OPEN-SOURCE SCRIPT
Updated Smart Liquidity Map - Institutional MTF
Smart Liquidity Map (SLM) - Multi-Timeframe Institutional Orderblocks
Description:
This advanced trading tool generates a fully automated institutional liquidity map directly on your price chart. By scanning key algorithmic levels, it precisely targets institutional resting orders (Buy-Side & Sell-Side Liquidity). Thanks to a smart adaptive script engine, it works perfectly across any chart resolution, maintaining a rock-solid, constant multi-timeframe perspective.
Core Features:
Fixed Multi-Timeframe Matrix (1H, 4H, 1D):
Removes lower-timeframe noise. The indicator strictly tracks the three most critical institutional horizons: 1-Hour, 4-Hour, and Daily pivots.
Smart Confluence Engine (Combo Zones):
When opposing liquidity levels (BSL & SSL) collide within a narrow price threshold, they instantly merge into a highly significant, dark orange Combo Zone .
Overlay & Cluster Aggregation:
If same-direction levels overlap across different timeframes (e.g., 1H BSL + 4H BSL), the chart remains clean. The dynamic label automatically lists all involved timeframes (e.g., BSL [1H, 4H]).
Volume Profile POC Box:
Dynamically computes the Point of Control (POC) based on historical volume distribution and renders it as a clean, custom gray box with high-contrast labeling.
Real-Time Sweep Mitigation:
As soon as price sweeps a liquidity level, the zone gets updated instantly (removed or faded) to keep your workspace clean and efficient.
Visual Color Guide:
Red: Pure Buy-Side Liquidity (BSL) – Resistance / Short Targets.
Green: Pure Sell-Side Liquidity (SSL) – Support / Long Targets.
Orange: Mixed Combo Zones (BSL + SSL Confluence).
Gray: Volume Profile Point of Control (POC).
Description:
This advanced trading tool generates a fully automated institutional liquidity map directly on your price chart. By scanning key algorithmic levels, it precisely targets institutional resting orders (Buy-Side & Sell-Side Liquidity). Thanks to a smart adaptive script engine, it works perfectly across any chart resolution, maintaining a rock-solid, constant multi-timeframe perspective.
Core Features:
Fixed Multi-Timeframe Matrix (1H, 4H, 1D):
Removes lower-timeframe noise. The indicator strictly tracks the three most critical institutional horizons: 1-Hour, 4-Hour, and Daily pivots.
Smart Confluence Engine (Combo Zones):
When opposing liquidity levels (BSL & SSL) collide within a narrow price threshold, they instantly merge into a highly significant, dark orange Combo Zone .
Overlay & Cluster Aggregation:
If same-direction levels overlap across different timeframes (e.g., 1H BSL + 4H BSL), the chart remains clean. The dynamic label automatically lists all involved timeframes (e.g., BSL [1H, 4H]).
Volume Profile POC Box:
Dynamically computes the Point of Control (POC) based on historical volume distribution and renders it as a clean, custom gray box with high-contrast labeling.
Real-Time Sweep Mitigation:
As soon as price sweeps a liquidity level, the zone gets updated instantly (removed or faded) to keep your workspace clean and efficient.
Visual Color Guide:
Red: Pure Buy-Side Liquidity (BSL) – Resistance / Short Targets.
Green: Pure Sell-Side Liquidity (SSL) – Support / Long Targets.
Orange: Mixed Combo Zones (BSL + SSL Confluence).
Gray: Volume Profile Point of Control (POC).
Release Notes
Engine corrected. This note also supplies the methodology the originaldescription was missing.
WHAT THE LEVELS ARE
Each level is a confirmed pivot high or low: a bar whose extreme is not
exceeded by the N bars on either side of it. Nothing more. The title of
this publication calls them institutional, which overstates the case.
What can be said is narrower and still useful: traders place stops
beyond recent extremes, those stops cluster, and clusters attract price.
The indicator marks where the clusters plausibly sit. It does not see
order flow, and no indicator on this platform can.
BSL marks pivot highs, where stops from short positions accumulate.
SSL marks pivot lows, where stops from long positions accumulate.
TIMEFRAME GRID
Levels are read from a fixed 1H, 4H and 1D grid, with pivot strength
configurable per timeframe.
A timeframe is evaluated only when the chart resolution is equal to or
finer than it. On a 4H chart the 1H layer is switched off rather than
approximated, because a request for 1H data from a 4H chart returns one
value per 4H bar and most 1H pivots are never seen. The previous version
silently substituted chart-timeframe pivots and labelled them 1H, which
made the grid look constant while its contents changed with every
resolution switch. A note in the corner now states which layers are live.
CONFLUENCE
Two levels closer together than the merge tolerance, expressed as a
multiple of ATR(14), are treated as one. Same direction merges into a
single zone carrying both tags. Opposite directions form a combo zone,
which marks a price where stops sit on both sides.
A merge only counts as confluence when the incoming timeframe is not
already on the level. The previous version registered a level against
itself on every bar and flagged almost everything as confluent, which
made the feature meaningless.
SWEEP AND BREAK
Two different things end a level, and the previous version only handled
one of them.
A sweep is a pierce followed by a close back on the original side. Stops
were taken and the level held. This is the event worth an alert.
A break is a close beyond the level. It was accepted rather than
defended and carries no further meaning. It is now cleared silently.
Without this, levels the market had long left behind stayed on the chart
and crowded out current ones.
VOLUME POINT OF CONTROL
Volume from each bar in the lookback window is spread evenly across that
bar's high-low range and binned. The bin holding the most volume is
drawn as the POC. This approximates a volume profile without tick data,
so it is an estimate, not a measured distribution. It recalculates on
the last bar and therefore moves as new bars arrive.
LIMITS
Pivots are confirmed N bars after they print, so a level appears with
that delay by construction. Stop clustering is a tendency, not a rule,
and plenty of levels are crossed without reaction. The indicator
produces no directional signal and no entry.
CHANGES IN THIS UPDATE
- Detection triggers once per pivot instead of on every bar.
- Timeframes coarser than the chart are disabled, not approximated.
- Confluence only counts genuinely new timeframes.
- Levels broken by a close are cleared.
- Zones are anchored at the pivot bar rather than the detection bar.
- Cleanup handles multi-timeframe tags correctly.
- Three data requests instead of six.
- Default zone height raised so zones render as bands.
Open-source script
In true PulseWire spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Swiss Trend AI — indicators that show which phase the market is in.
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 PulseWire. Read more in the Terms of Use.
Open-source script
In true PulseWire spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Swiss Trend AI — indicators that show which phase the market is in.
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 PulseWire. Read more in the Terms of Use.