Liquidity Hunter 🎯

🎯 Welcome to Liquidity Hunter!

This isn't just another indicator that draws lines on your chart. It's a comprehensive tool designed to help you see the market's structure by identifying key liquidity pools where stop-loss and pending orders are likely to be clustered. Price is often drawn to these levels, and understanding where they are can give you a significant edge in your trading.

💡 What is Liquidity?

In simple terms, liquidity refers to areas on the chart where a significant amount of trading activity is expected. These are often found:

• Above old highs (buy-side liquidity)
  
• Below old lows (sell-side liquidity)
  

When price revisits these areas, it can trigger a cascade of orders, leading to significant and rapid price movements. This indicator helps you anticipate these moves before they happen.

✨ Core Features

This indicator is packed with features to provide a complete liquidity analysis:

• Multi-Type Liquidity Detection: Identifies and plots various types of liquidity:
  Structural: Swing Highs/Lows (S-H, S-L) and Equal Highs/Lows (EQH, EQL).
  Time-Based: Previous Day, Week, and Month Highs/Lows (PDH/L, PWH/L, PMH/L).
  Session-Based: Highs and Lows of the Asia, London, and New York sessions.
  
• Volume-Based Strength Analysis: Not all levels are equal. The indicator analyzes the volume at the creation of a swing point. A High-Strength level (marked with a ⭐) was formed with significant market participation, making it a more reliable point of interest.
  
• Sweep vs. Break Intelligence: It intelligently distinguishes between a liquidity sweep (price wicks through a level and reverses) and a structural break (price closes firmly beyond the level), helping you understand market intention. Optional symbols (💰 for sweep, ▶ for break) can mark these events.
  
• Advanced EQL/EQH Visualization: The new detection method visually connects equal highs or lows with a dotted line, making these obvious targets easy to spot without hiding the original swing points that form them.
  
• Session & Killzone Visuals: Visualize the Asian, London, and New York trading sessions and their high-probability "Killzones" directly on your chart to better time your entries and understand the market context.
  
• At-a-Glance Dashboard: The customizable on-screen dashboard keeps you informed of the nearest bullish and bearish liquidity targets, their distance from the current price, and their strength.
  

🚀 How To Use It

Here are a few ways you can incorporate Liquidity Hunter into your trading strategy:

1. As Targets: Use the plotted levels as potential take-profit targets. If you're in a long position, a nearby bearish liquidity level (e.g., an old Swing High) could be a logical place to exit.
   
2. As Entry Zones: Wait for price to react at these key levels. A common strategy is to look for a sweep of a key low (a "stop hunt") followed by a strong bullish candle, which can signal a high-probability long entry.
   
3. For Confluence: Combine the liquidity levels with your existing strategy. For example, if a high-strength swing low aligns with a key Fibonacci level or a moving average, it becomes a much stronger support zone.
   
4. To Gauge Momentum: The optional Trend Momentum Analysis looks at the volume of consecutive high-strength swings. A new high-strength high forming with more volume than the last one (📈) can indicate strengthening bullish momentum.
   

⚙️ Customization

Dive into the settings to fully customize the indicator to your liking. You can:

• Toggle different liquidity types on or off.
  
• Adjust the pivot lookback period to suit your trading style.
  
• Define your exact session times (in your chosen timezone!).
  
• Change all colors and styles to match your chart theme perfectly.
  

💬 We Want Your Feedback!

This indicator is actively developed, and your feedback is invaluable! If you...

• Find a bug 🐞
  
• Have an idea for a new feature or improvement 💡
  
• Want to share how you use the indicator 📈
  

...please leave a comment below or send me a direct message! Let's work together to make this the best liquidity tool on TradingView. Happy hunting!