Liquidity Magnet Compass [forexobroker]
Liquidity Magnet Compass maps every swing high and swing low on the chart as a liquidity zone where stop orders tend to cluster -- Buy-Side Liquidity (BSL) above highs and Sell-Side Liquidity (SSL) below lows. It then watches for the signature "liquidity sweep" event: a bar that pierces an untaken zone with a wick of at least the configured size and (optionally) closes back through the swept level. Every sweep flips the zone from active to swept and prints a directional signal with a projected target.
This indicator is designed for smart-money and ICT-style traders who enter reversals immediately after stop hunts. The compass dashboard tracks the net liquidity pull -- how much untaken liquidity sits above versus below current price -- so you always know which direction the market is most likely to reach for next.
🔶 CONCEPTS
In institutional order flow, price often gravitates toward clusters of resting stop orders because those stops represent guaranteed fills for large participants. Equal highs and equal lows are the most obvious such clusters. When price "sweeps" one of these levels -- wicks through it, triggers the stops, then reverses -- a real reversal is often beginning. The compass reading quantifies which side has more untaken liquidity: if more zones sit above price, the market is magnetically pulled higher; if more sit below, pulled lower. Signals fire when a sweep confirms the opposite of the dominant pull -- a classic mean-reversion setup.
🔶 HOW IT WORKS
- Detects pivot highs as BSL zones and pivot lows as SSL zones using the configured pivot length
- Draws each zone as an extending horizontal line with a BSL or SSL tag
- Detects a sweep when the bar's high/low pierces an unswept zone by at least the Min Sweep Size (in ATR units)
- Flips the swept zone to dashed-gray, marks it ⊘, and counts it in total sweeps
- Fires BUY on a sell-side sweep with volume confirmation; SELL on a buy-side sweep with volume confirmation
- Projects target lines to the next unswept zone on the opposite side
🔶 HOW TO USE
1. Add the indicator -- every pivot prints as a horizontal BSL (pink) or SSL (cyan) line extending right
2. Watch the compass dashboard (top-right) for active zone counts, nearest zones, magnet strength, and the dominant direction arrow
3. Green BUY triangle with "SSL SWEEP ↑" label fires on a sell-side sweep that volume confirms; pink SELL triangle fires on a buy-side sweep
4. A target line draws from the signal bar to the next unswept opposite-side zone -- use this as T1
5. Tighten Min Sweep Size (ATR) to only catch clean, decisive sweeps; loosen it to catch smaller sweeps on faster timeframes
🔶 FEATURES
- Non-repainting signals (barstate.isconfirmed)
- Works on all timeframes and instruments
- 9 alert conditions with JSON webhook support
- Persistent liquidity zone tracking with automatic sweep detection
- Compass needle overlay at the right edge showing live cardinal magnet reading
🔶 SETTINGS GUIDE
- Pivot Length -- Lookback for swing high/low detection that defines a liquidity pool
- Max Active Pools -- Cap on simultaneously tracked zones
- Pool Lookback Bars -- Maximum zone age before expiration
- Min Sweep Size (ATR) -- Wick piercing must exceed this ATR fraction to qualify as a sweep
- Volume SMA Length -- Baseline for volume confirmation
- Volume Confirm Multiplier -- Sweep bar volume vs SMA; 1.0 accepts average volume
- Signal Cooldown Bars -- Minimum bars between consecutive signals
- Require Rejection Close -- Enforce classical sweep (close back through level); relax to accept any pierce
🔶 ALERTS
- LMC Buy SSL Sweep -- Sell-side liquidity swept with volume, buy signal fired
- LMC Sell BSL Sweep -- Buy-side liquidity swept with volume, sell signal fired
- LMC Any Signal -- Any directional sweep signal
- LMC Sell-Side Swept -- Sell-side liquidity swept (before volume filter)
- LMC Buy-Side Swept -- Buy-side liquidity swept (before volume filter)
- LMC Strong North -- North magnet strength reaches 75+
- LMC Strong South -- South magnet strength reaches 75+
- LMC New Pool -- A new liquidity zone formed (new pivot confirmed)
- LMC Webhook JSON -- Generic webhook payload for external automation
🔶 LIMITATIONS & DISCLAIMER
- This is a technical analysis tool, not financial advice. Always use proper risk management.
- Past liquidity sweeps do not guarantee future price movements.
- Pool detection depends on pivot confirmation, which lags by the pivot length; pools only appear after a pivot is confirmed.
- Magnet strength is a heuristic based on active-zone count and distance, not a statistically calibrated probability of reversal.
This indicator is designed for smart-money and ICT-style traders who enter reversals immediately after stop hunts. The compass dashboard tracks the net liquidity pull -- how much untaken liquidity sits above versus below current price -- so you always know which direction the market is most likely to reach for next.
🔶 CONCEPTS
In institutional order flow, price often gravitates toward clusters of resting stop orders because those stops represent guaranteed fills for large participants. Equal highs and equal lows are the most obvious such clusters. When price "sweeps" one of these levels -- wicks through it, triggers the stops, then reverses -- a real reversal is often beginning. The compass reading quantifies which side has more untaken liquidity: if more zones sit above price, the market is magnetically pulled higher; if more sit below, pulled lower. Signals fire when a sweep confirms the opposite of the dominant pull -- a classic mean-reversion setup.
🔶 HOW IT WORKS
- Detects pivot highs as BSL zones and pivot lows as SSL zones using the configured pivot length
- Draws each zone as an extending horizontal line with a BSL or SSL tag
- Detects a sweep when the bar's high/low pierces an unswept zone by at least the Min Sweep Size (in ATR units)
- Flips the swept zone to dashed-gray, marks it ⊘, and counts it in total sweeps
- Fires BUY on a sell-side sweep with volume confirmation; SELL on a buy-side sweep with volume confirmation
- Projects target lines to the next unswept zone on the opposite side
🔶 HOW TO USE
1. Add the indicator -- every pivot prints as a horizontal BSL (pink) or SSL (cyan) line extending right
2. Watch the compass dashboard (top-right) for active zone counts, nearest zones, magnet strength, and the dominant direction arrow
3. Green BUY triangle with "SSL SWEEP ↑" label fires on a sell-side sweep that volume confirms; pink SELL triangle fires on a buy-side sweep
4. A target line draws from the signal bar to the next unswept opposite-side zone -- use this as T1
5. Tighten Min Sweep Size (ATR) to only catch clean, decisive sweeps; loosen it to catch smaller sweeps on faster timeframes
🔶 FEATURES
- Non-repainting signals (barstate.isconfirmed)
- Works on all timeframes and instruments
- 9 alert conditions with JSON webhook support
- Persistent liquidity zone tracking with automatic sweep detection
- Compass needle overlay at the right edge showing live cardinal magnet reading
🔶 SETTINGS GUIDE
- Pivot Length -- Lookback for swing high/low detection that defines a liquidity pool
- Max Active Pools -- Cap on simultaneously tracked zones
- Pool Lookback Bars -- Maximum zone age before expiration
- Min Sweep Size (ATR) -- Wick piercing must exceed this ATR fraction to qualify as a sweep
- Volume SMA Length -- Baseline for volume confirmation
- Volume Confirm Multiplier -- Sweep bar volume vs SMA; 1.0 accepts average volume
- Signal Cooldown Bars -- Minimum bars between consecutive signals
- Require Rejection Close -- Enforce classical sweep (close back through level); relax to accept any pierce
🔶 ALERTS
- LMC Buy SSL Sweep -- Sell-side liquidity swept with volume, buy signal fired
- LMC Sell BSL Sweep -- Buy-side liquidity swept with volume, sell signal fired
- LMC Any Signal -- Any directional sweep signal
- LMC Sell-Side Swept -- Sell-side liquidity swept (before volume filter)
- LMC Buy-Side Swept -- Buy-side liquidity swept (before volume filter)
- LMC Strong North -- North magnet strength reaches 75+
- LMC Strong South -- South magnet strength reaches 75+
- LMC New Pool -- A new liquidity zone formed (new pivot confirmed)
- LMC Webhook JSON -- Generic webhook payload for external automation
🔶 LIMITATIONS & DISCLAIMER
- This is a technical analysis tool, not financial advice. Always use proper risk management.
- Past liquidity sweeps do not guarantee future price movements.
- Pool detection depends on pivot confirmation, which lags by the pivot length; pools only appear after a pivot is confirmed.
- Magnet strength is a heuristic based on active-zone count and distance, not a statistically calibrated probability of reversal.
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All scripts & content provided by Forexobroker are for informational & educational purposes only.
🔵Join our free telegram for updates : t.me/algotradingedge
All scripts & content provided by Forexobroker are for informational & educational purposes only.
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🔵Gain access to our powerful tools : kestutisbalciunas.com/tradingview/
🔵Join our free telegram for updates : t.me/algotradingedge
All scripts & content provided by Forexobroker are for informational & educational purposes only.
🔵Join our free telegram for updates : t.me/algotradingedge
All scripts & content provided by Forexobroker are for informational & educational purposes only.
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。