Liquidity and SFP
If the liquidity points have been run, there will be a line print, when they have not been run there will still be a single triangle print without a line.
If the liquidity is run and then the candle closes above we print a checkmark to demo that it is likely that this was a stop run to generate liquidity for bigger market participants. This can help with entry identification if this is a method you deploy.
This indicator is available as part of membership at at decentrader.com
*Added Liquidity levels*
Recommended settings after significant user testing;
1. Lookback period should be c. 300 bars, but ultimately cover the most recent consolidation.
2. Use liquidity on 4 hour + => recommend 12 hour and 1 day
3. We kept only 10x and 3x liquidations - these seem to be most significant to market movers
4. We recommend using 10x most of the time... uncheck it from the options; 3x is more important on mass liquidation events
Logic approach;
- Price will gravitate to liquidity (lines)
- Once the block is taken, we expect resistance / support to materialise
- *consider the book* -> if there is a massive bid/ask where liquidations rest, likelihood of liquidation event diminishes.
It is strongly suggested to limit the number of lines visible & review each liquidity level individually due to pine script line print constraints, otherwise, data will be missing.
Please see the tutorial video if unclear.
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact filbfilb directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact filbfilb directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.