OPEN-SOURCE SCRIPT
Liquidity Day Strategy V1
Title: Liquidity Day Strategy V1 [High-Visibility Edition]
Overview
Liquidity Day Strategy V1 is a professional-grade trading tool built on the principles of Institutional Liquidity. It automatically identifies and highlights the Previous Day's High (PDH) and Previous Day's Low (PDL) as critical "Walls of Liquidity." These levels are widely used by institutional traders for stop-hunting or as breakout triggers.
This script combines precise price-action levels with Session Visualization, allowing traders to see exactly when and where liquidity is being captured during the Asia, London, and New York market windows.
Key Features
Bold Liquidity Markers: Automatically plots thick, neon-colored lines for PDH and PDL, ensuring you never miss a key daily level.
Session Backgrounds: Visual overlays for Asia, London, and New York sessions to help you trade during peak volatility. Each session can be toggled on/off independently.
Built-in Strategy Engine: Includes a backtesting module to track performance, Win Rate, and Drawdown directly on your chart.
Dynamic Alert System: Real-time notifications for both "Buy Side" and "Sell Side" breakouts, including live price data in the alerts.
Input Settings & Risk Management
To ensure consistency across different assets (Gold, Forex, or Crypto), this strategy uses Percentage-Based risk management:
Take Profit (%): Sets your target gain. Adjust this based on the asset's average daily range (ADR).
Stop Loss (%): Defines your maximum risk per trade to protect your capital.
Session Visibility: Fully customizable colors and toggles for each trading session to keep your chart as clean or as detailed as you prefer.
Line Styles: Adjustable thickness and color for liquidity levels to suit any chart theme (Dark/Light).
How to Trade
Breakout Confirmation: The strategy triggers a Long entry when the price closes above the PDH and a Short entry when it closes below the PDL.
Session Context: Look for breakouts occurring during the London or NY Open for higher probability moves.
Risk Calibration: Use the Strategy Tester to find the optimal TP/SL ratio for your specific timeframe.
Disclaimer
This script is provided for educational and informational purposes only. Trading financial markets involves significant risk of loss. Past performance, whether real or simulated, is not a guarantee of future results. Always practice proper risk management.
Overview
Liquidity Day Strategy V1 is a professional-grade trading tool built on the principles of Institutional Liquidity. It automatically identifies and highlights the Previous Day's High (PDH) and Previous Day's Low (PDL) as critical "Walls of Liquidity." These levels are widely used by institutional traders for stop-hunting or as breakout triggers.
This script combines precise price-action levels with Session Visualization, allowing traders to see exactly when and where liquidity is being captured during the Asia, London, and New York market windows.
Key Features
Bold Liquidity Markers: Automatically plots thick, neon-colored lines for PDH and PDL, ensuring you never miss a key daily level.
Session Backgrounds: Visual overlays for Asia, London, and New York sessions to help you trade during peak volatility. Each session can be toggled on/off independently.
Built-in Strategy Engine: Includes a backtesting module to track performance, Win Rate, and Drawdown directly on your chart.
Dynamic Alert System: Real-time notifications for both "Buy Side" and "Sell Side" breakouts, including live price data in the alerts.
Input Settings & Risk Management
To ensure consistency across different assets (Gold, Forex, or Crypto), this strategy uses Percentage-Based risk management:
Take Profit (%): Sets your target gain. Adjust this based on the asset's average daily range (ADR).
Stop Loss (%): Defines your maximum risk per trade to protect your capital.
Session Visibility: Fully customizable colors and toggles for each trading session to keep your chart as clean or as detailed as you prefer.
Line Styles: Adjustable thickness and color for liquidity levels to suit any chart theme (Dark/Light).
How to Trade
Breakout Confirmation: The strategy triggers a Long entry when the price closes above the PDH and a Short entry when it closes below the PDL.
Session Context: Look for breakouts occurring during the London or NY Open for higher probability moves.
Risk Calibration: Use the Strategy Tester to find the optimal TP/SL ratio for your specific timeframe.
Disclaimer
This script is provided for educational and informational purposes only. Trading financial markets involves significant risk of loss. Past performance, whether real or simulated, is not a guarantee of future results. Always practice proper risk management.
Mã nguồn mở
Theo đúng tinh thần TradingView, tác giả của tập lệnh này đã công bố nó dưới dạng mã nguồn mở, để các nhà giao dịch có thể xem xét và xác minh chức năng. Chúc mừng tác giả! Mặc dù bạn có thể sử dụng miễn phí, hãy nhớ rằng việc công bố lại mã phải tuân theo Nội quy.
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
Mã nguồn mở
Theo đúng tinh thần TradingView, tác giả của tập lệnh này đã công bố nó dưới dạng mã nguồn mở, để các nhà giao dịch có thể xem xét và xác minh chức năng. Chúc mừng tác giả! Mặc dù bạn có thể sử dụng miễn phí, hãy nhớ rằng việc công bố lại mã phải tuân theo Nội quy.
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.