OPEN-SOURCE SCRIPT
Updated Asia Liquidity + PDH/PDL (BornaTrading)
Asia + Frankfurt Liquidity + PDH/PDL (GER40 / DAX)
This indicator highlights key intraday liquidity levels commonly used by traders of GER40 / DAX and other indices. It automatically plots the most important session highs and lows that institutional traders often monitor for liquidity sweeps and market manipulation.
The script focuses on three main liquidity zones:
Asia Session High / Low
Frankfurt Session High / Low
Previous Day High / Low (PDH / PDL) based on the main European trading session.
Features
• Customizable Asia Session
You can freely set the Asia session time, for example:
00:00 – 07:00
02:00 – 08:00
• Customizable Frankfurt Session
Frankfurt session time can also be adjusted based on your strategy.
• Previous Day High / Low (PDH / PDL)
Calculated from the main European trading session (09:00 – 17:30 CET).
• Clean Chart Design
The indicator only displays levels for the current trading day, preventing charts from being cluttered with historical lines.
• Toggle Visibility
Each level can be turned on or off individually:
Asia High
Asia Low
Frankfurt High
Frankfurt Low
PDH
PDL
• Right-Side Labels
All levels remain clearly labeled on the right side of the chart for easier reading.
Why These Levels Matter
Institutional traders often target areas where liquidity accumulates. These typically include:
Previous Day High / Low
Asia Session High / Low
Frankfurt Session High / Low
Price frequently sweeps these levels before moving in the opposite direction, especially around the London open.
This tool helps traders quickly identify these zones and incorporate them into their intraday liquidity-based trading strategies.
This indicator highlights key intraday liquidity levels commonly used by traders of GER40 / DAX and other indices. It automatically plots the most important session highs and lows that institutional traders often monitor for liquidity sweeps and market manipulation.
The script focuses on three main liquidity zones:
Asia Session High / Low
Frankfurt Session High / Low
Previous Day High / Low (PDH / PDL) based on the main European trading session.
Features
• Customizable Asia Session
You can freely set the Asia session time, for example:
00:00 – 07:00
02:00 – 08:00
• Customizable Frankfurt Session
Frankfurt session time can also be adjusted based on your strategy.
• Previous Day High / Low (PDH / PDL)
Calculated from the main European trading session (09:00 – 17:30 CET).
• Clean Chart Design
The indicator only displays levels for the current trading day, preventing charts from being cluttered with historical lines.
• Toggle Visibility
Each level can be turned on or off individually:
Asia High
Asia Low
Frankfurt High
Frankfurt Low
PDH
PDL
• Right-Side Labels
All levels remain clearly labeled on the right side of the chart for easier reading.
Why These Levels Matter
Institutional traders often target areas where liquidity accumulates. These typically include:
Previous Day High / Low
Asia Session High / Low
Frankfurt Session High / Low
Price frequently sweeps these levels before moving in the opposite direction, especially around the London open.
This tool helps traders quickly identify these zones and incorporate them into their intraday liquidity-based trading strategies.
Release Notes
Tracks key liquidity levels including Asia session high/low, Frankfurt session high/low, and previous day high/low (PDH/PDL). Automatically updates each day and draws clean horizontal levels directly on the chart to help identify potential liquidity targets and price reactions.Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.