INVITE-ONLY SCRIPT

Wizard Reactive Liquidity Lines

74

Once the indicator is on your chart, you can customize its settings:
Right-click on the chart and select "Settings" or click the settings (gear) icon next to the indicator name in the chart legend.
Adjust the following parameters:
Liquidity Lookback Period: The number of bars to look back for finding the highest high and lowest low.
Outer High/Low Colors: Colors for liquidity lines.
Highlight Color: The color used when a liquidity line is touched.
Line Thickness: Adjust the thickness of liquidity lines.
Interpret the Indicator
Liquidity Lines:
Highest High Line: Marks the highest high in the lookback period.
Lowest Low Line: Marks the lowest low in the lookback period.
Labels:
Display the word "Liquidity" slightly above or below the respective lines for easy identification.
Dynamic Colors:
Lines and labels turn yellow (or your chosen highlight color) when a bar touches the liquidity lines.
Circles:
A circle is plotted at the exact bar where the highest or lowest liquidity level occurred.
Trading Applications
Reversal Zones:
Look for potential price reversals near the liquidity lines.
Breakouts:
Observe if price breaks above the high or below the low liquidity lines for potential continuation moves.
for educational purposes only ,







免責聲明

這些資訊和出版物並非旨在提供,也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。