:
Use with Caution: This indicator is provided for educational purposes only and should not be considered as financial advice. Users should exercise caution and perform their own analysis before making trading decisions based on the indicator's signals.
Not Financial Advice: The information provided by this indicator does not constitute financial advice, and the creator (UAlgo) shall not be held responsible for any trading losses incurred as a result of using this indicator.
Backtesting Recommended: Traders are encouraged to backtest the indicator thoroughly on historical data before using it in live trading to assess its performance and suitability for their trading strategies.
Risk Management: Trading involves inherent risks, and users should implement proper risk management strategies, including but not limited to stop-loss orders and position sizing, to mitigate potential losses.
No Guarantees: The accuracy and reliability of the indicator's signals cannot be guaranteed, as they are based on historical price data and past performance may not be indicative of future results.
This indicator serves as a tool to assist traders in identifying potential liquidation levels, but it should be used in conjunction with other technical analysis tools and risk management practices for effective trading decision-making.
Liquidity Sweeps [LuxAlgo]The Liquidity Sweeps indicator detects the presence of liquidity sweeps on the user's chart, while also providing potential areas of support/resistance or entry when Liquidity levels are taken.
In the event of a Liquidity Sweep a Sweep Area is created which may provide further areas of interest.
🔶 USAGE
A Liquidity Sweep occurs when the price breaks through a liquidity level (further referred to as LqL ), after which the price returns below/above the liquidity level , forming a wick.
The script provides 2 options when this can happen:
A wick passes a LqL after which the price quickly returns.
First the closing price breaks through a LqL . After a while, the price retests the LqL and forms a wick in the opposite direction.
The examples above show a bullish and bearish scenario of "a wick passing through an LqL where the price quickly comes back". This type of Liquidity Sweep is represented by a dotted line.
The following example shows a broken LqL , where the price retests the Liquidity zone and bounces back.
Instead of a dotted line, this type of Liquidity Sweep is represented by a dashed line.
When a Liquidity Sweep takes place, this is indicated by highlighting the "wick- LqL " distance. This distance is also the basis for the Sweep Area (see next sub-section). A small 3-bar long dotted line starts from the opposite wick as an extra aid to determine potential support/resistance/entry, ...
Colors can be set in the settings (here yellow and aqua blue instead of default colors for clarity).
🔹 Sweep Areas
The distance between the LqL and the maximum limit of the wick forms a Sweep Area , which can provide a potential support/resistance or entry zone.
These examples show both types of Liquidity Sweeps , followed by a box indicating the Sweep Area .
When the Sweep Area is mitigated or a certain amount of bars has passed (Settings - 'Max bars'), the boxes will no longer be updated.
In this case, the 'Trigger' label shows the bar where the high crossed a LqL , after which a red box starts between LqL and high.
The low of the 'Trigger' bar is the starting point of a short dotted line. Next to the 'Trigger bar' the high touches the Sweep Area before returning, providing a potential short entry. One bar further, another entry opportunity presents itself when the price breaks the small dotted line.
In the following bullish example, not only do we see opportunities when the LqL has been swept, but the following Sweep Area provides some potential entries.
The small green dotted lines also act as a guide where the price breaks above, then forms a small range, after which the price continues in an upward direction.
Here, the initial trigger on the left forms a Sweep Area that is quickly broken. However, the small green line provides a potential entry area later on. The price moves in a short channel before breaking above the LqL (green dashed line), providing more potential entries. Price retests this LqL , and goes below this level. The price remained around the previously formed channel, after which the price resumed its upward trend.
🔶 SETTINGS
🔹 Liquidity Sweeps
Swings: Period used for the swing detection, with higher values returning longer term Liquidity Levels .
Options:
- Only Wicks: Only detects a Liquidity Sweep when a wick sweeps a previous wick
- Only Outbreaks & Retest: Only detects a Liquidity Sweep when the price breaks a Liquidity Level , returns & retests the Liquidity Level , and forms a wick in the opposite direction.
- Wicks + Outbreaks & Retest: Both options can be detected.
🔹 Sweep Area
Extend: Enables/Disables extension of the Sweep Area boxes.
Max Bars: Limit the extension to a certain number of bars.
Color Sweep Area box.
Liquidity Sweeps [UAlgo]
🔶 Description:
This script, "Liquidity Sweeps by UAlgo" aims to identify and visualize potential liquidity sweeps in the market, assisting traders in spotting significant price levels where liquidity may be targeted by large orders. The script highlights pivot points and draws support and resistance lines based on user-defined parameters. When a liquidity sweep occurs, the script dynamically adjusts the displayed lines and provides annotations, signaling potential buying or selling opportunities.
🔶 Key Features:
Pivot Analysis: Utilizes pivot points to identify potential support and resistance levels.
Liquidity Sweep Detection: Dynamically adjusts support and resistance lines based on price action, highlighting liquidity sweep events.
Buy Side Liquidity Sweep Example :
Sell Side Liquidity Sweep Example :
Liquidity areas waiting to be swept are shown as "pivot high" in red and "pivot low" in green.
Customizable Parameters: Allows users to adjust parameters such as pivot length, maximum lines to draw, colors, and line width to suit their trading preferences.
Real-time Annotations: Provides real-time annotations on the chart when liquidity sweep events are detected, aiding traders in decision-making.
Disclaimer:
This script is provided for educational and informational purposes only. Trading involves risks, and it is essential to conduct thorough research and exercise caution when making financial decisions. The author does not guarantee the accuracy or completeness of the information provided by this script, and any actions taken based on this information are at the user's own risk.
Central Banks Balance Sheets ROI% ChangeIntroducing the "Central Banks Balance Sheets ROI% Change" indicator, a tool designed to offer traders and analysts an understanding of global liquidity dynamics.
This indicator tracks the Return on Investment (ROI) percentage changes across major central banks' balance sheets, providing insights into shifts in global economic liquidity not tied to cumulative figures but through ROI calculations, capturing the pulse of overall economic dynamics.
Key Enhancements:
ROI Period Customization: Users can now adjust the ROI calculation period, offering flexibility to analyze short-term fluctuations or longer-term trends in central bank activities, aligning with their strategic time horizons.
Chart Offset Feature: This new functionality allows traders to shift the chart view, aiding in the alignment of data visualization with other indicators or specific analysis needs, enhancing interpretive clarity.
Central Bank Selection: With options to include or exclude data from specific central banks among the world's top 15 economies (with the exception of Mexico and the consolidation of the EU's central bank data), traders can tailor the analysis to their regional focus or diversification strategies.
US M2 Option: Recognizing the significance of the M2 money supply as a liquidity metric, this indicator offers an alternative view focusing solely on the US M2, allowing for a concentrated analysis of the US liquidity environment.
Comprehensive Coverage: The tool covers a wide array of central banks, including the Federal Reserve, People's Bank of China, European Central Bank, and more, ensuring a broad and inclusive perspective on global liquidity.
Visualization Enhancements: A histogram plot vividly distinguishes between positive and negative ROI changes, offering an intuitive grasp of liquidity expansions or contractions at a glance.
This indicator is a strategic tool designed for traders who seek to understand the undercurrents of market liquidity and its implications on global markets.
Whether you're assessing the impact of central bank policies, gauging economic health, or identifying investment opportunities, the "Central Banks Balance Sheets ROI% Change" indicator offers a critical lens through which to view the complex interplay of global liquidity factors.
Emibap's Uniswap V3 HEX/WETH 0.3% Liquidity PoolThis script will display a histogram of the Uniswap V3 HEX / WETH 3% liquidity pool.
Similar to what you can see in the liquidity section of the Uniswap pool page but conveniently rendered alongside your chart.
It's meant to be used on a HEX / WETH chart only. The price should be expressed in WETH for it to work.
One of the main motivations for using this in your chart is to get an idea of the current sentiment: If most of the volume is below the price it might be an indication of an upcoming move up, for instance.
I'll try to update the liquidity regularly.
Using the 4h, daily, or weekly time frames is highly recommended.
The options are straightforward:
Histogram bars color. Default is blue
Histogram background color. Default is black at 20% opacity
Upper price limit of the diagram: Visible upper bound price limit for the histogram, based on the current price. I.E: 200%: If the price is 1, the histogram will show 3 as the upper bound
Lower price limit of the diagram. Visible lower bound price limit for the histogram, based on the current price. I.E: 99%: If the price is 1, the histogram will show 0. 01 as the upper bound
Width of the widest bar: Width (in bars) for the widest bar of the histogram. The more the higher resolution you'll get
Fair Value Gap Absorption Indicator [LuxAlgo]The Fair Value Gap Absorption Indicator aims to detect fair value gap imbalances and tracks the mitigation status of the detected fair value gap by highlighting the mitigation level till a new fair value gap is detected.
The Fair Value Gap (FVG) is a widely utilized tool among price action traders to detect market inefficiencies or imbalances. These imbalances arise when buying or selling pressure is significant, resulting in a large upward or downward move, leaving behind an imbalance in the market.
🔶 USAGE
A fair value gap appears in a triple-candle pattern when there is a large candle whose previous candle’s high and subsequent candle’s low do not fully overlap the large candle. The space between these wicks is known as the fair value gap.
Price can come back to these imbalance areas and mitigate them, however, this is sometimes a process involving multiple bars, the displayed imbalances by the indicator allow tracking the current mitigation level of a displayed imbalance.
Fair value gaps can become a magnet for the price before continuing in the same direction. Traders commonly wait for the price to revert toward the fair value gap to clear out the imbalance before continuing to move toward the prevailing trend.
🔶 SETTINGS
🔹Fair Value Gaps
Fair Value Gap Width Filter: defines the filtering multiplier, please refer to the tooltip of the input option for further details.
Bullish, Imbalance and Mitigation: color customization option.
Bearish, Imbalance and Mitigation: color customization option.
Display Percentage of Mitigation: Display the percentage of the mitigation areas.
Historical Fair Value Gaps: toggles the visibility of the historical fair value gaps.
🔶 LIMITATIONS
Please note that filtering cannot be applied for the first 144 (atr fixed-length) candles since the atr value won't be present that is used for filtering.
🔶 RELATED SCRIPTS
Fair-Value-Gap
HTF-Fair-Value-Gap
Liquidity-Voids-FVG
Liquidity Weighted Moving Averages [AlgoAlpha]Description:
The Liquidity Weighted Moving Averages by AlgoAlpha is a unique approach to identifying underlying trends in the market by looking at candle bars with the highest level of liquidity. This script offers a modified version of the classical MA crossover indicator that aims to be less noisy by using liquidity to determine the true fair value of price and where it should place more emphasis on when calculating the average.
Rationale:
It is common knowledge that liquidity makes it harder for market participants to move the price of assets, using this logic, we can determine the coincident liquidity of each bar by looking at the volume divided by the distance between the opening and closing price of that bar. If there is a higher volume but the opening and closing prices are near each other, this means that there was a high level of liquidity in that bar. We then use standard deviations to filter out high spikes of liquidity and record the closing prices on those bars. An average is then applied to these recorded prices only instead of taking the average of every single bar to avoid including outliers in the data processing.
Key features:
Customizable:
Fast Length - the period of the fast-moving average
Slow Length - the period of the slow-moving average
Outlier Threshold Length - the period of the outlier processing algorithm to detect spikes in liquidity
Significant Noise reduction from outliers:
Peak & Valley Levels [AlgoAlpha]The Peak & Valley Levels indicator is a sophisticated script designed to pinpoint key support and resistance levels in the market. By utilizing candle length and direction, it accurately identifies potential reversal points, offering traders valuable insights for their strategies.
Core Components:
Peak and Valley Detection: The script recognizes peaks and valleys in price action. Peaks (potential resistance levels) are identified when a candle is longer than the previous one, changes direction, and closes lower, especially on lower volume. Valleys (potential support levels) are detected under similar conditions but with the candle closing higher.
Color-Coded Visualization:
Red lines mark resistance levels, signifying peaks in the price action.
Green lines indicate support levels, representing valleys.
Dynamic Level Adjustment: The script adapts these levels based on ongoing market movements, enhancing their relevance and accuracy.
Rejection Functions:
Bullish Rejection: Determines if a candlestick pattern rejects a level as potential support.
Bearish Rejection: Identifies if a pattern rejects a level as possible resistance.
Usage and Strategy Integration:
Visual Aid for Support and Resistance: The indicator is invaluable for visualizing key market levels where price reversals may occur.
Entry and Exit Points: Traders can use the identified support and resistance levels to fine-tune entry and exit points in their trading strategies.
Trend Reversal Signals: The detection of peaks and valleys serves as an early indicator of potential trend reversals.
Application in Trading:
Versatile for Various Trading Styles: This indicator can be applied across different trading styles, including swing trading, scalping, or trend-following approaches.
Complementary Tool: For best results, it should be used alongside other technical analysis tools to confirm trading signals and strategies.
Customization and Adaptability: Traders are encouraged to experiment with different settings and timeframes to tailor the indicator to their specific trading needs and market conditions.
In summary, the Peak & Valley Levels by AlgoAlpha is a dynamic and adaptable tool that enhances a trader’s ability to identify crucial market levels. Its integration of candlestick analysis with dynamic level adjustment offers a robust method for spotting potential reversal points, making it a valuable addition to any trader's toolkit.
Blockunity Stablecoin Liquidity (BSL)Monitor the liquidity of the crypto market by tracking the capitalizations of the major Stablecoins.
Stablecoin Liquidity (BSL) is an ideal tool for visualizing data on major Stablecoins. The number of Stablecoins in circulation is one of the best indices of liquidity within the crypto market. It’s an important metric to keep an eye on, as an increase in the number of Stablecoins in circulation offers a great opportunity to see cryptoasset prices rise. The tool’s multiple on-board display modes enable analysis of its data in the best possible conditions.
The Idea
The goal is to provide the community with the ideal tool to visualize the liquidity of the crypto market, via the state of the market capitalizations of the major Stablecoins.
How to Use
The tool is very easy to use and interpret. First of all, let's distinguish two main elements:
The chart as 3 distinct display modes to let you observe data in the best possible conditions.
There is a panel that summarizes the market capitalizations of the main Stablecoins.
Display Mode: Cumulative
In Cumulative mode (default), the different capitalizations are displayed one on top of the other with colored bands.
You can see that when the number of Stablecoins in circulation increases, crypto asset prices enter an uptrend. And if the liquidity of Stablecoins dries up, the trend will become bearish.
Display Mode: Aggregated
Aggregated mode displays a single line, which is the sum of the different capitalizations, varying between green and red depending on the state of this data according to its moving average declared in the 'Aggregated MA Lengh' field.
You can thus easily see trend changes and therefore opportunities to enter or exit the crypto market.
Display Mode: Independent
The Independent mode also displays the different capitalizations, but detached from each other with labels.
This display mode is particularly interesting for studying transfers from one Stablecoin to another, as can be seen below.
Other Settings
You can choose whether or not to include each of the Stablecoins data, and configure their display color. Note that in 'Cumulative' display mode, the data is taken into account even if the box is unchecked.
How it Works
The tool works in a simple way: We take the market capitalization data of the Stablecoins that interest us, then we process them according to the different display modes.
Let us know if you would like other ways of visualizing this data!
Liquidity Price Depth Chart [LuxAlgo]The Liquidity Price Depth Chart is a unique indicator inspired by the visual representation of order book depth charts, highlighting sorted prices from bullish and bearish candles located on the chart's visible range, as well as their degree of liquidity.
Note that changing the chart's visible range will recalculate the indicator.
🔶 USAGE
The indicator can be used to visualize sorted bullish/bearish prices (in descending order), with bullish prices being highlighted on the left side of the chart, and bearish prices on the right. Prices are highlighted by dots, and connected by a line.
The displacement of a line relative to the x-axis is an indicator of liquidity, with a higher displacement highlighting prices with more volume.
These can also be easily identified by only keeping the dots, visible voids can be indicative of a price associated with significant volume or of a large price movement if the displacement is more visible for the price axis. These areas could play a key role in future trends.
Additionally, the location of the bullish/bearish prices with the highest volume is highlighted with dotted lines, with the returned horizontal lines being useful as potential support/resistances.
🔹 Liquidity Clusters
Clusters of liquidity can be spotted when the Liquidity Price Depth Chart exhibits more rectangular shapes rather than "V" shapes.
The steepest segments of the shape represent periods of non-stationarity/high volatility, while zones with clustered prices highlight zones of potential liquidity clusters, that is zones where traders accumulate positions.
🔹 Liquidity Sentiment
At the bottom of each area, a percentage can be visible. This percentage aims to indicate if the traded volume is more often associated with bullish or bearish price variations.
In the chart above we can see that bullish price variations make 63.89% of the total volume in the range visible range.
🔶 SETTINGS
🔹 Bullish Elements
Bullish Price Highest Volume Location: Shows the location of the bullish price variation with the highest associated volume using one horizontal and one vertical line.
Bullish Volume %: Displays the bullish volume percentage at the bottom of the depth chart.
🔹 Bearish Elements
Bearish Price Highest Volume Location: Shows the location of the bearish price variation with the highest associated volume using one horizontal and one vertical line.
Bearish Volume %: Displays the bearish volume percentage at the bottom of the depth chart.
🔹 Misc
Volume % Box Padding: Width of the volume % boxes at the bottom of the Liquidity Price Depth Chart as a percentage of the chart visible range
Liquidation Estimates (Real-Time) [LuxAlgo]The Liquidation Estimates (Real-Time) experimental indicator attempts to highlight real-time long and short liquidations on all timeframes. Here with liquidations, we refer to the process of forcibly closing a trader's position in the market.
By analyzing liquidation data, traders can gauge market sentiment, identify potential support and resistance levels, identify potential trend reversals, and make informed decisions about entry and exit points.
🔶 USAGE
Liquidation refers to the process of forcibly closing a trader's position. It occurs when a trader's margin account can no longer support their open positions due to significant losses or a lack of sufficient margin to meet the maintenance requirements.
Liquidations can be categorized as either a long liquidation or a short liquidation. A long liquidation is a situation where long positions are being liquidated, while short liquidation is a situation where short positions are being liquidated.
The green bars indicate long liquidations – meaning the number of long positions liquidated in the market. Typically, long liquidations occur when there is a sudden drop in the asset price that is being traded. This is because traders who were bullish on the asset and had opened long positions on the same will now face losses since the market has moved against them.
Similarly, the red bars indicate short liquidations – meaning the number of short positions liquidated in the futures market. Short liquidations occur when there is a sudden spike in the price of the asset that is being traded. This is because traders who were bearish on the asset and had opened short positions will now face losses since the market has moved against them.
Liquidation patterns or clusters of liquidations could indicate potential trend reversals.
🔹 Dominance
Liquidation dominance (Difference) displays the difference between long and short liquidations, aiming to help identify the dominant side.
🔹 Total Liquidations
Total liquidations display the sum of long and short liquidations.
🔹 Cumulative Liquidations
Cumulative liquidations are essentially the cumulative sum of the difference between short and long liquidations aiming to confirm the trend and the strength of the trend.
🔶 DETAILS
It's important to note that liquidation data is not provided on the Trading View's platform or can not be fetched from anywhere else.
Yet we know that the liquidation data is closely tied in with trading volumes in the market and the movement in the underlying asset’s price. As a result, this script analyzes available data sources extracts the required information, and presents an educated estimate of the liquidation data.
The data presented does not reflect the actual individual quantitative value of the liquidation data, traders and analysts shall look to the changes over time and the correlation between liquidation data and price movements.
The script's output with the default option values has been visually checked/compared with the liquidation chart presented on coinglass.com.
🔶 SETTINGS
🔹Liquidations Input
Mode: defines the presentation of the liquidations chart. Details are given in the tooltip of the option.
Longs Reference Price: defines the base price in calculating long liquidations.
Shorts Reference Price: defines the base price in calculating short liquidations.
🔶 RELATED SCRIPTS
Liquidation-Levels
Liquidity-Sentiment-Profile
Buyside-Sellside-Liquidity
Session Breakout/Sweep with alertsThis indicator is based on popular London breakout strategy. but as I noticed that it don't work good with breakouts so I made it to be used as reversal entries as well. By default the timing is set for asian session but you can change it according to your need.
Use as breakout
Use as liquidity sweep
Note:
On some pairs the timing changes automatically (I don't know why), if you face this issue , go to settings and set the timing accordingly and save it as templet so that you don't have to change it every time you load the chart with timing issue.
I hope you guys find it useful. Do share your though and feedback in comments.
Liquidation Levels [LuxAlgo]The Liquidation Levels indicator aims at detecting and estimating potential price levels where large liquidation events may occur.
By analyzing liquidation Levels, traders can identify potential support & resistance levels, identify stop-loss levels, and gauge market sentiment and potential areas of price volatility.
🔶 USAGE
Liquidation refers to the process of forcibly closing a trader's leveraged positions in the market. It occurs when a trader's margin account can no longer support their open positions due to significant losses or a lack of sufficient margin to meet the maintenance margin requirements.
Liquidation events happen at all times and the script focuses on detecting the most significant ones. Bubbles will appear on the relevant price bar when larger trading activity has been detected. Larger bubbles represent more significant potential liquidation levels. The lines attached to the bubbles represent the liquidation zones at that price.
These liquidation levels are based on clusters of price points where highly leveraged traders open long or short positions. High leverage is identified as 100x, 50x, and 25x leverages used for both long and short positions. The script allows users to either remove or customize leverage levels.
Price generally heads towards zones or clusters of liquidity.
🔶 SETTINGS
🔹Liquidation Levels
Reference Price: defines the base price in calculating liquidation levels.
Volume Threshold: The volume threshold is the primary factor in detecting the significant trading activities that could potentially lead to liquidating leveraged positions.
Volatility Threshold: The volatility threshold option is the secondary factor that aims at detecting significant movement in the underlying asset’s price with relatively lower trading activities that could potentially also lead to liquidating high-leveraged positions.
Leverage Options: The leverage options are where the trader will set the desired leverage value and customize the potential liquidation level colors.
Hide Liquidation Bubbles: Toggles the visibility of the bubbles.
Hide Liquidation Levels: Toggles the visibility of the lines.
🔶 RELATED SCRIPTS
Liquidity-Sentiment-Profile
Buyside-Sellside-Liquidity
Liquidity Hunter [ChartPrime]The Liquidity Hunter helps traders identify areas in the market where reversals may occur by analyzing candle formations and structures.
█ Wick-to-Body Analysis:
The Liquidity Hunter analyses each candlestick to identify those with distinctive wick-to-body ratios. By focusing on candles with significant wick imbalances, it can reveal potential liquidity absorption zones that may influence market behavior. Users can fine-tune this ratio to their preferences through customizable body% and wick% inputs, allowing for tailored analysis.
█ Body Size Significance:
To ensure the relevance and impact of its findings, this indicator evaluates the size of the candle body.
Only candles with bodies meeting a certain size threshold are considered, eliminating noise and highlighting candles of significance.
█ Dynamic Target Setting:
The Liquidity Hunter employs the Average True Range (ATR) as a foundation for target calculation. Users can adjust their trading targets by specifying a multiplier, offering flexibility in capturing potential profit or managing risk. Customizable target inputs ensure adaptability to your trading strategy.
█ Stop Loss Protection:
In addition to setting your profit targets, the Liquidity Hunter incorporates stop loss levels, safeguarding your investments from excessive risk. By implementing a well-balanced risk-reward ratio, users may be better at navigating market fluctuations.
█ Market Character Labels:
The Liquidity Hunter Indicator goes beyond basic analysis by detecting changes in market character. It identifies shifts in sentiment providing traders with invaluable insights into evolving market conditions.
█ Candle Color Highlighting:
To enhance user-friendliness and visualization, the indicator employs distinctive candle colors between trades. These color cues help you easily spot and interpret trading opportunities, drawing your attention to potential entry and exit points.
Overall this indicator is designed to help simplify liquidity analysis and give visual targets in a market.
Volumetric Toolkit [LuxAlgo]The Volumetric Toolkit is a complete and comprehensive set of tools that display price action-related analysis methods from volume data.
A total of 4 features are included within the toolkit. Symbols that do not include volume data will not be supported by the script.
🔶 USAGE
The volumetric toolkit puts a heavy focus on price action, returning support/resistance levels, ranges, volume divergences...etc.
The main premise between each feature is that volume has a direct relationship with market participants level of interest over a specific symbol, and that this interest is not constant over time.
Each individual feature is detailed below.
🔹 Ranges Of Interest
The Ranges Of Interest construct a range from a surge of high liquidity in the market. This range is constructed from the price high and price low of the candle with the associated significant liquidity.
The returned extremities can be used as support and resistance, with breakouts often being accompanied by significant liquidity as well, suggesting potential trend continuations.
The length setting associated with this feature determines how sensitive the range detection algorithm is to volume, with higher values requiring more significant volume in order to display a new range.
🔹 Impulses
Impulses highlight times when volume makes a new higher high while the price makes a new higher high or lower low, suggesting increased market participation.
When this occurs when the price makes a new higher high the impulse is considered bullish (green), if the price makes a new lower low the impulse is bearish (red).
Impulses occurring within an established trend opposite to it (e.g a bearish impulse on an uptrend) might be indicative of reversals.
The length setting works similarly to the previously described ranges of interest, with higher values requiring longer-term volume higher high and price higher high/lower low, highlighting more significant impulse and potentially longer-term reversals.
🔹 Levels Of Interest
Levels of interest display price levels of significant trading activity, contrary to the range of interest only the closing price is taken into account, also volume peaks are used to detect significant trading activity.
Note that this feature is subject to backpainting, that is lines are set retrospectively.
Users can determine the amount of most recent levels to display on the chart. These can be used as classical support/resistances.
🔹 Volume Divergence
We define volume divergence as a decreased market participation while a trend is still developing.
More precisely volume divergences are highlighted if volume makes a lower high while price is making a new higher high/lower low.
This can be indicative of a lack of further participation in the current trend, indicating a potential reversal.
Using higher length values will return longer-term divergences.
Note that this feature is subject to backpainting, that is lines are set retrospectively.
🔶 SETTINGS
🔹 Ranges Of Interest
Show Ranges Of Interest: Display Ranges Of Interest.
Length: Ranges Of Interest sensitivity to volume.
🔹 Impulses
Show Impulses: Display Ranges Of Interest.
Length: Impulses sensitivity to volume.
🔹 Levels Of Interest
Show: Determine if Levels Of Interest are displayed, and how many from the most recent.
Length: Level detection sensitivity to volume.
🔹 Volume Divergences
Show Divergences: Determine if Volume Divergences are displayed.
Length: Period for the detection of price tops/bottoms and volume peaks.
