OPEN-SOURCE SCRIPT
Liquidity + Fearzone [Combined]
This powerful overlay indicator merges the "Draw on Liquidity [PhenLabs]" and "Fearzone (Zeiierman)" tools to provide a comprehensive view of market dynamics. It identifies high and low liquidity zones using pivot points and volume analysis, drawing dynamic lines on the chart (blue for resistance, red for support) and displaying a customizable dashboard with real-time proximity alerts. Simultaneously, it detects contrarian "fear zones" based on price deviations from highs and moving averages, plotting red candlesticks and optional alert circles when fear conditions are met. Ideal for traders seeking to combine liquidity-based support/resistance with momentum-driven reversal signals, this indicator offers a dual-perspective approach to market analysis.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
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.