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Liquidity and S&R Zones

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║ Description ║
╚══════════════════════════════════════════════════════════════════════╝
This indicator identifies liquidity zones and support/resistance (S&R) levels
using pivot points and volume analysis. Liquidity zones highlight areas of high
trading activity, while S&R levels mark key price levels where price may reverse
or break. Breakouts are confirmed with a volume oscillator and visualized with
shapes. Alerts are provided for significant S&R breakouts.
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║ User Guide ║
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#### Overview
This indicator detects liquidity zones and support/resistance (S&R) levels
using pivot points and volume analysis. Liquidity zones highlight areas of
high trading activity, often targeted by institutional traders. S&R levels
indicate key price levels where price may reverse or break, with breakouts
confirmed by a volume oscillator. The indicator is designed for traders
seeking to trade breakouts or reversals at critical levels.
#### Features
- **Liquidity Zones**: Identifies pivot highs/lows with high-volume confirmation.
- **Support/Resistance Levels**: Plots dynamic S&R lines based on pivot points.
- **Breakout Signals**: Displays shapes for price crossing S&R levels with volume confirmation.
- **Volume Oscillator**: Uses short/long EMA difference to confirm breakouts.
- **Alerts**: Notifies users of support/resistance breakouts.
#### Input Parameters
- **Liquidity Settings**:
- *Liquidity Lookback Period*: Bars for average volume (default: 50).
- *Liquidity Volume Threshold Multiplier*: Volume multiplier for liquidity zones (default: 1.5).
- *Liquidity Pivot Lookback*: Bars for pivot detection (default: 5).
- **S&R Settings**:
- *Show Breaks*: Toggle breakout shapes (default: true).
- *Left/Right Bars*: Bars for S&R pivot detection (default: 15).
- *S&R Volume Threshold*: Minimum oscillator value for breakouts (default: 20).
- **Style Settings**: Predefined colors for liquidity and S&R visualization.
#### Usage
1. Apply the indicator to a chart (e.g., 1H, 4H, or D timeframes recommended).
2. Adjust input parameters to suit the instrument and timeframe:
- Increase `liqLookback` for smoother volume averages on lower timeframes.
- Adjust `leftBars` and `rightBars` for more/less sensitive S&R levels.
- Set `srVolumeThresh` based on typical oscillator values (plot `osc` to calibrate).
3. Monitor liquidity zones (red/green/yellow crosses) and S&R lines (red/green).
4. Watch for breakout signals (shapes) when price crosses S&R levels with volume confirmation.
5. Set up alerts for "Support Broken" or "Resistance Broken" to receive notifications.
#### Recommended Settings
- **Timeframes**: 1H, 4H, or D for reliable signals.
- **Instruments**: Assets with good volume (e.g., crypto, forex, indices).
- **Liquidity**: Increase `liqVolumeThreshold` (e.g., 2.0) for stricter zones.
- **S&R**: Use `leftBars = rightBars = 10` for faster markets.
#### Cautions
- Ensure sufficient chart history for pivot and volume calculations.
- High `liqLookback` or `leftBars` may delay signals on lower timeframes.
- Volume oscillator requires accurate volume data; test on reliable instruments.
- Backtest breakout signals, as false breakouts can occur in choppy markets.
#### Customization Ideas
- Add Fibonacci levels to complement S&R zones.
- Integrate with trend indicators (e.g., EMA) to filter breakouts.
- Visualize volume oscillator as a histogram for calibration.
- Extend liquidity zones with boxes to highlight price ranges.
#### Notes
- Combine with other analysis for a complete trading system.
- Test thoroughly in a demo account before live trading.
- Contact the author for support or feature requests.
Happy trading, and may your trades align with the market’s key levels! 🚀
║ Description ║
╚══════════════════════════════════════════════════════════════════════╝
This indicator identifies liquidity zones and support/resistance (S&R) levels
using pivot points and volume analysis. Liquidity zones highlight areas of high
trading activity, while S&R levels mark key price levels where price may reverse
or break. Breakouts are confirmed with a volume oscillator and visualized with
shapes. Alerts are provided for significant S&R breakouts.
╔══════════════════════════════════════════════════════════════════════╗
║ User Guide ║
╚══════════════════════════════════════════════════════════════════════╝
#### Overview
This indicator detects liquidity zones and support/resistance (S&R) levels
using pivot points and volume analysis. Liquidity zones highlight areas of
high trading activity, often targeted by institutional traders. S&R levels
indicate key price levels where price may reverse or break, with breakouts
confirmed by a volume oscillator. The indicator is designed for traders
seeking to trade breakouts or reversals at critical levels.
#### Features
- **Liquidity Zones**: Identifies pivot highs/lows with high-volume confirmation.
- **Support/Resistance Levels**: Plots dynamic S&R lines based on pivot points.
- **Breakout Signals**: Displays shapes for price crossing S&R levels with volume confirmation.
- **Volume Oscillator**: Uses short/long EMA difference to confirm breakouts.
- **Alerts**: Notifies users of support/resistance breakouts.
#### Input Parameters
- **Liquidity Settings**:
- *Liquidity Lookback Period*: Bars for average volume (default: 50).
- *Liquidity Volume Threshold Multiplier*: Volume multiplier for liquidity zones (default: 1.5).
- *Liquidity Pivot Lookback*: Bars for pivot detection (default: 5).
- **S&R Settings**:
- *Show Breaks*: Toggle breakout shapes (default: true).
- *Left/Right Bars*: Bars for S&R pivot detection (default: 15).
- *S&R Volume Threshold*: Minimum oscillator value for breakouts (default: 20).
- **Style Settings**: Predefined colors for liquidity and S&R visualization.
#### Usage
1. Apply the indicator to a chart (e.g., 1H, 4H, or D timeframes recommended).
2. Adjust input parameters to suit the instrument and timeframe:
- Increase `liqLookback` for smoother volume averages on lower timeframes.
- Adjust `leftBars` and `rightBars` for more/less sensitive S&R levels.
- Set `srVolumeThresh` based on typical oscillator values (plot `osc` to calibrate).
3. Monitor liquidity zones (red/green/yellow crosses) and S&R lines (red/green).
4. Watch for breakout signals (shapes) when price crosses S&R levels with volume confirmation.
5. Set up alerts for "Support Broken" or "Resistance Broken" to receive notifications.
#### Recommended Settings
- **Timeframes**: 1H, 4H, or D for reliable signals.
- **Instruments**: Assets with good volume (e.g., crypto, forex, indices).
- **Liquidity**: Increase `liqVolumeThreshold` (e.g., 2.0) for stricter zones.
- **S&R**: Use `leftBars = rightBars = 10` for faster markets.
#### Cautions
- Ensure sufficient chart history for pivot and volume calculations.
- High `liqLookback` or `leftBars` may delay signals on lower timeframes.
- Volume oscillator requires accurate volume data; test on reliable instruments.
- Backtest breakout signals, as false breakouts can occur in choppy markets.
#### Customization Ideas
- Add Fibonacci levels to complement S&R zones.
- Integrate with trend indicators (e.g., EMA) to filter breakouts.
- Visualize volume oscillator as a histogram for calibration.
- Extend liquidity zones with boxes to highlight price ranges.
#### Notes
- Combine with other analysis for a complete trading system.
- Test thoroughly in a demo account before live trading.
- Contact the author for support or feature requests.
Happy trading, and may your trades align with the market’s key levels! 🚀
Korumalı komut dosyası
Bu komut dosyası kapalı kaynak olarak yayınlanmaktadır. Ancak, özgürce ve herhangi bir sınırlama olmaksızın kullanabilirsiniz – daha fazla bilgi burada.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Korumalı komut dosyası
Bu komut dosyası kapalı kaynak olarak yayınlanmaktadır. Ancak, özgürce ve herhangi bir sınırlama olmaksızın kullanabilirsiniz – daha fazla bilgi burada.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.