OPEN-SOURCE SCRIPT
Harmonic Liquidity Waves [JOAT]
Harmonic Liquidity Waves [JOAT]
Overview
Harmonic Liquidity Waves is an open-source oscillator indicator that combines multiple volume-based analysis techniques into a unified liquidity flow framework. It integrates VWAP calculations, Chaikin Money Flow (CMF), Money Flow Index (MFI), and Klinger Volume Oscillator (KVO) with custom harmonic wave calculations to provide a comprehensive view of volume dynamics and money flow.
What This Indicator Does
The indicator calculates and displays:
How It Works
The core liquidity flow calculation tracks volume-weighted price changes:
Pine Script®
The harmonic oscillator applies multi-depth smoothing:
Pine Script®
CMF measures accumulation/distribution using the Money Flow Multiplier:
Pine Script®
Signal Generation
Liquidity shift signals occur when:
Strong signals require volume indicator confirmation:
Divergence detection compares price pivots with liquidity wave pivots to identify potential reversals.
Dashboard Panel (Bottom-Right)
Visual Elements
Input Parameters
Suggested Use Cases
Timeframe Recommendations
Best on 15m to Daily charts. Volume-based indicators require sufficient trading activity for meaningful readings.
Limitations
Open-Source and Disclaimer
This script is published as open-source under the Mozilla Public License 2.0 for educational purposes. It does not constitute financial advice. Past performance does not guarantee future results. Always use proper risk management.
- Made with passion by officialjackofalltrades
Overview
Harmonic Liquidity Waves is an open-source oscillator indicator that combines multiple volume-based analysis techniques into a unified liquidity flow framework. It integrates VWAP calculations, Chaikin Money Flow (CMF), Money Flow Index (MFI), and Klinger Volume Oscillator (KVO) with custom harmonic wave calculations to provide a comprehensive view of volume dynamics and money flow.
What This Indicator Does
The indicator calculates and displays:
- Liquidity Flow - Volume-weighted price movement accumulated over a lookback period
- Harmonic Wave - Multi-depth smoothed oscillator derived from liquidity flow
- Chaikin Money Flow (CMF) - Classic accumulation/distribution indicator
- Money Flow Index (MFI) - Volume-weighted RSI showing buying/selling pressure
- Klinger Volume Oscillator (KVO) - Trend-volume relationship indicator
- Wave Interference - Combined constructive/destructive wave patterns
- Volume Profile POC - Point of Control from simplified volume distribution
How It Works
The core liquidity flow calculation tracks volume-weighted price changes:
The harmonic oscillator applies multi-depth smoothing:
CMF measures accumulation/distribution using the Money Flow Multiplier:
Signal Generation
Liquidity shift signals occur when:
- Bullish Shift: Smoothed wave crosses above signal line
- Bearish Shift: Smoothed wave crosses below signal line
Strong signals require volume indicator confirmation:
- Strong Bull: Bullish shift + CMF > 0 + MFI > 50 + KVO > 0
- Strong Bear: Bearish shift + CMF < 0 + MFI < 50 + KVO < 0
Divergence detection compares price pivots with liquidity wave pivots to identify potential reversals.
Dashboard Panel (Bottom-Right)
- Wave Strength - Normalized wave magnitude
- Volume Pressure - Current volume vs average percentage
- Flow Direction - BUYING or SELLING based on wave sign
- Histogram - Wave minus signal line value
- CMF - Chaikin Money Flow reading
- MFI - Money Flow Index value (0-100)
- KVO - Klinger oscillator value
- Vol Confluence - Combined volume indicator score
- Signal - Current actionable status
Visual Elements
- Liquidity Wave - Main oscillator line
- Wave Signal - Smoothed signal line for crossover detection
- Wave Histogram - Difference between wave and signal
- Wave Interference - Area plot showing combined wave patterns
- CMF/KVO/MFI Lines - Individual volume indicator plots
- Divergence Labels - BULL DIV / BEAR DIV markers
- Shift Markers - Triangles for basic shifts, labels for strong shifts
Input Parameters
- Wave Period (default: 21) - Base period for liquidity calculations
- Volume Weight (default: 1.5) - Multiplier for volume emphasis
- Harmonic Depth (default: 3) - Number of smoothing layers
- Smoothing (default: 3) - Final wave smoothing period
Suggested Use Cases
- Identify accumulation/distribution phases using CMF and wave direction
- Confirm momentum with MFI overbought/oversold readings
- Watch for divergences between price and liquidity flow
- Use strong signals when multiple volume indicators align
Timeframe Recommendations
Best on 15m to Daily charts. Volume-based indicators require sufficient trading activity for meaningful readings.
Limitations
- Volume data quality varies by exchange and instrument
- Divergence detection uses pivot-based lookback and may lag
- Volume Profile POC is simplified and not a full profile analysis
Open-Source and Disclaimer
This script is published as open-source under the Mozilla Public License 2.0 for educational purposes. It does not constitute financial advice. Past performance does not guarantee future results. Always use proper risk management.
- Made with passion by officialjackofalltrades
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
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jackofalltrades.vip 🌐
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
The AI Trading Ecosystem, Built to win trades 📈
Get Full Access 👇
jackofalltrades.vip 🌐
t.me/jackofalltradesvip 🃏
Get Full Access 👇
jackofalltrades.vip 🌐
t.me/jackofalltradesvip 🃏
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.