OPEN-SOURCE SCRIPT
Fundamentals of Liquidity & Trend Filter v2
Here is the amended TradingView Pine Script v6 indicator.
The previous version highlighted the background, but this updated script actively draws horizontal liquidity boxes directly on the chart, which act as visual representations of liquidity pools or dense order book zones. It also explicitly plots the fast Exponential Moving Average (EMA) and slow Simple Moving Average (SMA) lines and ensures they are highly visible.
What is new in this version:
Explicit EMA/SMA Plots: The fast EMA and slow SMA are drawn with thicker lines to ensure they overlay clearly on top of the price candles. The SMA helps filter out microstructure noise, while the EMA tracks immediate momentum.
Horizontal Liquidity Zones: Instead of coloring the background, the script now draws dynamic horizontal boxes around the price action (from the highest high to the lowest low) whenever the market enters a high-liquidity regime.
Liquidity Percentages: Inside each horizontal box, the script dynamically updates and displays the peak "Relative Liquidity %" achieved during that specific liquidity zone, allowing you to gauge the density of the volume pool supporting that price level.
The previous version highlighted the background, but this updated script actively draws horizontal liquidity boxes directly on the chart, which act as visual representations of liquidity pools or dense order book zones. It also explicitly plots the fast Exponential Moving Average (EMA) and slow Simple Moving Average (SMA) lines and ensures they are highly visible.
What is new in this version:
Explicit EMA/SMA Plots: The fast EMA and slow SMA are drawn with thicker lines to ensure they overlay clearly on top of the price candles. The SMA helps filter out microstructure noise, while the EMA tracks immediate momentum.
Horizontal Liquidity Zones: Instead of coloring the background, the script now draws dynamic horizontal boxes around the price action (from the highest high to the lowest low) whenever the market enters a high-liquidity regime.
Liquidity Percentages: Inside each horizontal box, the script dynamically updates and displays the peak "Relative Liquidity %" achieved during that specific liquidity zone, allowing you to gauge the density of the volume pool supporting that price level.
开源脚本
秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。
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。
开源脚本
秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。
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。