OPEN-SOURCE SCRIPT
Liquidity Indicator
Liquidity Indicator
Liquidity Indicator is a simple yet powerful liquidity measurement tool designed specifically for Indian equity markets. It calculates the average rupee-denominated trading volume (₹ Volume) over a user-defined period using Simple Moving Average, and displays it directly on the price chart as a clean color-coded label.
What it shows:
The label displays the average liquidity of a stock in Crores (Cr), giving traders a quick snapshot of how much money is flowing into the stock on average.
Color Coding:
- 🔴 Red — Below 40 Cr (low liquidity, avoid or trade with caution)
- 🟡 Yellow — 40 to 100 Cr (moderate liquidity)
- 🟢 Green — Above 100 Cr (high liquidity, safe for larger positions)
Smart Averaging:
Works seamlessly on recently listed stocks too. If a stock has fewer candles than the set period, the indicator automatically adjusts and takes average of available candles only.
How to use:
- Use it to filter stocks before taking swing or positional trades
- Avoid entering low liquidity stocks (Red) to reduce slippage and impact cost
- Best used on Daily timeframe for accurate liquidity assessment
Settings:
- Average Period — default 20 days (customizable)
- Text Color — default white
- Label Size — tiny / small / normal / large / huge
Liquidity Indicator is a simple yet powerful liquidity measurement tool designed specifically for Indian equity markets. It calculates the average rupee-denominated trading volume (₹ Volume) over a user-defined period using Simple Moving Average, and displays it directly on the price chart as a clean color-coded label.
What it shows:
The label displays the average liquidity of a stock in Crores (Cr), giving traders a quick snapshot of how much money is flowing into the stock on average.
Color Coding:
- 🔴 Red — Below 40 Cr (low liquidity, avoid or trade with caution)
- 🟡 Yellow — 40 to 100 Cr (moderate liquidity)
- 🟢 Green — Above 100 Cr (high liquidity, safe for larger positions)
Smart Averaging:
Works seamlessly on recently listed stocks too. If a stock has fewer candles than the set period, the indicator automatically adjusts and takes average of available candles only.
How to use:
- Use it to filter stocks before taking swing or positional trades
- Avoid entering low liquidity stocks (Red) to reduce slippage and impact cost
- Best used on Daily timeframe for accurate liquidity assessment
Settings:
- Average Period — default 20 days (customizable)
- Text Color — default white
- Label Size — tiny / small / normal / large / huge
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.