- how I find my favorite liquidity levels
- indicators I use to aid in finding them
- session candles
- daily high/lows
- pivot rays
- preferred timeframes
pivot line indicator
a simple indicator I had made to suit my needs in marking out pivot/fractal highs and lows by extending the rays out.
pivot line indicator (2)
the concept -
look for a series of either higher lows or lower highs on this indicator which do the following:
- remain untapped
- are close together
- have a decent gap after them before the next swing pivot.
footprint charts are a cleaner visual of the time & sales data.
it places buy/sell info on a per cluster basis, inside the candle.
doing this allows for easier identification of high volume/delta zones, absorption & trapped traders.
tick sizes:
inside the footprint, the cluster is divided into price blocks. Changing the tick size changes the granularity of these price blocks within each cluster.
larger tick size for increased volatility, lower the tick size when less volatile.
I tend to treat it as a mini "monday range" but for intra-day purposes.
It's initial break of range can be a good indication as for the rest of days direction, similar to monday range.
Break one side of the range and it protects the other side of it.
example ā
London (06-12)
my favourite session to gain a bias off.
1 - london puts in the daily high/low
2 - price moves against it (running stops)
3 - buy where people exit the market
4 - target london pivot being taken out