This indicator displays a Rolling HTF Liquidity Levels . Contrary to HTF Liquidity Levels indicators which use a fix time segment, Rolling HTF Liquidity Levels calculates using a moving window defined by a time period (not a simple number of bars), so it shows better results.
The indicator introduces a new representation of the previous rolling time frame highs & lows (DWM HL) with a focus on untapped levels.
█ CONCEPTS
Untapped Levels It is popularly known that the liquidity is located behind swing points or beyond higher time frames highs/lows.
Rolling HTF Liquidity Levels uses a moving window, it does not exhibit the static of the HTF Liquidity Levels plots.
█ HOW TO USE IT
Load the indicator on an active chart (see the Help Center if you don't know how).
Time period
By default, the script uses an auto-stepping mechanism to adjust the time period of its moving window to the chart's timeframe. The following table shows chart timeframes and the corresponding time period used by the script. When the chart's timeframe is less than or equal to the timeframe in the first column, the second column's time period is used to calculate the Rolling HTF Liquidity Levels:
By default, the time period currently used is displayed in the lower-right corner of the chart. The script's inputs allow you to hide the display or change its size and location.
This indicator should make trading easier and improve analysis. Nothing is worse than indicators that give confusingly different signals.
Amazing idea and looks promising! Will test it, my dear friend! Hope to see more posts of you!
chervolino
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@Ether2020, Thank you for your feedback! I'm thrilled that you find my idea promising. I look forward to hearing your thoughts after testing it. And thank you for your words of encouragement. I'll do my best to continue delivering creative and useful posts.
Ether2020
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@chervolino, thank you also so much my dear friend, and I am looking out for your creative idea's. That is what makes the difference!
dennisscott23
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@Ether2020, how is it going I'm a survivor liquidity trader would u recommend it and how exactly would u recommend since I'm sure you've testing
Kairosfund
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Hey there, is it possible to set alerts for these levels?