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Liquidity Defense

by Swiftedge ◆ FOUNDER · Swiftedge Plus
◆ Swiftedge PlusBuilt into Depth★ Editors' Pick
Liquidity Defense on the live order book chart in Swiftedge Depth
★ Editors' note

Our flagship Plus indicator: liquidity pools above highs and below lows, with the real orders and liquidations sitting at each pool.

What it shows

Buy-side and sell-side pools above highs and below lows with formation, defense profile and sweeps, from real trades, with the orders and liquidations at the nearest pools.

How to read it

Pools form where several highs or lows line up, because stops and breakout orders gather there. The defense profile shows how much was traded at the pool, and a sweep is marked when price runs through it and closes back. The panel lists the nearest pools with the real orders and liquidations at each one.

What it can't tell you

A pool is where stops are likely to sit, inferred from the chart. The real orders shown are those visible in the book.

Settings in Depth

The defaults; every setting can be changed with the gear next to the indicator.

Pools
Pivot length10 bars
Formation (sellers above, buyers below)on
Defense profile (projected right)on
Swept pools as dotted lineson
Sweep marks (×) and reversal triangleson
Real data
Orders and liquidations at the nearest poolson
Liquidations at sweepson

FAQ

What is a liquidity pool?

The area above a swing high or below a swing low, where stop orders and liquidations tend to collect.

What is a sweep?

Price trades through a pool and comes back, taking the orders that sat there.

Can I change the pivot length?

Yes: 5, 10 or 20 bars.

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