Liquidity Heatmap (Nephew_Sam_) — Indicator by nephew_sam_

pivotpointsandlevels sentiment liquidity liquiditypool smartmoney pivot

Liquidity Heatmap

This indicator plots a heatmap of resting liquidity above and below swing lows and multiple timeframes

The darker the color is or the larger the zone is, the more liquidity is lying there. If you think there are too many zones, you can increase the timeframes in the settings or just disable it.

Liquidity simply means orders such as stoplosses, buy/sell stops.

Disclaimer: You are free to use this code but your should be open source too

Release Notes:

Updates for LTF + HTF

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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.

Want to use this script on a chart?