OPEN-SOURCE SCRIPT
Low Volume Liquidity Void Detector
How It Works:
The script calculates an average volume over a user-defined lookback period.
It identifies low-volume bars where volume is below a percentage of the average.
It checks if the price is near significant highs/lows within that period, indicating a possible liquidity void.
If the price enters these voids, it triggers long or short signals with alerts.
The script calculates an average volume over a user-defined lookback period.
It identifies low-volume bars where volume is below a percentage of the average.
It checks if the price is near significant highs/lows within that period, indicating a possible liquidity void.
If the price enters these voids, it triggers long or short signals with alerts.
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 publications is governed by House rules. You can favorite it to use it on a chart.
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Disclaimer
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