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Liquidity Hunter [VectorYield]

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Liquidity Hunter is a technical analysis tool designed to visualize market structure by identifying key liquidity pools—areas where stop-loss and pending orders are typically clustered. This indicator highlights these levels to help traders analyze potential price reaction zones.

What is Liquidity?
In technical analysis, liquidity refers to price levels where significant trading activity has historically occurred or is expected to occur, such as:

  • Above old Swing Highs (Buy-side liquidity)
  • Below old Swing Lows (Sell-side liquidity)

Core Features

1. Multi-Type Liquidity Detection
Plots various categories of market structure:
  • Structural: Swing Highs/Lows (S-H, S-L) and Equal Highs/Lows (EQH, EQL).
  • Time-Based: Previous Day, Week, and Month Highs/Lows.
  • Session-Based: High/Low of Asia, London, and New York sessions.

2. Volume-Based Strength
The indicator analyses volume at the pivot point of a swing. Levels marked as High-Strength(⭐) indicate that the pivot was formed with above-average volume relative to the lookback period.

3. Sweep vs. Break Classification
Distinguishes between price interaction types:
  • Liquidity Sweep (💰): Price wicks through a level but closes within the range.
  • Structural Break (▶): Price closes firmly beyond the level.

4. Session & Killzone Visuals
Optionally overlays the Asian, London, and New York trading sessions and specific "Killzone" time windows on the chart.

5. Dashboard
An on-screen dashboard displays the nearest bullish and bearish targets, their distance from current price, and their calculated strength status.

Settings & Customization
  • Pivot Lookback: Adjust the sensitivity of swing detection.
  • Session Times: Configure custom start/end times and timezones for session overlays.
  • Visuals: All colors, line styles, and symbols can be toggled or customized in the settings menu.

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.