Liquidity Master [TradeZoro]: indicator guide and settings

Draws session, previous day, week and month highs and lows, swing and candle liquidity per timeframe, HTF fair value gaps and REQH / REQL.

Overview

Liquidity Master gathers the places liquidity can rest onto one chart. It draws fair value gaps from the chart and higher timeframes, swing highs and lows per timeframe, completed candle highs and lows, Asia, London and New York session highs and lows, and previous day and week highs and lows (previous month is optional).

Two draw-on-liquidity tables list the nearest unswept major highs above price and lows below. It can also mark relative equal highs and lows (REQH and REQL), opening price lines (09:30 and 10:00 by default) and low-resistance legs.

How it works

Liquidity lines run from the bar that made them until the wick that takes them, then stop. Session and period lines also end at their natural expiry. Fair value gaps are removed when a candle closes through the far side, and where gaps overlap the highest timeframe wins. All higher-timeframe candles are built from chart bars, so each level is anchored to the bar that made it.

By default gaps show for the chart, 15m and 1h, swing liquidity for 5m, 15m and 1h, and candle liquidity for 1h and 4h, limited to the last 40 lines and to levels formed today and yesterday. The trading day starts at 18:00 New York time. Labels for levels close together are merged, for example NY Low and PDL, within 40% of ATR by default.

How to use it

Some traders use the tables to see the nearest untaken highs and lows at a glance.
Use the session lines to see which session's high or low has been swept.
Some traders watch equal highs or lows as places stops may rest.
Use the timeframe switches to keep only the levels you study.

These are ways some traders read it, for learning. They are not trade signals.

Settings

Setting	Default
0 · Liquidity Labels
Merge labels when levels are withinOptions: Ticks, % of ATR	% of ATR
ticks	4
% ATRTwo liquidity levels this close together share one label, e.g. NY Low + PDL. ATR mode scales with the instrument and timeframe so labels that would visually overlap are combined.	40
1 · Fair Value Gaps
Chart	On
5m	Off
10m	Off
15m	On
30m	Off
1h	On
4h	Off

Show all 143 settings

Setting	Default
D	Off
W	Off
Highest timeframe wins where gaps overlap	On
Gaps kept on chart (0 = unlimited)	0
Bullish fill	`color.new(#26A69A, 86)`
border	`color.new(#26A69A, 60)`
Bearish fill	`color.new(#EF5350, 86)`
border	`color.new(#EF5350, 60)`
Border width	0
Midline	On
Label	On
Bullish labelOptions: Upper left, Upper right, Middle left, Middle right, Lower left, Lower right, Center	Middle right
Bearish labelOptions: Upper left, Upper right, Middle left, Middle right, Lower left, Lower right, Center	Middle right
0 · Liquidity Labels
Show last N liquidity lines (0 = all)Caps swing and candle liquidity lines across all timeframes to the most recent N, including swept ones still on the chart. Sessions and previous periods are not counted.	40
Show levels & gaps formedApplies to every drawing: gaps, swing and candle liquidity, sessions, previous periods, structure. Days roll at the trading-day start set under Sessions.Options: Today, Today + yesterday, Last N days, All	Today + yesterday
N	5
2 · Swing Liquidity
5m	On
10m	Off
15m	On
30m	Off
1h	On
4h	Off
D	Off
W	Off
High	`#000000`
Low	`#000000`
StyleOptions: Solid, Dashed, Dotted	Solid
Width	1
Label	Off
Label positionOptions: Left, Center, Right	Right
Levels kept per timeframe & side (0 = unlimited)	0
3 · Candle Liquidity
5m	Off
10m	Off
15m	Off
30m	Off
1h	On
4h	On
D	Off
W	Off
High	`#000000`
Low	`#000000`
StyleOptions: Solid, Dashed, Dotted	Dotted
Width	1
Label	Off
Label positionOptions: Left, Center, Right	Right
Candles kept per timeframe (0 = unlimited)	0
4 · Sessions
TimezoneOptions: America/New_York, America/Chicago, Europe/London, Asia/Tokyo, UTC	America/New_York
Trading day starts at (HHMM)Futures day rolls at 18:00 ET. This boundary decides what counts as today / yesterday for gaps, and when session lines expire.	1800
4a · Asia
Enabled	On
High	`#2962FF`
Low	`#2962FF`
StyleOptions: Solid, Dashed, Dotted	Solid
Width	2
Label	On
Label positionOptions: Left, Center, Right	Right
4b · London
Enabled	On
High	`#EF5350`
Low	`#EF5350`
StyleOptions: Solid, Dashed, Dotted	Solid
Width	2
Label	On
Label positionOptions: Left, Center, Right	Right
4c · New York
Enabled	On
High	`#26A69A`
Low	`#26A69A`
StyleOptions: Solid, Dashed, Dotted	Solid
Width	2
Label	On
Label positionOptions: Left, Center, Right	Right
5 · Previous Day
Enabled	On
High	`#2962FF`
Low	`#2962FF`
StyleOptions: Solid, Dashed, Dotted	Solid
Width	2
Label	On
Label positionOptions: Left, Center, Right	Right
6 · Previous Week
Enabled	On
High	`#2962FF`
Low	`#2962FF`
StyleOptions: Solid, Dashed, Dotted	Solid
Width	2
Label	On
Label positionOptions: Left, Center, Right	Right
7 · Previous Month
Enabled	Off
High	`#2962FF`
Low	`#2962FF`
StyleOptions: Solid, Dashed, Dotted	Solid
Width	2
Label	On
Label positionOptions: Left, Center, Right	Right
8 · Draw on Liquidity
Show draw-on-liquidity tablesTop right: the major highs above price (sessions, PDH, PWH, PMH). Bottom right: the major lows below. Nearest first, unswept only.	On
Rows per table	6
Text sizeOptions: Tiny, Small, Normal, Large	Small
Highs	`#EF5350`
Lows	`#26A69A`
Background	`color.new(#131722, 10)`
Frame	`color.new(#787B86, 40)`
Text	`#D1D4DC`
8a · Opening Prices
Show opening prices	On
Time 1	0930
Time 2	1000
Time 3	None
Time 4	None
Time 5	None
Colour	`#000000`
StyleOptions: Solid, Dashed, Dotted	Dotted
Width	1
Label	On
Label positionOptions: Left, Center, Right	Right
Line runs untilOptions: Trading day end, Swept, Whichever first	Trading day end
9 · Structure (chart timeframe)
Swing strength (bars either side)	3
Relative equal highs / lows	On
tolerance (ticks)	4
REQH / REQL label	On
Low resistance liquidity legsA smooth, one-directional leg between two major swings — few pullbacks, few gaps — is low resistance: price moved through that range without leaving anything to defend. Marked with a curve alongside the leg.	On
Major swing strength	5
min bars	12
Min leg size (× ATR)	2.5
min efficiencyEfficiency = net move ÷ total path travelled. 1.0 is a straight line. Lower it to accept slightly choppier legs.	0.55
Max pullback (% of leg)	30
StyleOptions: Solid, Dashed, Dotted	Dotted
Width	2
Offset from price (× ATR)	0.8
Legs kept	6
LRLR label	Off
News wicks at swingsMarks swing wicks that printed inside the window around a USD release. Pine has no economic calendar, so enter today's release times below (New York time, HHMM, comma-separated).	Off
USD release times (HHMM)	0830, 1000, 1400
Window after release (minutes)	15
Min wick × ATR	0.3
min % of candle	40
Label sizeOptions: Tiny, Small, Normal, Large	Small
10 · Display
Watermark	On
Watermark colour	`color.new(#B2B5BE, 35)`

Notes and limits

It draws many objects; turning off timeframes you do not need keeps the chart readable.
Higher timeframes are built from the loaded chart bars, so a short history limits them.
The script has no alert conditions.

Education only. Not financial advice. Indicators mark what happened on the chart; they do not predict what price will do. Trading futures, forex, crypto and other markets carries a high level of risk and may not be suitable for everyone.