OPEN-SOURCE SCRIPT
Liquidity Zones
Liquidity Zones Indicator
The Liquidity Zones indicator is a custom Pine Script™ tool designed to identify significant price levels where high trading volume has occurred. These zones often act as support or resistance levels, providing valuable insights for traders.
Key Features:
Window Size: The number of bars to consider for calculating the moving averages and identifying peaks.
Tolerance: The allowable percentage difference to consider peaks as unique.
Number of Peaks: The maximum number of significant peaks to identify.
Minimum Volume: The minimum volume threshold relative to the average volume to consider a peak.
Minimum Range: The minimum price range to consider a peak.
How It Works:
Input Parameters: The user can customize the window size, tolerance, number of peaks, minimum volume, and minimum range.
Moving Averages: The script calculates the simple moving average (SMA) of the volume and closing prices over the specified window.
Peak Identification:
For each bar, the script identifies the bar with the highest volume within the window.
It checks if the volume exceeds the minimum volume threshold.
It determines the peak price based on whether the bar closed higher or lower than it opened.
It ensures the price range of the bar exceeds the minimum range.
It checks if the peak is above the SMA of the closing prices.
It verifies the peak is unique within the specified tolerance.
Plotting Peaks: The identified peaks are plotted on the chart with lines and labels, color-coded based on whether the bar closed higher (green) or lower (red).
This indicator helps traders visualize key liquidity zones, aiding in making informed trading decisions.
The Liquidity Zones indicator is a custom Pine Script™ tool designed to identify significant price levels where high trading volume has occurred. These zones often act as support or resistance levels, providing valuable insights for traders.
Key Features:
Window Size: The number of bars to consider for calculating the moving averages and identifying peaks.
Tolerance: The allowable percentage difference to consider peaks as unique.
Number of Peaks: The maximum number of significant peaks to identify.
Minimum Volume: The minimum volume threshold relative to the average volume to consider a peak.
Minimum Range: The minimum price range to consider a peak.
How It Works:
Input Parameters: The user can customize the window size, tolerance, number of peaks, minimum volume, and minimum range.
Moving Averages: The script calculates the simple moving average (SMA) of the volume and closing prices over the specified window.
Peak Identification:
For each bar, the script identifies the bar with the highest volume within the window.
It checks if the volume exceeds the minimum volume threshold.
It determines the peak price based on whether the bar closed higher or lower than it opened.
It ensures the price range of the bar exceeds the minimum range.
It checks if the peak is above the SMA of the closing prices.
It verifies the peak is unique within the specified tolerance.
Plotting Peaks: The identified peaks are plotted on the chart with lines and labels, color-coded based on whether the bar closed higher (green) or lower (red).
This indicator helps traders visualize key liquidity zones, aiding in making informed trading decisions.
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。