TradingView Indicator · How I run it

How I run Liquidity - my setup, start to finish.

I use it as a map. It tells me where price has somewhere to go and what is already done. It never tells me to enter.

00

Quick start

Five steps from a blank chart to the setup I actually use.

  1. Add the indicator and turn on HTF 1 and HTF 2. The defaults are 60 and 240.
  2. Keep Previous Day and Week High/Low on, both, with dates in the labels.
  3. Keep Chart TF Liquidity on, plus Hide Filled and Extend Liquidity Until Filled.
  4. Leave REQH/REQL on and everything session-related off.
  5. Recolor Buyside first. It defaults to black and disappears on a dark chart.
Good to know

Liquidity shows structure, not trade advice. There are no alerts in this version, so you have to watch the chart.

01

Timeframes

Trade off the chart timeframe, read context from the HTFs.

HTF 1 on
Default 60. Draws the 1H completed highs and lows over my lower timeframe chart.
HTF 2 on
Default 240. Draws the 4H completed highs and lows. It does nothing if you sit on the 4H, because HTFs only work above your chart timeframe.
No repaint

The HTF lines come from completed bars, so they do not repaint.

02

What I keep on

The first levels I look at, and the ones that keep the chart honest.

Previous Day and Week High/Low on
Both, on. These are the first levels I look at. Dates in labels stay on so I know which day a level is from.
Chart TF Liquidity on
Pivots use a strength of 5, fixed.
Hide Filled on
A level that has been swept is finished. I do not want the chart full of old ones.
Extend Liquidity Until Filled on
Open levels run to the right until price takes them.
REQH/REQL on
It is the default and it is quiet.
One fix

Buyside defaults to black. On a dark chart you will not see it, so recolor it first.

03

What I keep off

Less on the chart, faster read.

Session levels off
Off by default. I only turn sessions on when I want the Asia or London range specifically.
Session bar colors off
Off by default, for the same reason.
Smooth Bodies off
Off unless I am studying it. It adds a lot of lines.
EQH/EQL plain levels off
REQ is the cleaner version.
04

How I read it

Where price can go, and what has already been taken.

Buyside and sellside
Buyside sits above price at swing highs. Sellside sits below at swing lows. A level that is still drawn has not been taken. That is the whole point.
Wick versus close
On HTF levels the indicator tracks a wick through and a close through as separate events. A wick that takes the level and closes back is a sweep. A close through is a fill.
Labels
They show price, timeframe, weekday and side. Turn off what you do not need. Fewer words, faster read.
Stacked levels
When a liquidity level lines up with PDH, PDL, PWH or PWL, the labels merge so you see one stacked level. Stacked levels are the ones I respect most.
05

Keep it clean

Three settings I leave alone.

Amount of Valid Levels 3
Three per side. Raise it and the chart gets crowded.
Limit Draws to Price Band on
Far-away levels stretch your scale, so I leave this on.
Hide Filled on
If you need old levels, turn it off. They show dotted at the lower opacity.
06

A clean use

What a readable chart looks like.

  1. Turn on PD and PW levels, chart liquidity, and HTF 1 and 2.
  2. Mark the closest untouched levels above and below price. That is your range of targets.
  3. Wait for price to take one side. Note whether it wicked and reversed or closed through.
  4. The other side, still untouched, is where price has reason to go.

If the chart is crowded, turn something off instead of adding more.