Eqwhale

19 ביוני 2022

Display Equal high/ low, alert when liquidity is taken.. or created !

An innovation that flows a bit if you are an SMC trader and which was actually missing on TradingView: identification of equal high/low, alerts when liquidity is taken... or created!
Its choice in the design means that it gives more importance to the last identified pivots: that is to say that it will display more recently created liquidity than old one! Perfect for identifying market inducement mechanisms (SMC) under an area of ​​interest. This is a typical pattern of induction and false breakout: 2 hits, the break, reintegration, and real move :


Quick exemple on BTC, you are alerted by liquidity created:


Then we grab, and deep. :)


You can display "old broken lines" for backtesting. Careful, it actually display lines when pivot is detected and broken at the same time : it's false. checks that the line has been touched twice :) So, some false lines in the backtest but it does not affect the indicator at all.

You can set number min of pivot at 1 to plot current high/low untested !