Liquidity V2 indicator for MT4mrtools wrote: Wed Oct 08, 2025 8:48 am Hello, did this version, but not 100% sure about it matching yet.
Thank you. It cannot match, as your version does not repaint, while that one 100% repaints. It's visible in the screenshot.
I want to share an indicator too. I'm not a programmer, AI made it for me. I think it will be useful for many in trading. Link.
What is the Liquidity V2 indicator for MT4?
This MT4 version of the Liquidity code represents a sophisticated "Liquidity Price Depth" (LPD) indicator. A visual analytical instrument that assesses the concentration of bullish and bearish trading volume across various price levels within a defined range of bars, it displays unique "Liquidity Wings".
It serves as a visual market depth overlay that is rendered directly on the primary chart (rather than in a separate indicator window).
The objective is to pinpoint the price levels at which liquidity accumulates, indicating where traders are predominantly active — thereby revealing potential support and resistance levels, areas of high interest, or imbalances in volume between buyers and sellers.
Calculation in MT4
For each candle in the chosen window:
- Read open, close, high, low, and tick volume.
- Determine bullish or bearish (close > open vs close < open).
- Round the close price to tick precision.
- Aggregate tick volumes per unique price level for bulls and bears.
- After scanning all bars:
- Find max volume and price for each side.
- Compute total bullish and bearish volume to get percentages.
- Sort price arrays descending.
- Render visualization (Polyline or Histogram):
- Draw curves or bars at each price level.
- Mark key levels and display summary percentages.
- High-volume price levels (lines) represent potential liquidity pools.
- Volume imbalance (percent boxes) represents overall sentiment (buyers vs sellers).
- The shape of the curve for example: a wider “bullish” area indicates stronger buying support.
