This indicator plots those pivots/fractals which have not been taken out by price, whereby showing where are the clusters of highs/lows where stop orders (or liquidity) could be hiding.
This is a fantastic tool for taking reversal trades.
Notas de Lançamento
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Update - eFe completely re-wrote the liquidity indicator from scratch - Added options for plotting N liquidity lines above and below price - The indicator is now much more stable & predictable
Thanks a lot for sharing your script for free. Very interesting. Do you know if it would be possible to remove the "taken" line?
Kind Regards
makuchaku
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@lucasummer, Thanks for the kind words. Line 36 and 37 will need to be updated for that
wsiteee
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What do you think if it will be added like option inside `Super OrderBlock / FVG / BoS indicator` ?
bubblyAnalyst6866
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The best way to some up your group of indicators: When knowledge meets understanding. You have opened my eyes. Thank you sir
Hupsunhauska
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Thank you, great work!! Will try it :)
makuchaku
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@Hupsunhauska, Thanks! This is a very small part of how I trade (info in my bio). Cheers!
oscarstve
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Hello, Makuchaku. Thank you, and eFe, for this indicator. I wonder if this can be done: having liquidity from another timeframe. For example, I am in 1 min timeframe, and would like to see 15min liquidity lines in 1 minute chart. Now, I'm doing that manually. I have been trying to figure it out, looking at the code, and searching on the Internet, and it seems the problem is "bar_index" function, because I don't know how to get the bars from another timeframe.
Thank you again!
HalfShellTrader
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@oscarstve, So, you go into the script and somehow change "bar_index" function to 15 minutes?
oscarstve
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@HalfShellTrader, it can be done e.g. using some request.security functions… but it’s not that easy, you need more code.
Thanks a lot for sharing your script for free. Very interesting. Do you know if it would be possible to remove the "taken" line?
Kind Regards