EonMetrics Liquidity ToolkitLiquidity Toolkit by EonMetrics
WHAT IT DOES
Whenever price makes a swing high or a swing low, a cluster of pending stop orders tends to sit just beyond it — buy-stop orders resting just above a swing high, and sell-stop orders resting just below a swing low. This is what traders call "liquidity." Large market participants often push price briefly through one of these levels to trigger those resting orders (grabbing the liquidity) before reversing back the other way — which is why these levels frequently mark turning points, not just breakout points.
This indicator finds and tracks these levels automatically:
- Buyside Liquidity (BSL) — the resting buy-stop cluster above a swing high, drawn as a line until price reaches it.
- Sellside Liquidity (SSL) — the resting sell-stop cluster below a swing low, drawn the same way.
- Equal Highs / Equal Lows (EQH / EQL) — when two or more swing highs (or lows) line up at almost the same price, that's a bigger, more obvious pool of resting orders (a double or triple top/bottom) — a stronger magnet for price than a single level.
- Liquidity Sweep — the actual moment a level gets taken: a wick pierces through it and price closes back on the original side. This can optionally require above-average volume on that candle, so you only see genuine, forceful grabs instead of every minor wick poke.
- Previous Day/Week High & Low (PDH / PDL / PWH / PWL) — the same tracking and sweep logic applied to yesterday's and last week's high/low, which tend to be some of the largest, most-watched liquidity targets of all.
Every level also shows a strength tag — the actual volume traded when it formed, plus how many times average that is (e.g. "340k (2.3x)") — so you can tell a level that formed with real conviction from one that formed on a quiet, unremarkable candle.
HOW TO ACTUALLY USE IT (STEP BY STEP)
1. Decide which side you're watching, then wait for the actual sweep — don't trade a level just because it's sitting there on the chart.
- Looking to go short? Find a Buyside Liquidity (BSL) level (or an Equal High) sitting above the current price, and wait for the sweep marker to appear — a wick punches through it, then price closes back below it.
- Looking to go long? Find a Sellside Liquidity (SSL) level (or an Equal Low) sitting below the current price, and wait for the sweep marker there — a wick punches through it, then price closes back above it.
2. Give extra weight to Equal Highs/Lows (marked EQH/EQL, especially ones with a "x2" or "x3" touch count) and to the Previous Day/Week High/Low lines — these are the bigger, more heavily-defended levels, so a sweep there tends to matter more than a sweep of a single minor swing.
3. Check the strength label on the swept level before acting — a sweep that happened on 2x average volume or higher is a far more convincing signal of a genuine reversal than one on below-average volume.
4. Treat the sweep as your trigger, not the resting level itself: a Buyside sweep points you toward looking for shorts, a Sellside sweep points you toward looking for longs.
5. Levels that get swept turn gray and dotted automatically — that tells you at a glance which levels have already been taken and are no longer valid targets, versus which ones are still resting and still ahead of price.
EVERY SETTING EXPLAINED
General group
- Swing Length (bars) — how many candles on each side must be lower/higher for a point to count as a real swing. A bigger number only catches major, more significant levels; a smaller number catches minor ones (more levels, more frequently).
- Max Levels Tracked — the maximum number of levels kept on the chart at once. Once you go over this, the oldest one is dropped. Lower this for a cleaner chart and better performance.
Buyside / Sellside Liquidity group
- Show BSL / SSL Levels — master on/off switch for these lines.
- Buyside (BSL) Color / Sellside (SSL) Color — line colors for each type.
- Line Width — thickness of the level lines.
- Line Style — solid, dashed, or dotted.
Equal Highs / Equal Lows group
- Highlight Equal Highs / Lows — turns on the automatic merging of two nearby swing highs (or lows) into one highlighted EQH/EQL pool.
- Equality Tolerance (x ATR) — how close two levels need to be in price (relative to recent volatility) to count as "equal." A larger value merges more loosely (more pairs count as equal); a smaller value requires them to be nearly identical.
- Equal High (EQH) Color / Equal Low (EQL) Color.
- Extend EQH/EQL Right — when off (default), an equal pool is just drawn as a short connector between the two matching swings. When on, it's also projected forward to the right as a live target, the same way single BSL/SSL levels are.
Level Strength group
- Show Level Strength — adds the volume text tag to every level (raw volume plus the multiple vs. the recent average, e.g. "340k (2.3x)"). Equal pools also show how many times that price has been touched (e.g. "EQH x3"). Turn this off for a cleaner look with just the lines and BSL/SSL/EQH/EQL tags.
Liquidity Sweep group
- Show Sweep Markers — turns on the small marker that appears the moment a level is swept.
- Enable Volume Filter — when on, a sweep is only confirmed if the candle that caused it traded on unusually high volume, filtering out weak/low-conviction wicks.
- Volume Multiplier vs. Average — how many times above the average volume that candle must trade to confirm a sweep. Only used when the Volume Filter above is on.
- Volume Lookback (bars) — how many past candles are averaged together to calculate that "average volume" baseline.
- Swept Level Color — the color a level turns once it has been taken, so already-used levels are still visible but clearly distinguished from live ones.
Higher-Timeframe Liquidity (PDH / PDL / PWH / PWL) group
- Show Previous Day High / Low — turns on tracking of yesterday's high and low as full liquidity levels (works on intraday charts only).
- Show Previous Week High / Low — turns on tracking of last week's high and low the same way (works on intraday and daily charts).
- Prev Day (PDH / PDL) Color / Prev Week (PWH / PWL) Color.
- HTF Line Width — thickness of these lines. Thicker by default than regular swing levels, since they're generally the more important reference points.
Labels group
- Show Level Labels — master switch for all the small text tags (BSL / SSL / EQH / EQL) shown on each level.
- Label Size — Tiny, Small, or Normal text size for those tags.
Indicator
Liquidity PoolsThis script is an automated liquidity mapping tool based on ICT concepts. It actively hunts your chart for zones where retail stop losses and pending breakout orders are clustered.
Here is a breakdown of how the script functions and visualizes liquidity on your chart:
1. Automatic Pivot Detection (Old Highs & Old Lows)
The script continuously monitors price action to find major structural turning points (swing highs and swing lows).
When a confirmed swing high forms, it registers it as Buy-Side Liquidity (BSL) and draws a blue line projecting to the right. This marks a zone where retail traders have placed their buy-stop loss orders above the high.
When a confirmed swing low forms, it registers it as Sell-Side Liquidity (SSL) and draws a red line projecting to the right. This marks a zone where sell-stop loss orders are resting.
2. Equal Highs (EQH) and Equal Lows (EQL) Detection
In ICT methodology, the most powerful magnets for price are "Relative Equal Highs" or "Relative Equal Lows".
The script actively measures the distance between a newly formed pivot and an old active pivot.
If a new pivot forms within a few ticks of an old one (customizable in settings), the script recognizes it as highly engineered liquidity!
It automatically thickens the line, changes its color to bright orange, and updates the text label to EQH or EQL, signaling an extremely high-probability draw on liquidity.
3. Smart Text Labeling
To ensure you never have to guess what a line means, the script pins a text label (BSL, SSL, EQH, or EQL) directly at the starting point of every liquidity pool.
4. Sweep Detection & "Stop-Hunting" Tracking
Liquidity pools are only valid until they are traded through.
The script tracks every live tick. The exact moment price sweeps through a liquidity line, it stops extending the line.
It drops a small "X" right where the line was broken. This gives you a permanent historical footprint on your chart of exactly where and when "Smart Money" swept stops.
5. Memory Management
Because liquidity lines could theoretically build up infinitely and crash your chart, the script has built-in garbage collection. It only keeps track of the 15 most recent unswept pools (you can change this number in the settings) so your chart always stays clean and fast. Indicator
Liquidity Magnet ICT Liquidity & Sweeps [LunqFX]Liquidity Magnet is an ICT / Smart Money Concepts (SMC) liquidity indicator that maps buy-side and sell-side liquidity (BSL / SSL) and ranks every liquidity pool by how likely it is to be swept next. Instead of just drawing equal highs, equal lows and swing liquidity, it scores each resting pool of liquidity with a transparent 0–100 "Magnet Score" and highlights the single strongest draw on price as the NEXT TARGET — so you can anticipate the next liquidity sweep, stop hunt or liquidity grab before it happens.
If you trade ICT concepts, order flow, smart money, or supply and demand, this tool answers the one question every liquidity-based strategy needs: where is price most likely to go to take liquidity next?
WHAT IT DOES
• Detects liquidity pools automatically — swing highs / lows and equal highs / equal lows (EQH / EQL) where stop-losses cluster.
• Scores each pool 0–100 with the Magnet Score, a transparent weighted formula.
• Flags the strongest pool as the NEXT TARGET with a live arrow, price and probability.
• Marks pools as swept the moment price closes through them, then fades them.
• Shows a clean live dashboard: next target, probability, distance, bias and pool counts.
• Recolors the chart with neon gradient candles (turquoise bullish / violet bearish).
HOW THE MAGNET SCORE WORKS
The Magnet Score is fully transparent — no black box. Each unswept pool is graded on four weighted factors:
1. Proximity — how close the pool sits to current price (closer pulls harder).
2. Momentum — whether current momentum is moving toward the pool.
3. Age — how long the pool has rested untouched (older pools hold more liquidity).
4. Touches — how many times price has tagged the level (more taps = more stops stacked).
The four factors are combined into a single 0–100 score. The pool with the highest score, within a maximum distance from price, becomes the NEXT TARGET. If no pool is strong or close enough, the panel honestly reports "No clear magnet" instead of inventing a far-away target.
HOW TO USE IT
1. Read the BIAS in the panel — BUY-SIDE PULL means liquidity above is the draw (look for longs into the target); SELL-SIDE PULL means liquidity below is the draw (look for shorts).
2. Find the NEXT TARGET — the highlighted pool is where price is most likely to sweep liquidity next. Use it as a logical take-profit / objective.
3. Check the PROBABILITY bar — higher score = stronger magnet. Weak scores mean price is in a low-liquidity void; be patient.
4. Watch DISTANCE — how far the target is in %. Tight distance = an immediate objective; large distance = a swing objective.
5. Trade the sweep — as price reaches a pool and sweeps it, watch for the reaction. Swept pools fade automatically so the chart always shows live, unmitigated liquidity only.
Tip: combine the NEXT TARGET with your own entry model (FVG, order block, market structure). Liquidity Magnet tells you WHERE liquidity sits and which pool is the draw — you choose the entry.
THE DASHBOARD
• NEXT TARGET — price of the strongest liquidity pool and its probability.
• Probability bar — visual 0–100 strength of the current magnet.
• Distance — % distance from price to the target.
• Touches — how many times the target level was tested.
• Bias — overall liquidity pull (buy-side vs sell-side).
• Buy-side / Sell-side pools — count of active unmitigated pools on each side.
NON-REPAINTING
All liquidity pools are built from confirmed pivots (a fixed lookback of closed bars), and every sweep is confirmed on closed bars only — barstate.isconfirmed. Scores and visuals are display-side and never rewrite history. No request.security, no lookahead, no future leak. What you see is what actually happened.
SETTINGS
Liquidity Engine
• Swing length — pivot lookback; higher = only major swings become pools.
• Equal-level tolerance — how close two highs/lows must be (in ATR) to merge into one pool and count as a touch.
• Max pools per side — cap on active pools above and below.
• Max pool age — pools older than this are removed.
Magnet Score
• Proximity range, Momentum lookback / range — sensitivity of the score factors.
• Weights: proximity / age / touches / momentum — fully customizable scoring.
• Min score to flag target — hide weak magnets below this score.
• Max target distance % — a pool farther than this can never be the NEXT TARGET.
Neon Candles
• Neon gradient candles on/off, Glow halo on/off.
Panel
• Show panel, position, background / text / accent colors.
BEST USED ON
Forex, Gold (XAUUSD), indices, crypto and stocks. Works on all timeframes; intraday (15m–4H) is ideal for liquidity sweeps, higher timeframes for swing objectives.
Keywords: liquidity, liquidity sweep, liquidity pools, ICT, SMC, smart money concepts, buy-side liquidity, sell-side liquidity, BSL, SSL, equal highs, equal lows, EQH, EQL, stop hunt, liquidity grab, order flow, smart money, market structure.
This indicator is a decision-support tool, not financial advice. Always combine it with your own analysis and risk management.
Indicator
Liquidity Hunter Pro [Rehan Khanani]🎯 Liquidity Hunter Pro — Institutional Liquidity Zone Detector
Stop trading random support/resistance. This indicator finds real institutional liquidity zones where smart money operates — and tells you exactly WHEN to enter using 4 advanced reversal signals.
🔴 What are BSL and SSL Zones?
BSL (Buy-Side Liquidity) = Zones ABOVE price where stop losses of short sellers are resting. Institutions hunt these to fill their sell orders.
SSL (Sell-Side Liquidity) = Zones BELOW price where stop losses of buyers are resting. Institutions hunt these to fill their buy orders.
When price sweeps these zones and REVERSES — that is your trade opportunity.
⚡ 4 Reversal Signals Explained
🔴 ABS (Absorption) — Big players aggressively absorbed the sweep. Strongest signal. Institutions trapped the move.
🟡 EXH (Exhaustion) — Dry sweep with minimal volume. Market ran out of fuel. Reversal due to weakness, not force.
🟠 DIV (Delta Divergence) — FOMO trap. High volume entered but price failed to break. Retail trapped = reversal fuel.
🟢 REJ (Snapback Rejection) — Sweep followed by immediate strong rejection candle. Clean and easy to trade.
✨ Key Features
★★★★★ Zone Strength Score — Focus only on high-quality institutional zones. 1 to 5 stars based on volume and pivot size.
Zone Health % (Decay) — Each zone shows live health %. When health drops to 0%, zone is exhausted and sweep is likely.
Auto R:R Lines — SL and TP levels drawn automatically when signal fires. No manual drawing needed.
Premium / Discount Labels — Zones above 50% of range = Premium (sell area). Below = Discount (buy area). ICT concept made visual.
Sweep Test Counter — Tracks how many times price tested each zone. First-touch zones are strongest.
Volume Delta Inside Zones — See exactly where buying or selling pressure is concentrated across 4 quadrants inside every zone.
Live Signal Dashboard — Win % for each signal type shown on your chart in real time. Know your edge before you trade.
Built-in Alerts — Get notified when price enters or sweeps a zone. No need to watch screen all day.
👥 Who Is This For?
✅ Smart Money / ICT concept traders
✅ Forex traders (XAUUSD, EURUSD, GBPJPY and all majors)
✅ Crypto traders (BTC, ETH, altcoins)
✅ Price action traders who want volume confirmation
✅ Beginners learning institutional trading concepts
✅ Busy traders who rely on alerts
📖 How To Use
Add to chart. Set Pivot Length (default 15 works for daily/4H).
Look for zones with 3 stars or more — ignore weak zones.
Wait for price to reach the zone — do NOT enter early.
Wait for a signal label (ABS / EXH / DIV / REJ) to appear.
Use the auto-drawn SL and TP lines for your trade plan.
Check the dashboard to see which signal type performs best on your asset.
⚙️ Settings You Can Adjust
Pivot Length — Controls zone detection sensitivity
Max Zones per Side — Clean up your chart
Zone Volume Capacity — Controls how fast zone health decays
Risk:Reward Target — Default 2:1, adjust to your style
Show/Hide: Strength Stars, Premium/Discount Labels, Sweep Counter, R:R Lines, Dashboard
Indicator
SupOsc + SSL + Willy SignalsWhat It Does
This is a confluence signal indicator that combines three separate technical indicators and only fires a buy or sell signal when all three agree simultaneously. The idea is to reduce false signals by requiring multiple independent conditions to align before triggering an entry. It plots simple B (buy) and S (sell) labels directly on your chart.
The Three Indicators
1. SuperTrend Oscillator (SupOsc)
A normalized oscillator built from a SuperTrend calculation. Rather than plotting the SuperTrend line itself, it measures how far price is from the SuperTrend bands and converts that into an oscillator value between -1 and +1. A smoothed EMA histogram runs underneath it. For signals, it watches for the oscillator crossing the -0.50 level upward (buy) or crossing the +0.50 level downward (sell). Think of it as a momentum/trend confirmation filter.
2. SSL Channel
A simple but effective trend direction tool that uses SMAs of the highs and lows to determine whether price is in a bullish or bearish regime. When the upper SSL line is above the lower line, it's bullish. When below, it's bearish. The signal requires SSL to be confirming the same direction as the SupOsc before anything fires.
3. Williams %R
A momentum oscillator that measures where price closed relative to its recent high-low range, on a scale of 0 to -100. The indicator checks the previous candle's Williams %R reading — requiring it to have been in oversold territory (below -80) for buys, or overbought territory (above -20) for sells. This acts as a pullback/exhaustion filter, helping you buy dips and sell rips rather than chasing.
Does It Repaint?
Largely no, but with one caveat to be aware of.
The SupOsc and Williams %R components are calculated purely on current timeframe bars using standard closed-bar data — no repainting there.
The SSL component uses request.security() with lookahead=barmerge.lookahead_off, which is the correct, repaint-safe setting. However, if you set the SSL Timeframe to a higher timeframe than your chart, the SSL values will only update when that higher timeframe bar closes — meaning mid-bar the value reflects the previous completed HTF bar, which is standard and expected behavior, not true repainting.
The Williams %R check also looks at wR (the previous bar's value), which is already a closed bar — safe.
Bottom line: Signals that appear on a closed bar will not disappear or move. Signals on the current live bar could technically shift if conditions change before the bar closes, which is true of virtually any indicator.
Personally I find it works best for confirmations when combined with the CCI as seen in the image below.
Indicator
Indicator
cd_VWAP_mtg_CxCd_VWAP_mtg_Cx
Overview
The most important condition for being successful and profitable in the market is to consistently follow the same rules without compromise, while the price constantly moves in countless different ways.
Regardless of the concept or trading school, those who have rules win.
In this indicator, we will define and use three main sections to set and apply our rules.
The indicator uses the VWAP (Volume Weighted Average Price) — price weighted by volume.
Two VWAPs can be displayed either by manually entering date and time, or by selecting from the menu.
From the menu, you can select the following reference levels:
• HTF Open: Opening candle of the higher timeframe
• ATH / ATL: All-Time High / All-Time Low candles
• PMH / PML, PWH / PWL, PDH / PDL, PH4H / PH4L: Previous Month, Week, Day, or H4 Highs/Lows
• MH / ML, WH / WL, DH / DL, H4H / H4L: Current Month, Week, Day, or H4 Highs/Lows
Additionally, it includes:
• Mitigation / Order Block zones (local buyer-seller balance) across two timeframes.
• Buy/Sell Side Liquidity levels (BSL / SSL) from the aligned higher timeframe (target levels).
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Components and Usage
1 – VWAP
Calculated using the classical method:
• High + Volume for the upper value
• Close + Volume for the middle value
• Low + Volume for the lower value
The VWAP is displayed as a colored band, where the coloring represents the bias.
Let’s call this band FVB (Fair Value Band) for ease of explanation.
The FVB represents the final line of defense, the buyer/seller boundary, and in technical terms, it can be viewed as premium/discount zones or support/resistance levels.
Within this critical area, the strong side continues its move, while the weaker side is forced to retreat.
But does the side that breaks beyond the band always keep going?
We all know that’s not always the case — in different pairs and timeframes, price often violates both the upper and lower edges multiple times.
To achieve more consistent analysis, we’ll define a new set of rules.
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2 – Mitigation / Order Blocks
In trading literature, there are dozens of different definitions and uses of mitigation or order blocks.
Here, we will interpret the candlesticks to create our own definition, and we’ll use the zones defined by candles that fit this pattern.
For simplicity, let’s abbreviate mitigation as “mtg.”
For a candle to be selected as an mtg, it must clearly show strength from one side (buyers or sellers) — which can also be observed visually on the chart.
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Bullish mtg criteria:
1. The first candle must be bullish (close > open) → buyers are strong.
2. The next candle makes a new high (buyers push higher) but fails to close above and pulls back to close inside the previous range → sellers react.
It also must not break the previous low → buyers defend.
3. In the following candle(s), as long as the first candle’s low is protected and the second candle’s high is broken, it indicates buyer strength → a bullish mtg is confirmed.
When price returns to this zone later (gets mitigated), the expectation is that the zone holds and price pushes upward again.
If the low is violated, the mtg becomes invalid.
In technical terms:
If the previous candle’s high is broken but no close occurs above it, the expectation is a reversal move that will retest its low.
Question:
What if the low is protected and in the next candle(s) a new high forms?
Answer: → Bullish mtg.
Bearish mtg (opposite)
3 – Buy/Sell Side Liquidity Levels
With the help of the aligned higher timeframe (swing points), we will define our market structure framework and set our liquidity targets accordingly.
Let’s put the pieces together.
If we continue explaining from a trade-focused perspective, our first priority should be our bias — our projection or expectation of the market’s potential movement.
We will determine this bias using the FVB.
Since we know the band often gets violated on both sides, we want the price action to convince us of its strength.
To do that, we’ll use the first candle that closes beyond the band.
The distance from that candle’s high to low will be our threshold range
Bullish level = high + (candle length × coefficient)
Bearish level = low - (candle length × coefficient)
When the price closes beyond this threshold, it demonstrates strength, and our bias will now align in that direction.
How long will this bias remain valid?
→ Until a closing candle appears on the opposite side of the band.
If a close occurs on the opposite side, then a new bias will only be confirmed once the new threshold level is broken.
During the period in between, we have no bias.
Let’s continue on the chart:
Now that our bias has been established, where and how do we look for trade opportunities?
There are two possible entry approaches:
• Aggressive entry: Enter immediately with the breakout.
• Conservative entry: Wait for a pullback and enter once a suitable structure forms.
(The choice depends on the user’s preference.)
At this stage, the user can apply their own entry model. Let’s give an example:
Let’s assume we’re looking for setups using HTF sweep + LTF CISD confirmation.
Once our bias turns bearish, we look for an HTF sweep forming on or near an FVB or mtg block, and then confirm the entry with a CISD signal.
In summary:
• FVB defines the bias, the entry zone, and the target zone.
• Mtg blocks represent entry zones.
• BSL / SSL levels suggest target zones.
Overlapping FVB and mtg blocks are expected to be more effective.
The indicator also provides an option for a second FVB.
A band attached to a lower timeframe can be used as confirmation.
• Main band: Bias + FVB
• Extra band: Entry trigger confirmed by a close beyond it.
Mtg blocks can provide trade entry opportunities, especially when the price is moving strongly in one direction (flow).
Consecutive or complementary mtg blocks indicate that the price is decisive in one direction, while sometimes also showing areas where we should wait before entering.
Mtg blocks that contain an FVG (Fair Value Gap) within their body are expected to be more effective.
Settings:
The default values are set to 1-3-5m, optimized for scalping trades.
VWAP settings:
Main VWAP (FVB):
• Can be set by selecting a start time, manually entering date and time, or choosing a predefined level.
Extra VWAP (FVB):
• Set from the menu. If not needed, select “none.”
• Visibility, color, and fill settings for VWAP are located here.
• Threshold levels visibility and color options are also in this section.
• The multiplier is used for calculating the threshold level.
Important:
• If the Extra VWAP is selected but not displayed, you need to increase the chart timeframe.
o Example: If the chart is on 3m and you select WH from the extra options, it will not display correctly.
• Upper limits for VWAP:
o 1m and 3m charts: daily High/Low
o 5m chart: weekly High/Low
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Mtg Settings:
• Visibility and color settings for blocks are configured here.
• To display on a second timeframe, the box must be checked and the timeframe specified.
• Optional display modes: “only active blocks,” “only last violated mtg,” or “all.”
• For confirmation and removal criteria, choosing high/low or close determines the source used for mtg block formation and deletion conditions.
BSL/SSL Settings:
• Visibility, color, font size, and line style can be configured in this section.
When “Auto” is selected, the aligned timeframe is determined automatically by the indicator, while in manual mode, the user defines the timeframe.
Final Words:
Simply opening trades every time the price touches the VWAP or mtg blocks will not make you a profitable trader. Searching for setups with similar structures while maintaining proper risk management will yield better results in the long run.
I would be happy to hear your feedback and suggestions.
Happy trading!
Indicator
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Liquidity Channels [TFO]This indicator was built to visually demonstrate the significance of major, untouched pivots. With traders commonly placing orders at or near significant pivots, these areas are commonly referred to as Resting Liquidity. If we attribute some factor of growth over time, we can quickly visualize that certain pivots originated much further away than others, if their channels appear larger.
A pivot in this case is validated by the Liquidity Strength parameter. If set to 50 for example, then a pivot high is validated if its high is greater than the high of the 50 bars to the left and right of itself. This also implies a delay in finding pivots, as the drawings won't actually appear until validation, which would occur 50 bars after the original high has formed in this case. This is typical of indicators using swing highs and lows, as one must wait some period of time to validate the pivots in question.
The Channel Growth parameter dictates how much the Liquidity Channels will expand over time. The following chart is an example, where the left-hand side is using a Channel Growth of 1, and the right-hand side is using a Channel Growth of 10.
When price reaches these levels, they become invalidated and will stop extending to the right. The other condition for invalidation is the Delete After (Bars) parameter which, when enabled, declares that untouched levels will be deleted if the distance from their origin exceeds this many bars.
This indicator also offers an option to Hide Expanding Channels for those who just want the actual levels on their chart, without the extra visuals, which would look something like the below chart.
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Indicator
Liquidity Candles with Prev Day High/Low and Midnight OpenAlright, let's talk about how to use this fancy indicator. But first, let me warn you, using indicators is like driving a car, you can't just press the gas pedal and hope for the best. You need to know what you're doing, or else you'll crash and burn faster than a soufflé in a microwave.
Now, let's get started. The first thing you need to do is understand what this indicator is telling you. Think of it like a signalman at a train station. He's waving flags and giving hand signals to tell you whether it's safe to proceed or if you need to stop and wait. This indicator works the same way.
It's going to give you signals based on price movements, telling you whether it's safe to buy or sell. But don't get too excited, my friend. You still need to use your brain and make smart decisions. Don't just blindly follow the signals, or else you'll end up like a sheep being led to the slaughter.
Now, let's talk about some of ICT's smart money trading concepts. First up, we have "liquidity grabs". This is when the big boys in the market create false breakouts to shake out the weak hands. They're like school bullies stealing lunch money from the little kids. But you can avoid being a victim by watching for signs of a liquidity grab, and using your brain to decide whether it's a real breakout or just a trap.
Next up, we have "stop runs". This is when the big players purposely trigger stop-loss orders to get a better entry or exit. It's like a game of chicken, but with your money on the line. To avoid being run over, keep an eye on your stop-loss orders, and don't be too predictable in your trading.
Finally, we have "market structure". This is like the blueprint of the market, showing you where the support and resistance levels are. It's like a treasure map to finding the best trades. But don't forget that market structure can change over time, so keep updating your map and stay ahead of the game.
So there you have it, my friend. A quick tutorial on using this indicator, with a side of ICT's smart money trading concepts. But remember, indicators are just tools, and you're the one driving the car. Use your brain, stay alert, and don't be a sheep. Happy trading!
Divergent Trades LLC:
Disclaimer: The information provided by the Divergent Trades LLC indicator is for educational and informational purposes only. It should not be considered financial advice or a recommendation to buy, sell, or trade any financial instrument. Divergent Trades LLC is not responsible for any losses incurred as a result of using this indicator. Trading in the financial markets carries a high level of risk and may not be suitable for all investors. Before making any investment decisions, please consult with a financial advisor and do your own due diligence. Past performance is not indicative of future results. By using the Divergent Trades LLC indicator, you acknowledge that you have read and understand this disclaimer and agree to its terms and conditions. Indicator
Indicator
Strategy
MAGIC MACDMAGIC MACD ( MACD Indicator with Trend Filter and EMA Crossover confirmation and Momentum). This MACD uses Default Trading view MACD
from Technical indicators library and adding a second MACD along with 3 EMA's to detect Trend and confirm MACD Signal.
Eliminates usage of 3different indicators (Default MACD , MACD-2,EMA5, EMA20, EMA50)
Basic IDEA.
Idea is to filter Histogram when price is above or below 50EMA. Similar to QQE -mod oscillator but Has a EMA Filter
1.Take DEFAULT MACD crossover signals with lower period
2.check with a Higher MACD Histogram.
3.Enter upon EMA crossover signal and Histogram confirmation.
Histogram changes to GRAY when price is below EMA 50 or above EMA 50 (Follows Trend)
4.Exit on next Default MACD crossover signal.
Overview :
Moving Average Convergence Divergence Indicator Popularly Known as MACD is widely used. MACD Usually generates a lots of False signals
and noise in Lower Time Frames, making it difficult to enter a trade in sideways market. Divergence is a major issue along with sideways
movement and tangling of MACD and Signal Lines. There is no way to confirm a Default MACD signal, except to switch time frames and
verify.
Magic MACD Can be used to in combination with other signals.
This MACD uses two MACD Signals to verify the signal given by Default MACD . The Histogram Plot shown is of a higher period
MACD (close,5,50,30) values. When a signal is generated on a lower MACD it is verified by the histogram with higher time period.
Technicals Used:
1. Lower MACD-1 values 12,26 and signal-9 (crossover Signals)
2. Higher MACD-2 values 5,50 and signal-30 (Histogram)
3. EMA 50 (Histogram Filter to allow only if price above or below Ema 50)
4. EMA 5 and EMA 20 for crossover confirmation of trend
What's is in this Indicator?
1.Histogram-(higher period 5,50 and 30signal)
2. MACD crossover Signals-(lower period Default MACD setting)
3.Signal Lines-( EMA 5 & 20)
Implemented & Removed in this Indicator
1. Default MACD and Signal Lines are removed completely
2. MACD crossover are taken on lower periods and plotted as signals(Blue Triangle or Red Triangle)
3. Histogram is plotted from a higher Period providing a clear picture with Higher Time period
4. EMA 5 and EMA 20 are used for MACD signal confirmation
How to use?
Up Signal
1. MACD Default (12,26,30) up signals are shown in Blue
2. Wait till the Histogram changes Blue
3. Look for EMA signals crossover near by
Down Signal
1. MACD Default (12,26,30) up signals are shown in Red
2. Wait till the Histogram changes Red
3. Look for EMA signals crossover near by
Do's
Consider only opposite color as signals
1. Red Triangle on Blue Histogram(likely to move down direction)
2. Blue Triangle on Red Histogram (Likely to move up direction)
Don'ts
1.Ignore Blue Signal on Blue Histogram (pull back signals can be used to enter trade if you miss first crossover)
2.Ignore Red Signal on Red Histogram(pull back signals can be used to enter trade if you miss first crossover)
3.Ignore Up and Down signals till Gray or Blacked out area is finished in Histogram
Tips:
1. EMA plot also shows pull back areas along with signals
2.side by side opposite signals shows sides ways movement
3. EMA 5,20 is plotted on MACD Histogram for Additional Benefit
Thanks & Credits
To Tradingview Team for allowing me to use their default MACD version and coding it in to a MAGIC MACD by adding a few lines of code that
makes it more enhanced.
Warning...!
This is purely for Educational purpose only. Not to be used as a stand alone indicator. Usage is at your own Risk. Please get familiar with its working before implementing. Its not a Financial Advice or Suggestion . Any losses or gains is at your own risk. Indicator
[Sniper] SSL Hybrid + QQE MOD + Waddah Attar StrategyHi. I’m DuDu95.
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This is the script for the series called "Sniper".
*** What is "Sniper" Series? ***
"Sniper" series is the project that I’m going to start.
In "Sniper" Series, I’m going to "snipe and shoot" the youtuber’s strategy: to find out whether the youtuber’s video about strategy is "true or false".
Specifically, I’m going to do the things below.
1. Implement "Youtuber’s strategy" into pinescript code.
2. Then I will "backtest" and prove whether "the strategy really works" in the specific ticker (e.g. BTCUSDT) for the specific timeframe (e.g. 5m).
3. Based on the backtest result, I will rate and judge whether the youtube video is "true" or "false", and then rate the validity, reliability, robustness, of the strategy. (like a lie detector)
*** What is the purpose of this series? ***
1. To notify whether the strategy really works for the people who watched the youtube video.
2. To find and build my own scalping / day trading strategy that really works.
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*** Strategy Description ***
This strategy is from "SSL QQE MOD 5MIN SCALPING STRATEGY" by youtuber "Daily Investments".
"Daily Investments" claimed that this strategy will make you some money from 100 trades in any ticker in 5 minute timeframe.
### Entry Logic
1. Long Entry Logic
- close > SSL Hybrid Baseline.
- QQE MOD should turn into blue color.
- Waddah Attar Explosion indicator must be green.
2. Short Entry Logic
- close < SSL Hybrid Baseline
- QQE MOD should turn into red color.
- Waddah Attar Explosion indicator must be red.
### Exit Logic
1. Long Exit Logic
- When QQE MOD turn into red color.
2. Short Entry Logic
- When QQE MOD turn into blue color.
### StopLoss
1. Can Choose Stop Loss Type: Percent, ATR, Previous Low / High.
2. Can Chosse inputs of each Stop Loss Type.
### Take Profit
1. Can set Risk Reward Ratio for Take Profit.
- To simplify backtest, I erased all other options except RR Ratio.
- You can add Take Profit Logic by adding options in the code.
2. Can set Take Profit Quantity.
### Risk Manangement
1. Can choose whether to use Risk Manangement Logic.
- This controls the Quantity of the Entry.
- e.g. If you want to take 3% risk per trade and stop loss price is 6% below the long entry price,
then 50% of your equity will be used for trade.
2. Can choose How much risk you would take per trade.
### Plot
1. Added Labels to check the data of entry / exit positions.
2. Changed and Added color different from the original one. (green: #02732A, red: #D92332, yellow: #F2E313)
3. SSL Hybrid Baseline is by default drawn on the chart.
4. If you check EMA filter, EMA would be drawn on the chart.
5. Should add QQE MOD and Waddah Attar Explosion indicator manually if you want to see QQE MOD.
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*** Rating: True or False?
### Rating:
→ 1.5 / 5 (0 = Trash, 1 = Bad, 2 = Not Good, 3 = Good, 4 = Great, 5 = Excellent)
### True or False?
→ False
→ Doesn't Work on 5 minute timeframe. Also, it doesn't work on crypto.
### Better Option?
→ Use this for Day trading or Swing Trading, not for Scalping. (Bigger Timeframe)
→ Although the result was bad at 5 minute timeframe, it was profitable in 1h, 2h, 4h, 8h, 1d timeframe.
→ BTC, ETH was ok.
→ The result was better when I use EMA filter (only on longer timeframe).
### Robust?
→ So So. Although result was bad in short timeframe (e.g. 30m 15m 5m), backtest result was "consistently" profitable on longer timeframe.
→ Also, MDD was not that bad under risk management option on.
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*** Conclusion?
→ Don't use this on short timeframe.
→ Better use on longer timeframe with filter, stoploss and risk management.
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Genesis Matrix [Loxx]Over a decade ago, the Genesis Matrix system was one of best strategies for new traders looking to learn how to really trade trends. Fast forward to 2022, a new version of Genesis Matrix has emerged using TVI, CCI, HL Channel & T3
What is T3?
The T3 moving average is an indicator of an indicator since it includes several EMAs of another EMA. Unlike any other moving average, it adds the so-called volume factor, a value between 0 and 1. Like the SMA, traders typically use this indicator to spot trends and trend reversals.
What is CCI?
The Commodity Channel Index ( CCI ) measures the current price level relative to an average price level over a given period of time. CCI is relatively high when prices are far above their average. CCI is relatively low when prices are far below their average. Using this method, CCI can be used to identify overbought and oversold levels.
Genesis matrix uses Jurik-Smoothed CCI w/ MA Deviation--a spin on regular CCI .Usually CCI is calculated as using average ( Simple Moving Average ) and mean deviation. In this version, average is replaced with well known JMA (Jurik Moving Average) instead for the smoothing phase and the deviation is replaced with variety moving average deviation. The result in this one is responsive and fast (as expected) and also it is smoother than the original CCI (as expected).
What is SSL?
Known as the SSL, the Semaphore Signal Level channel chart alert is an indicator that combines moving averages to provide you with a clear visual signal of price movement dynamics. In short, it's designed to show you when a price trend is forming. For our purposes here, SSL has been modified to allow for different moving average selection and different closing price look back periods.
What is William Blau Ergodic Tick Volume?
This is one of the techniques described by William Blau in his book "Momentum, Direction and Divergence" (1995). If you like to learn more, we advise you to read this book. His book focuses on three key aspects of trading: momentum, direction and divergence. Blau, who was an electrical engineer before becoming a trader, thoroughly examines the relationship between price and momentum in step-by-step examples. From this grounding, he then looks at the deficiencies in other oscillators and introduces some innovative techniques, including a fresh twist on Stochastics. On directional issues, he analyzes the intricacies of ADX and offers a unique approach to help define trending and non-trending periods.
William Blau's definition of TVI ergodicity is that the indictor is ergodic when periods are set to 32, 5, 1, and the signal is set to 5. Other combinations are not ergodic, according to Blau.
How to use
Long signal: All 4 indicators turn green
Short signal: All 4 indicators turn red
Included
Bar coloring
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