Liquidity Pulse Oscillator LITE

Title:
Liquidity Pulse Oscillator LITE

Description:
This indicator provides an observational view of market activity by measuring intra-bar price and volume dynamics. It is fully informational and educational, and does not constitute financial, trading, or investment advice.

Key Features:

Fast and Slow Pulse lines: Dual EMAs of volume-weighted pressure to highlight crossover points.

Histogram: Displays the difference between fast and slow pulses with color-coded bars (green for positive, red for negative).

Scaled 0–100 line: Provides a normalized perspective for easier interpretation of relative activity levels.

EXP/CON markers: Indicate expansions and contractions in observed market activity.

How It Works:
Pressure is calculated as the absolute open-to-close movement divided by the candle range, multiplied by volume. Safeguards handle zero-range bars. The resulting values are smoothed using fast and slow EMAs. Crossovers generate EXP and CON markers, helping users visualize changes in market activity.

Why This Approach:
Traditional volume indicators often overlook intra-bar dynamics and range normalization. This oscillator emphasizes price movement relative to bar range combined with volume, offering an additional perspective on shifts in market activity.

How to Use:

EXP marker + positive histogram: Indicates potential expansion in observed market activity.

CON marker + negative histogram: Indicates potential contraction in observed market activity.

Can be applied on any timeframe to help confirm breakouts, reversals, or shifts in market behavior.

Notes:

For informational and educational purposes only. Not financial advice.