Liquidity Depth [Pro+]

17 Okt 2023

Description:
Liquidity Depth Pro+ is a trading tool with a remarkable adaptability and perfectly aligned with the intricate demands of the futures, forex, and bond markets. This indicator is based on a concept taught by the Inner Circle Trader (ICT), who explains that institutions tend to dig deeper into Liquidity Pools above highs and below lows. Specifically, ICT mentions how in Forex these Liquidity Depths are classically manifested as 10-20-30 pips respectively.

This tool allows the Analyst to adapt this concept based on their understanding of price. It delves into the essence of institutional trading, exposing deeper liquidity depth pursued by institutional giants and astute bank traders that lay further than the mere extremities of price.

NQ1! Example (Tuesday):

1. Price raids Monday's low
   
2. Price raids Friday's low
   
3. Price digs deeper into one of Friday's Deep Liquidity Pools
   
4. Low of the Day Reversal
   

Note: the Depths used in this example are 30-60-90 points.

Key Features:

• Versatility Across Assets: Liquidity Depth Pro+ is finely tailored for futures, forex, and bond markets, making it an all-encompassing solution suitable for a broad range of financial instruments.
  
• Timeframe Customization: Liquidity Depth Pro+ allows users to decide Timeframe Liquidity empowering the analyst with flexibility.
  
• Historical Pools: Choose up to the last 20 highs and lows to mark liquidity pools from the User Selected Timeframe.
  
• Universal Trading Style: Regardless of your trading approach, be it trend-following or reversal models, this indicator embraces all styles. It offers a holistic perspective to navigating liquidity zones above highs and below lows of the chosen Timeframe.
  
• Visual Precision: This indicator visualizes the liquidity depth with a customizable style, allowing the analyst to frame the position of deeper liquidity pools above highs and below lows.
  
• Liquidity Table: Keep track of liquidity levels and unlock faster decision making by taking advantage of the visual Liquidity Table cues.
  
• Adaptive Table Colors: When price is above your desired liquidity pool high, the table will match the liquidity high color to indicate a current liquidity raid or deeper pool being attacked. Vice versa, when price is below your desired liquidity pool low, the table will match the liquidity low color.
  
• Real-Time Alerts: Save Time with live alerts that provide valuable insights into potential opportunities and liquidity purges at your desired liquidity levels.
  

Other Features:

• Choose the Depth Type ("Auto", "Value", "Ticks", "Pips"). The “Auto” feature will select the best unit of measurement for the depths based on the current market on chart.
  
• Choose to show up to Three Liquidity Depths.
  
• Customize the Liquidity Line Style.
  
• Customize the Liquidity Line Color.
  
• Customize the Liquidity Line Width.
  
• Customize Table Size and Location
  

Usage Guidance:

1. Add Liquidity Depth [Pro+] to your Tradingview chart.
   
2. Customize your desired Timeframe and Liquidity Depths to align with your personal preference.
   
3. Observe where the Liquidity Lines manifest above and below your chosen Timeframe’s highs and lows respectively, once they are raided.
   
4. Leverage this invaluable information to frame the narrative, whether you opt to pursue liquidity or capitalize on post-purge reversals.
   

These tools are available ONLY on the TradingView platform.

Terms and Conditions

• Our charting tools are products provided for informational and educational purposes only and do not constitute financial, investment, or trading advice. Our charting tools are not designed to predict market movements or provide specific recommendations. Users should be aware that past performance is not indicative of future results and should not be relied upon for making financial decisions. By using our charting tools, the purchaser agrees that the seller and the creator are not responsible for any decisions made based on the information provided by these charting tools. The purchaser assumes full responsibility and liability for any actions taken and the consequences thereof, including any loss of money or investments that may occur as a result of using these products. Hence, by purchasing these charting tools, the customer accepts and acknowledges that the seller and the creator are not liable nor responsible for any unwanted outcome that arises from the development, the sale, or the use of these products.
  Finally, the purchaser indemnifies the seller from any and all liability. If the purchaser was invited through the Friends and Family Program, they acknowledge that the provided discount code only applies to the first initial purchase of the Toodegrees Premium Suite subscription. The purchaser is therefore responsible for cancelling – or requesting to cancel – their subscription in the event that they do not wish to continue using the product at full retail price. If the purchaser no longer wishes to use the products, they must unsubscribe from the membership service, if applicable. We hold no reimbursement, refund, or chargeback policy. Once these Terms and Conditions are accepted by the Customer, before purchase, no reimbursements, refunds or chargebacks will be provided under any circumstances.
  
  By continuing to use these charting tools, the user acknowledges and agrees to the Terms and Conditions outlined in this legal disclaimer.
  

18 Okt 2023

Nota Keluaran

Pre-Release Bug Fix

• Fixed previous liquidity levels being inaccurate on LTF
  
• Fixed Depth bug where liquidity lines would never show
  

11 Dis 2023

Nota Keluaran

Feature Added: can now use Custom Session Liquidity Pools, on top of Candle Liquidity Pools.

Remove from Chart > Refresh Tradingview > Re-add to Chart to see changes!

14 Jan 2024

Nota Keluaran

Better alert messages and instructions.

To see changes: remove indicator from the chart, refresh TradingView, re-add to the chart.

2 Sep 2024

Nota Keluaran

To see the updated version, remove and re-add the tool to your chart.

• Added ICT's One Setup For Life (Session Liquidity) option!
  
• Added three extension options for Liquidity Levels and Depths.
  
• Fixed bug where Sellside Liquidity levels did not send an alert.
  

2 Sep 2024

Nota Keluaran

Fixed Author's Instructions

2 Sep 2024

Nota Keluaran

Minor Bug Fixes

2 Sep 2024

Nota Keluaran

Minor Bug Fixes (removed line plot)

4 Mac

Nota Keluaran

• Code Optimization
  
• Fixed Bug where OSFL Liquidity was incorrect above the 1m Timeframe
  

23 Apr

Nota Keluaran

New Liquidity Depth [Pro+] Features:

• Quick Toggle: Instantly enable/disable Liquidity Depth plots, a useful toggle to focus on additional tool features.
  
• New LD Types: Custom Liquidity Depth Session Timings in collaboration with PoiSzn for AM and PM ranges.
  
• Real-Time Boxes: View the liquidity depth sessions and PoiSzn toggles real-time as they form allowing users to see the range build and complete dynamically.
  
• Liquidity Labeling: Toggle whether to choose abbreviated or full liquidity names with auto-positioning.
  
• Label Tooltips: Hover over the liquidity labels to see more information about the liquidity date, time of the highest or lowest candle, and the actual price.
  
• Previous Pools: Analysts can display up to 20 previous untapped liquidity pools for OSFL Liquidity Depth, PoiSzn AM and PM Session Ranges, and OHLC.
  
• Custom Sessions: Now users can add up to 4 custom liquidity sessions.
  
• Auto Coloring: Toggle this feature to auto-color session boxes and liquidity lines based on bullish or bearish ranges. The session or OHLC open and close will be used for this calculation.
  
• Percentage Mode: Enable this new liquidity depth calculation to plot horizontal arrays above session or OHLC highs and lows to see % moves above liquidity pools.
  
• Time Distortion Rebalancing (TDR): Hide specific trading sessions (up to four) to identify potential price imbalance zones. Plot horizontal reference lines (TDR lines) at the open or close of each selected session labelled with each the corresponding session name or start time. Once price revisits a TDR level, it is marked as mitigated and the line stops extending.
  

Range Deviations [Pro+] Script Merge:
The Range Deviations is your ultimate automatic ICT range projection tool.

It builds off of ICT's Friday's Asian Range Concept, but allows you to project the standard deviations of any custom price range between two Time points for any day of the week. The range will be defined, and projected, in two ways:

• The distance between the highest and lowest wick.
  
• The distance between the highest and lowest body.
  

You can choose to show one over the other, or show both at once, depending on your trading style and ICT's teachings on the matter – bodies tend to represent activity of larger players, hence projections made on the bodies may point to important institutional levels; wicks "do the damage" and may provide more confluence with ICT PD Arrays of interest.

Once configured, this tool gives you the ability to automatically plot points of reference based on your Time model of choice. For example:

• Project the Friday's Asian Range throughout the next week to get parameters for High Probability PD Arrays.
  
• Project the Monday Range to define the expectations for the weekly expansion and weekly candle development.
  
• Project the Daily Index Opening Range (9:30-10:30) of every day to estimate important Points of Interest intraday.
  

The tool projects five standard deviations out of the box (1, 2, 3, 4, 5). However the user can input as much as four custom deviations! Here you can have your OTE (.62), the retracement expectation (2.5), or whatever projection may work for you:


These range projections can be projected forward in Time by a day, or a week; this allows you to see how price reacts to the projections, or keep them out of the way for a cleaner look.
You'll also have the freedom to choose which deviations you want to project:

Singular deviation to be alerted at:


Specific range type (Body):


The true power of this tool is its automatic, hands off aspect. You can set it up on multiple pairs, plot the projections of a specific Time & price range, and set alerts for when your desired deviation is traded to.
You will get notified about a potential setup without having to monitor various markets at once!

New Range Deviations [Pro+] Features:

• Quick Toggle: Instantly enable/disable range projections with a single toggle to focus on other features of this indicator.
  
• Enhanced Range Labels: Display Timing labels along with wick & body ranges point/pip ranges for each session.
  
• Midpoints Added: Analysts can now plot midpoints for both body and wick session projections with full styling options.
  
• Modernized Inputs: This new update improves the settings for user selection and interface, providing a clean input panel with grouped parameters.
  
• Range Deviation Zones: Users can define and select the range between wick or body projections to see an area of price instead of a specific level.
  
• Enhanced Alert System: Clarity and tooltip directions for creating tailored alerts to each analyst projections and for alert-level setup. Now supports projection levels for Body and Wick projections (e.g., 1B, 2B, 3B, etc.).
  
• Bug Fixes: Various internal stability and rendering improvements.
  

25 Apr

Nota Keluaran

Minor Bug Fixes

25 Apr

Nota Keluaran

Minor Bug Fixes

28 Apr

Nota Keluaran

• Custom Session Color Override for Auto Color Liquidity Depth Feature
  
• Custom Extension Time for Range Deviations
  

13 Mei

Nota Keluaran

• Added Customization for Projection Location
  
• Minor Bug Fixes