CrystalG wrote: Wed Oct 29, 2025 4:22 pm thanks very much for the features. really appreciate it. there is something not right. once one of the orders is activated the other is not cancelled automatically. it should cancel the other order once one is activated. can u please have a look at it?
thanks again,

No idea what you mean, works just fine here, I cannot fault it. Here is an example cycle...

didichung wrote: Wed Oct 29, 2025 8:21 pm No idea what you mean, works just fine here, I cannot fault it. Here is an example cycle...

Screenshot 2025-10-29 171847.JPG

thanks for checking. have a look at the attachments. pending orders are placed then buy is trigerred but sale was not deleted. it must be deleted so we are left with one order only. once tp or sl is hit then new cycle again.

Good day professionals
i was wondering if can someone please assist on coding the following code as it looks good and i came across it on tradingview and i would like it for mt for if its possible



// This Pine Script® code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © AlgoAlpha

//@version=6
indicator("Liquidation Reversal Signals [AlgoAlpha]", "AlgoAlpha - Liquidation Reversal", true, max_lines_count = 500, behind_chart = false)
import TradingView/ta/10 as tvta

// ========================= Inputs =========================
// Data
lowerTF = input.timeframe("15", title = "Lower Timeframe", group = "Data", tooltip = "Lower timeframe used by the up/down volume request.")

// Z-Score
length = input.int(200, "Z Score Length", minval = 1, group = "Z-Score", tooltip = "Lookback length for mean and standard deviation when computing z-scores of up/down volume.")
zThresh = input.float(3.0, "Z-Score Threshold", minval = 0.0, step = 0.1, group = "Z-Score", tooltip = "Minimum z-score required to register a liquidation spike.")

// Detection
timeoutBars = input.int(50, "Liquidation Timeout Bars (0 = none)", minval = 0, group = "Detection", tooltip = "Maximum bars between a qualifying liquidation and the Supertrend flip. Set 0 to disable the timeout.")

// Appearance
green = input.color(#00ffbb, title = "Bullish Colour", group = "Appearance", tooltip = "Color used for bullish visuals and positive sentiment texts.")
red = input.color(#ff1100, title = "Bearish Colour", group = "Appearance", tooltip = "Color used for bearish visuals and negative sentiment texts.")

// ========================= Calculations =========================
[u, d, _] = tvta.requestUpAndDownVolume(lowerTF)
d := -d

meanU = ta.sma(u, length)
stdevU = ta.stdev(u, length)
zU = stdevU != 0 ? (u - meanU) / stdevU : na

meanD = ta.sma(d, length)
stdevD = ta.stdev(d, length)
zD = stdevD != 0 ? (d - meanD) / stdevD : na

[supertrend, direction] = ta.supertrend(2, 10)
shortLiq = (direction < 0) and (zU > zThresh)
longLiq = (direction > 0) and (zD > zThresh)

var lastliqdir = 0
var lastliqindex = 0
var valid = 0

var plottrnd = 0
if ta.cross(direction, 0)
plottrnd := 0
if ta.crossunder(direction, 0) and lastliqdir == 1 and valid == 1
if bar_index - lastliqindex < timeoutBars
plottrnd := 1
valid := 0
if ta.crossover(direction, 0) and lastliqdir == -1 and valid == 1
if bar_index - lastliqindex < timeoutBars
plottrnd := -1
valid := 0

if shortLiq
lastliqdir := -1
lastliqindex := bar_index
valid := 1
if longLiq
lastliqdir := 1
lastliqindex := bar_index
valid := 1

x = 7
lw = ta.lowest(x)
hg = ta.highest(x)
newBullSt = plottrnd == -1 and plottrnd[1] != -1
newBearSt = plottrnd == 1 and plottrnd[1] != 1

vola = ta.atr(14)
zMagShort = math.abs(zU)
zMagLong = math.abs(zD)

normShort = math.min(math.max((zMagShort - zThresh) / 5, 0), 1)
normLong = math.min(math.max((zMagLong - zThresh) / 5, 0), 1)
transpMax = 70
transpMin = 30
transpShort = math.round(transpMax - normShort * (transpMax - transpMin))
transpLong = math.round(transpMax - normLong * (transpMax - transpMin))
colShort = color.new(green, transpShort)
colLong = color.new(red, transpLong)
candleCol = plottrnd == -1 ? color.from_gradient(50, 0, 100, red, chart.bg_color) : plottrnd == 1 ? color.from_gradient(50, 0, 100, green, chart.bg_color) : color.new(green, 100)
// ========================= Visuals =========================
// Hidden midpoint between candle body
midBody = math.avg(open, close)
midPlot = plot(midBody, title = "Mid Body", display = display.none)

stBull = plot(plottrnd == -1 ? supertrend : na, "Bullish Trend", red, style = plot.style_linebr)
stBear = plot(plottrnd == 1 ? supertrend : na, "Bearish Trend", green, style = plot.style_linebr)

fill(midPlot, stBull, color.new(red, 90), title = "Bullish Fill")
fill(midPlot, stBear, color.new(green, 90), title = "Bearish Fill")
plotshape(newBullSt, "Bullish ST Start", shape.labeldown, location.abovebar, color.new(red, 30), text = "▼", textcolor = chart.fg_color, size = size.tiny)
plotshape(newBearSt, "Bearish ST Start", shape.labelup, location.belowbar, color.new(green, 30), text = "▲", textcolor = chart.fg_color, size = size.tiny)
plotchar(shortLiq ? high+vola : na, "Short Liquidation", "●", location.absolute, colShort, size = size.tiny)
plotchar(longLiq ? low-vola : na, "Long Liquidation", "●", location.absolute, colLong, size = size.tiny)
plotcandle(open, high, low, close, "Candles", candleCol, candleCol, bordercolor = candleCol)

// ========================= Alerts =========================
alertcondition(newBullSt, title = "Bullish ST Start", message = "Bullish supertrend became visible after qualifying liquidation and confirmation.")
alertcondition(newBearSt, title = "Bearish ST Start", message = "Bearish supertrend became visible after qualifying liquidation and confirmation.")
alertcondition(shortLiq, title = "Short Liquidation Spike", message = "Short-side liquidation detected (zU > threshold).")
alertcondition(longLiq, title = "Long Liquidation Spike", message = "Long-side liquidation detected (zD > threshold).")

// ========================= Table Warning =========================
var table warnTbl = table.new(position.middle_right, 1, 1)
noVol = na(volume) or volume == 0 or (na(u) and na(d))
table.cell(warnTbl, 0, 0,
noVol ? "No Volume" : "",
text_color = noVol ? color.white : color.new(chart.fg_color, 100),
bgcolor = noVol ? color.new(red, 0) : color.new(chart.bg_color, 100)
)

Please see attached images of the code