OPEN-SOURCE SCRIPT
Fundamentals of Liquidity & Trend Filter v2
Here is the amended TradingView Pine Script v6 indicator.
The previous version highlighted the background, but this updated script actively draws horizontal liquidity boxes directly on the chart, which act as visual representations of liquidity pools or dense order book zones. It also explicitly plots the fast Exponential Moving Average (EMA) and slow Simple Moving Average (SMA) lines and ensures they are highly visible.
What is new in this version:
Explicit EMA/SMA Plots: The fast EMA and slow SMA are drawn with thicker lines to ensure they overlay clearly on top of the price candles. The SMA helps filter out microstructure noise, while the EMA tracks immediate momentum.
Horizontal Liquidity Zones: Instead of coloring the background, the script now draws dynamic horizontal boxes around the price action (from the highest high to the lowest low) whenever the market enters a high-liquidity regime.
Liquidity Percentages: Inside each horizontal box, the script dynamically updates and displays the peak "Relative Liquidity %" achieved during that specific liquidity zone, allowing you to gauge the density of the volume pool supporting that price level.
The previous version highlighted the background, but this updated script actively draws horizontal liquidity boxes directly on the chart, which act as visual representations of liquidity pools or dense order book zones. It also explicitly plots the fast Exponential Moving Average (EMA) and slow Simple Moving Average (SMA) lines and ensures they are highly visible.
What is new in this version:
Explicit EMA/SMA Plots: The fast EMA and slow SMA are drawn with thicker lines to ensure they overlay clearly on top of the price candles. The SMA helps filter out microstructure noise, while the EMA tracks immediate momentum.
Horizontal Liquidity Zones: Instead of coloring the background, the script now draws dynamic horizontal boxes around the price action (from the highest high to the lowest low) whenever the market enters a high-liquidity regime.
Liquidity Percentages: Inside each horizontal box, the script dynamically updates and displays the peak "Relative Liquidity %" achieved during that specific liquidity zone, allowing you to gauge the density of the volume pool supporting that price level.
開源腳本
秉持TradingView一貫精神，這個腳本的創作者將其設為開源，以便交易者檢視並驗證其功能。向作者致敬！您可以免費使用此腳本，但請注意，重新發佈代碼需遵守我們的社群規範。
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。
開源腳本
秉持TradingView一貫精神，這個腳本的創作者將其設為開源，以便交易者檢視並驗證其功能。向作者致敬！您可以免費使用此腳本，但請注意，重新發佈代碼需遵守我們的社群規範。
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。