God's of Liquidity

20. Aug.

Here’s a detailed description for your script, following the guidelines for clarity and originality:

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**Title:** God's of Liquidity

**Description:**
The "Gods of Liquidity" script is a comprehensive trading tool designed to help traders identify high-probability buy and sell opportunities based on a combination of liquidity levels, RSI-based sentiment analysis, and session-specific filters.

**Key Features:**
1. **Liquidity Zones Identification:**
- The script dynamically calculates the previous day's high and low levels, which serve as critical liquidity zones. Traders can use these levels to spot potential breakout points and reversals.

2. **RSI-Based Sentiment Analysis:**
- The script incorporates a sophisticated RSI-based sentiment model that differentiates between institutional (Banker) and retail (Hot Money) activity. This dual RSI approach allows traders to gauge market sentiment and anticipate shifts in momentum.
- **Banker RSI:** Measures the sentiment of institutional traders, with customizable sensitivity and period parameters.
- **Hot Money RSI:** Measures retail trader sentiment, with its own adjustable settings to tailor the script to various market conditions.

3. **Session and Day Filters:**
- Traders can restrict signals to specific trading sessions and days of the week, providing greater control and precision in executing trades. This feature is particularly useful for aligning trading activity with market conditions that best suit the strategy.

4. **Breakout and Reversal Signals:**
- The script generates buy signals when the price breaks above the previous day's high, accompanied by bullish RSI sentiment from institutional traders. Conversely, sell signals are generated when the price breaks below the previous day's low, with bearish institutional sentiment.
- These signals are visually marked on the chart, making it easier for traders to identify potential trading opportunities.

5. **Customizable Moving Averages:**
- The script allows users to customize the moving averages used in the RSI calculations, giving traders the flexibility to adapt the tool to their specific trading style and market conditions.

6. **Alert System:**
- Alerts are integrated to notify traders when buy or sell conditions are met, ensuring that traders can react promptly to potential trading opportunities without constantly monitoring the charts.

**How It Works:**
- The script uses the previous day's high and low as key liquidity levels. The price crossing these levels, combined with RSI-based signals, indicates potential buy or sell opportunities.
- The sentiment analysis is derived from the RSI values, with separate calculations for institutional and retail activities. The crossover points of these RSI values against their respective moving averages trigger buy or sell signals.
- The session and day filters allow traders to focus on the most relevant times for trading, enhancing the effectiveness of the strategy.

**Usage:**
- This indicator is designed for Forex traders who want to integrate liquidity zones and sentiment analysis into their trading strategy. It is particularly effective on daily or higher timeframes where liquidity levels and RSI-based sentiment analysis can provide strong indications of market direction.
- The script's flexibility in adjusting session times, days, and RSI parameters makes it suitable for a wide range of trading styles, from day trading to swing trading.

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**License:**
This source code is subject to the terms of the Mozilla Public License 2.0 at [Mozilla Public License 2.0](mozilla.org/MPL/2.0/).
© bankbaguitarcrazy

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This description should provide sufficient detail to comply with the publication guidelines, offering clear insight into how the script works and its unique features.

20. Okt.

Versionshinweise

update for indicator parameter

20. Okt.

Versionshinweise

Update v3

24. Okt.

Versionshinweise

Update sell parameter