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Unmitigated Liquidity Zones

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Unmitigated Liquidity Zones [LiqPools]

Description:
Unmitigated Liquidity Zones is a professional-grade Smart Money Concepts (SMC) tool designed to visualize potential "draws on liquidity" automatically.

Unlike standard Support & Resistance indicators, this script focuses exclusively on unmitigated price levels — Swing Highs and Swing Lows that price has not yet revisited. These levels often harbor resting liquidity (Stop Losses, Buy/Sell Stops) and act as magnets for market makers.

How it works:

Detection: The script identifies significant Pivot Points based on your customizable length settings.

Visualization: It draws a line extending forward from the pivot, labeled with the exact Price and the Volume generated at that specific swing.

Mitigation Logic: The moment price "sweeps" or touches a level, the script treats the liquidity as "collected" and automatically removes the line and label from the chart. This keeps your workspace clean and focused only on active targets.

Key Features:

Dynamic Cleanup: Old levels are removed instantly upon testing. No chart clutter.

Volume Context: Displays the volume (formatted as K/M/B) of the pivot candle. This helps you distinguish between weak structure and strong institutional levels.

High Visibility: customizable bold lines and clear labels with backgrounds, designed to be visible on any chart theme.

Performance: Optimized using Pine Script v6 arrays to handle hundreds of levels without lag.

How to trade with this:

Targets: Use the opposing liquidity pools (Green lines for shorts, Red lines for longs) as high-probability Take Profit levels.

Reversals (Turtle Soup): Wait for price to sweep a bold liquidity line. If price aggressively reverses after taking the line, it indicates a "Liquidity Grab" setup.

Magnets: Price tends to gravitate toward "old" unmitigated levels.

Settings:

Pivot Length: Sensitivity of the swing detection (default: 20). Higher values find more significant/long-term levels.

Limit: Maximum number of active lines to prevent memory overload.

Visuals: Toggle Price/Volume labels, adjust line thickness and text size.

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