OPEN-SOURCE SCRIPT
Liquidity Grab [crypticmaster]
Test Strat Liquidity Grab by CrypticMaster.
How It Works
Liquidity Zones: The script identifies recent highs and lows using the ta.highest and ta.lowest functions.
Liquidity Grab Detection: It detects when price breaks a recent high/low and then reverses (closes below/above the high/low).
Confirmation: A simple moving average (SMA) crossover is used to confirm the reversal.
Signals: Buy/sell signals are generated when the conditions are met.
Heikin Ashi Option: You can toggle Heikin Ashi candles for smoother price action analysis.
How It Works
Liquidity Zones: The script identifies recent highs and lows using the ta.highest and ta.lowest functions.
Liquidity Grab Detection: It detects when price breaks a recent high/low and then reverses (closes below/above the high/low).
Confirmation: A simple moving average (SMA) crossover is used to confirm the reversal.
Signals: Buy/sell signals are generated when the conditions are met.
Heikin Ashi Option: You can toggle Heikin Ashi candles for smoother price action 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.