Liquidity Pools With Alerts

Identifies bullish and bearish liquidity zones using fractal breaks and imbalance logic. Displays active and tapped zones on the chart, provides optional alerts, and includes a real-time table showing liquidity bias above and below current price.

How it works:

The indicator detects recent swing highs and lows using a regular fractal structure. When price closes above a stored fractal high, the script searches forward for a nearby bearish candle within an imbalance pattern and uses that candle’s range to draw a buy side liquidity zone. When price closes below a stored fractal low, it looks for a bullish candle within an imbalance pattern to form a sell side liquidity zone. Old zones are automatically pruned based on the user-defined maximum zone count.

Features:

Detection and visualization of bullish and bearish liquidity zones.

Optional runtime alerts for:

Newly created bullish or bearish zones

Zones that have been tapped or invalidated

Real-time liquidity bias table, summarizing how many untouched zones remain above and below price.

Purpose:

This indicator is intended as a visual aid for chart analysis.
It allows traders to observe where untested price regions exist and to study how liquidity dynamics evolve around those areas.
Complementing existing market structure or order-flow methods.