OPEN-SOURCE SCRIPT
Levels With Touch Color (Dotted Touch)
Engulfing Candles — Levels with Touch & Liquidity Sweep
This indicator detects bullish and bearish engulfing candlestick patterns and plots support/resistance levels based on these patterns. It also highlights touch points where price interacts with these levels and visualizes liquidity areas for potential buy and sell zones.
Features:
Detects bullish and bearish engulfing patterns
Plots fixed levels at the high or low of the engulfing candle
Pointed touch lines:
Level changes color when price touches the level without breaking it
Green for bullish touches, red for bearish touches
Liquidity visualization:
Buy-side liquidity displayed as a line below the touched bullish level
Sell-side liquidity displayed as a line above the touched bearish level
Clean visual design with no background boxes, keeping the chart uncluttered
Automatic management of historical lines to prevent chart overload
Fully customizable liquidity offset and max number of historical levels
How to use:
Look for engulfing candle levels forming on the chart.
Watch the touch lines (green/red) for potential price reaction areas.
Identify zones where stop-hunts or market liquidity might appear.
Combine with your strategy or price action tools to find entries or exits.
Inputs:
Max history lines — Limits how many historical levels are kept on the chart
Liquidity offset — Adjusts distance of liquidity lines from the original level
Notes:
Touch lines turn colored only when price interacts with the level but does not break it.
Liquidity lines extend a few bars forward for visual clarity.
Works on all timeframes.
This indicator detects bullish and bearish engulfing candlestick patterns and plots support/resistance levels based on these patterns. It also highlights touch points where price interacts with these levels and visualizes liquidity areas for potential buy and sell zones.
Features:
Detects bullish and bearish engulfing patterns
Plots fixed levels at the high or low of the engulfing candle
Pointed touch lines:
Level changes color when price touches the level without breaking it
Green for bullish touches, red for bearish touches
Liquidity visualization:
Buy-side liquidity displayed as a line below the touched bullish level
Sell-side liquidity displayed as a line above the touched bearish level
Clean visual design with no background boxes, keeping the chart uncluttered
Automatic management of historical lines to prevent chart overload
Fully customizable liquidity offset and max number of historical levels
How to use:
Look for engulfing candle levels forming on the chart.
Watch the touch lines (green/red) for potential price reaction areas.
Identify zones where stop-hunts or market liquidity might appear.
Combine with your strategy or price action tools to find entries or exits.
Inputs:
Max history lines — Limits how many historical levels are kept on the chart
Liquidity offset — Adjusts distance of liquidity lines from the original level
Notes:
Touch lines turn colored only when price interacts with the level but does not break it.
Liquidity lines extend a few bars forward for visual clarity.
Works on all timeframes.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.