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
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Açık kaynak kodlu komut dosyası
Gerçek TradingView ruhuyla, bu komut dosyasının mimarı, yatırımcıların işlevselliğini inceleyip doğrulayabilmesi için onu açık kaynaklı hale getirdi. Yazarı tebrik ederiz! Ücretsiz olarak kullanabilseniz de, kodu yeniden yayınlamanın Topluluk Kurallarımıza tabi olduğunu unutmayın.
The AI Trading Ecosystem, Built to win trades 📈
Get Full Access 👇
jackofalltrades.vip 🌐
t.me/jackofalltradesvip 🃏
Get Full Access 👇
jackofalltrades.vip 🌐
t.me/jackofalltradesvip 🃏
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.