OPEN-SOURCE SCRIPT
Liquidity Spotter
Aktualisiert
Indicator Setup:
The script sets up a TradingView indicator titled "Liquidity Spotter" with a short title "PWWTC LS". It's designed to overlay on the price chart (overlay=true).
Input Variables:
The script defines input variables that allow users to customize the behavior of the indicator:
atr_length: Length of the Average True Range (ATR) used in calculations.
volume_multiplier: Multiplier used to compare the volume of the current bar with the average volume.
range_multiplier: Multiplier used to calculate the range condition.
highlight_color: Color used to highlight bars when conditions are met.
Calculations:
The script calculates the ATR and average volume using the ta.atr and ta.sma functions provided by TradingView's Pine Script.
It sets the avg_range to the value of the ATR, essentially making it the same as atr_value.
Conditions:
The script checks several conditions based on the calculated values:
range_condition: Compares the range (high - low) of the current bar with the average range multiplied by the range multiplier.
volume_condition: Compares the volume of the current bar with the average volume multiplied by the volume multiplier.
range_volume_condition: Compares the ratio of range to volume with the ratio of average range to average volume.
Plotting:
Based on the conditions being met or not, the script sets the color of the price bars. If all conditions are met, the color of the bars will be set to highlight_color, otherwise, it will remain unchanged (na).
Overall, this script visually highlights price bars on the chart where specific conditions related to range, volume, and their ratio are met, potentially indicating trading opportunities.
The script sets up a TradingView indicator titled "Liquidity Spotter" with a short title "PWWTC LS". It's designed to overlay on the price chart (overlay=true).
Input Variables:
The script defines input variables that allow users to customize the behavior of the indicator:
atr_length: Length of the Average True Range (ATR) used in calculations.
volume_multiplier: Multiplier used to compare the volume of the current bar with the average volume.
range_multiplier: Multiplier used to calculate the range condition.
highlight_color: Color used to highlight bars when conditions are met.
Calculations:
The script calculates the ATR and average volume using the ta.atr and ta.sma functions provided by TradingView's Pine Script.
It sets the avg_range to the value of the ATR, essentially making it the same as atr_value.
Conditions:
The script checks several conditions based on the calculated values:
range_condition: Compares the range (high - low) of the current bar with the average range multiplied by the range multiplier.
volume_condition: Compares the volume of the current bar with the average volume multiplied by the volume multiplier.
range_volume_condition: Compares the ratio of range to volume with the ratio of average range to average volume.
Plotting:
Based on the conditions being met or not, the script sets the color of the price bars. If all conditions are met, the color of the bars will be set to highlight_color, otherwise, it will remain unchanged (na).
Overall, this script visually highlights price bars on the chart where specific conditions related to range, volume, and their ratio are met, potentially indicating trading opportunities.
Versionshinweise
Indicator Setup:The script sets up a TradingView indicator titled "Liquidity Spotter" with a short title "PWWTC LS". It's designed to overlay on the price chart (overlay=true).
Input Variables:
The script defines input variables that allow users to customize the behavior of the indicator:
atr_length: Length of the Average True Range (ATR) used in calculations. (6 by default)
volume_multiplier: Multiplier used to compare the volume of the current bar with the average volume. (1.2 by default)
range_multiplier: Multiplier used to calculate the range condition. (1 by default)
highlight_color: Color used to highlight bars when conditions are met. (Yellow by default)
Calculations:
The script calculates the ATR and average volume using the ta.atr and ta.sma functions provided by TradingView's Pine Script.
It sets the avg_range to the value of the ATR, essentially making it the same as atr_value.
Conditions:
The script checks several conditions based on the calculated values:
range_condition: Compares the range (high - low) of the current bar with the average range multiplied by the range multiplier.
volume_condition: Compares the volume of the current bar with the average volume multiplied by the volume multiplier.
range_volume_condition: Compares the ratio of range to volume with the ratio of average range to average volume.
Plotting:
Based on the conditions being met or not, the script sets the color of the price bars. If all conditions are met, the color of the bars will be set to highlight_color, otherwise, it will remain unchanged (na).
Overall, this script visually highlights price bars on the chart where specific conditions related to range, volume, and their ratio are met, potentially indicating trading opportunities.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun das Script auch andere Trader verstehen und prüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden. Die Nutzung dieses Codes in einer Veröffentlichung wird in unseren Hausregeln reguliert. Sie können es als Favoriten auswählen, um es in einem Chart zu verwenden.
Möchten Sie dieses Skript auf einem Chart verwenden?
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.