Texmoonbeam

Unraided Liquidity and S/R Pivots

Texmoonbeam Updated   
This indicator is designed to show key pivot points, also known as levels, which could provide good trade entries.

Utilising liquidity concepts, untested pivot levels can be a good place to enter a trade after the pivot is tested, liquidity is taken and the direction reverses.

Alternatively, utilising the option of viewing already tested levels, you can easily see the key support and resistance areas that price is likely to have a strong reaction to, whether it wants to go toward or bounce away from these levels.

The indicator does not give buy and sell signals, it is up to you to use the levels to form your trading plan.

Oorah.
Release Notes:
Fixed an issue with repainting.
Fixed an issue where current bar was not removing lines when looking at untested only.
Release Notes:
Added bar merging for gaps and invalid symbol exceptions.
Release Notes:
Removed bar merging due to array element issue.
Release Notes:
Increased max lines count
Fixed some array size index errors

Contact me directly on TradingView or Twitter for queries, for purchasing and indicator guides please check here www.tradingparadise.io/
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

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