OPEN-SOURCE SCRIPT
For Vietnamese: 3D Volume Weighted Liquidity Level
Introduction
The 3D Volume Weighted Liquidity Level indicator visualizes market structure by identifying key support and resistance zones based on Pivot Highs and Lows. Unlike standard support/resistance lines, this tool adds a "3D" dimension by calculating the depth of the zone based on Accumulated Volume and Volatility (ATR). This helps traders visualize the "weighted" or significance of a specific price level.
Key Features
- 3D Visualization: Draws geometric boxes connecting similar Pivot points to create clear structural zones.
- Volume & Volatility Depth: The height (depth) of the box is not random. It is calculated dynamically using the accumulated volume between pivots multiplied by the ATR. Thicker boxes imply higher volume accumulation and volatility at that level.
- Liquidity Grab Detection: The indicator automatically detects and highlights bars that "grab liquidity" (break the top of a resistance box or the bottom of a support box), signaling potential stop hunts or reversals.
- Customizable Sensitivity: Users can adjust pivot lengths, search depth, and the volume scaling factor to fit different timeframes and assets.
How to Use
- Support & Resistance: Use the Blue Boxes as potential Support zones and Red Boxes as potential Resistance zones.
- Trend Reversals: Watch for the Liquidity Grab signals (colored bars). If price pierces a box but fails to close significantly beyond it, it often indicates a trap or a reversal setup.
- Volume Analysis: Pay attention to the thickness of the boxes. A thicker box suggests that a significant amount of volume was traded to form that structure, making it a stronger level of interest.
The 3D Volume Weighted Liquidity Level indicator visualizes market structure by identifying key support and resistance zones based on Pivot Highs and Lows. Unlike standard support/resistance lines, this tool adds a "3D" dimension by calculating the depth of the zone based on Accumulated Volume and Volatility (ATR). This helps traders visualize the "weighted" or significance of a specific price level.
Key Features
- 3D Visualization: Draws geometric boxes connecting similar Pivot points to create clear structural zones.
- Volume & Volatility Depth: The height (depth) of the box is not random. It is calculated dynamically using the accumulated volume between pivots multiplied by the ATR. Thicker boxes imply higher volume accumulation and volatility at that level.
- Liquidity Grab Detection: The indicator automatically detects and highlights bars that "grab liquidity" (break the top of a resistance box or the bottom of a support box), signaling potential stop hunts or reversals.
- Customizable Sensitivity: Users can adjust pivot lengths, search depth, and the volume scaling factor to fit different timeframes and assets.
How to Use
- Support & Resistance: Use the Blue Boxes as potential Support zones and Red Boxes as potential Resistance zones.
- Trend Reversals: Watch for the Liquidity Grab signals (colored bars). If price pierces a box but fails to close significantly beyond it, it often indicates a trap or a reversal setup.
- Volume Analysis: Pay attention to the thickness of the boxes. A thicker box suggests that a significant amount of volume was traded to form that structure, making it a stronger level of interest.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que la republicación del código está sujeta a nuestras Normas internas.
MikeJSaylor @ telegram
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que la republicación del código está sujeta a nuestras Normas internas.
MikeJSaylor @ telegram
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.