PROTECTED SOURCE SCRIPT
[X342] Liquidity Hunter

[X342] Liquidity Hunter — Sweep Detection
OVERVIEW
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Liquidity Hunter identifies and tracks areas where stop-loss orders are likely clustered (liquidity pools) based on pivot points and notional value calculations.
METHODOLOGY
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The indicator uses a sophisticated approach to identify liquidity:
1. Pivot Point Detection
- Uses configurable left/right bar lookback
- Identifies swing highs (upside liquidity targets)
- Identifies swing lows (downside liquidity targets)
2. Notional Value Calculation
- Formula: Price × Volume at pivot bar
- Represents the "dollar value" of orders at each level
- More accurate than simple volume or price levels alone
3. Dynamic Level Management
- Tracks up to configurable max levels per side
- Automatically removes MITIGATED levels (when price sweeps through)
- Oldest levels are removed when max is exceeded
WHY NOTIONAL VALUE?
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Traditional support/resistance uses price alone. Notional value (Price × Volume) provides a more realistic view of where significant orders are clustered. A high volume bar at a pivot is more significant than a low volume bar.
FEATURES
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✓ Dual language support (English / Türkçe)
✓ Automatic level cleanup on mitigation
✓ Notional value labels on each level
✓ Distance percentage to nearest levels
✓ Total liquidity summary panel
✓ Sweep detection alerts
VISUAL ELEMENTS
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• Red Lines: Upside liquidity (buy stops above)
• Blue Lines: Downside liquidity (sell stops below)
• Labels: Show notional value at each level
INFO PANEL
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Displays 4-column layout:
- Total upside liquidity (sum of all notional values)
- Distance to nearest upside level (%)
- Total downside liquidity
- Distance to nearest downside level (%)
SETTINGS
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
Detection:
- Left Bars: Bars to left for pivot detection (default: 15)
- Right Bars: Bars to right for pivot confirmation (default: 5)
Display:
- Max Levels Each: Maximum levels per side (default: 8)
- Show Liquidity Amount: Toggle notional value labels
Colors:
- Upside Liq Color: Color for resistance/upside levels
- Downside Liq Color: Color for support/downside levels
ALERTS
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
• New Upside Liq: New upside level formed
• New Downside Liq: New downside level formed
• Upside Sweep: Price swept through upside liquidity
• Downside Sweep: Price swept through downside liquidity
TRADING APPLICATION
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
- Use sweeps as potential reversal signals
- Larger notional values indicate stronger levels
- Distance % helps with risk/reward calculations
- Combine with trend indicators for confirmation
OVERVIEW
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
Liquidity Hunter identifies and tracks areas where stop-loss orders are likely clustered (liquidity pools) based on pivot points and notional value calculations.
METHODOLOGY
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
The indicator uses a sophisticated approach to identify liquidity:
1. Pivot Point Detection
- Uses configurable left/right bar lookback
- Identifies swing highs (upside liquidity targets)
- Identifies swing lows (downside liquidity targets)
2. Notional Value Calculation
- Formula: Price × Volume at pivot bar
- Represents the "dollar value" of orders at each level
- More accurate than simple volume or price levels alone
3. Dynamic Level Management
- Tracks up to configurable max levels per side
- Automatically removes MITIGATED levels (when price sweeps through)
- Oldest levels are removed when max is exceeded
WHY NOTIONAL VALUE?
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
Traditional support/resistance uses price alone. Notional value (Price × Volume) provides a more realistic view of where significant orders are clustered. A high volume bar at a pivot is more significant than a low volume bar.
FEATURES
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
✓ Dual language support (English / Türkçe)
✓ Automatic level cleanup on mitigation
✓ Notional value labels on each level
✓ Distance percentage to nearest levels
✓ Total liquidity summary panel
✓ Sweep detection alerts
VISUAL ELEMENTS
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
• Red Lines: Upside liquidity (buy stops above)
• Blue Lines: Downside liquidity (sell stops below)
• Labels: Show notional value at each level
INFO PANEL
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
Displays 4-column layout:
- Total upside liquidity (sum of all notional values)
- Distance to nearest upside level (%)
- Total downside liquidity
- Distance to nearest downside level (%)
SETTINGS
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
Detection:
- Left Bars: Bars to left for pivot detection (default: 15)
- Right Bars: Bars to right for pivot confirmation (default: 5)
Display:
- Max Levels Each: Maximum levels per side (default: 8)
- Show Liquidity Amount: Toggle notional value labels
Colors:
- Upside Liq Color: Color for resistance/upside levels
- Downside Liq Color: Color for support/downside levels
ALERTS
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
• New Upside Liq: New upside level formed
• New Downside Liq: New downside level formed
• Upside Sweep: Price swept through upside liquidity
• Downside Sweep: Price swept through downside liquidity
TRADING APPLICATION
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
- Use sweeps as potential reversal signals
- Larger notional values indicate stronger levels
- Distance % helps with risk/reward calculations
- Combine with trend indicators for confirmation
受保护脚本
此脚本以闭源形式发布。 但是,您可以自由使用,没有任何限制 — 了解更多信息这里。
免责声明
这些信息和出版物并非旨在提供,也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
受保护脚本
此脚本以闭源形式发布。 但是,您可以自由使用,没有任何限制 — 了解更多信息这里。
免责声明
这些信息和出版物并非旨在提供,也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。