The Liquidity Tracker is an indicator designed to track and display the dynamics of passive liquidity present on both the bid (demand) and ask (supply) sides of the market. It graphically shows the level of liquidity available at different price levels in the DOM (Depth of Market), helping to understand where limit orders are concentrated and the balance between buyers and sellers. By using colors to distinguish bid and ask liquidity, the indicator allows you to quickly identify moments of greatest interest and potential market reaction.

INDICATOR

• Settings-of-Use
• How-To-Set-The Indicator Liquidity Tracker
• GENERAL
  • Num- liv depth
  • Calc mode
  • Exp half-weight lev
  • Value-si Smooth
• VISUALIZATION SETTINGS
  • Color bid
  • Color ask
  • Color delta
  • Line-thickness
  • ZERO LINE
    • Color-line-zero
    • Style-line-zero
    • Line-thickness zero

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    Settings-of-Use

    

    How-To-Set-The Indicator Liquidity Tracker

    Clicking on the indicator settings icon will open its configuration window, within which you can make several choices regarding the indicator's functionality.

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    GENERAL

    

    1. Num liv depth

       Number of book depth levels considered in the liquidity calculation.

    2. Calc mode

       Liquidity calculation mode
       • Normal: Liquidity is calculated in a direct and linear manner.
       • Exponential: Applies greater weight to levels closer to the current price, emphasizing these levels over those further away.

    3. Exp half-weight lev

       Defines the middle level in the exponential calculation, specifying the half-weight point. It affects how much more relevant levels near the current price are than levels further away. In practice, it indicates a level at which the weight of the data is halved in the analysis, contributing to a more sophisticated calculation approach that mitigates the influence of more distant levels of liquidity. This allows greater weight to be given to depth data closer to the current price, improving accuracy in representing liquidity immediately relevant to market action.

    4. Value-si-Smooth

       Determines the period of data smoothing, to reduce market noise and display a clearer representation of liquidity.
       • No: No smoothing applied.
       • One sec: Smoothing on 1 second.
       • Three secs: Smoothing on 3 seconds.
       • Five secs: Smoothing on 5 seconds.
       • Ten secs: Smoothing on 10 seconds.
       • Thirty secs: Smoothing on 30 seconds.
       • One min: Smoothing on 1 minute.

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    SETTINGS-VISUALIZATION

    5. Bid color

       Defines the color used to represent liquidity on the bid (demand) side.

    6. Color ask

       Defines the color used to represent liquidity on the ask (bid) side.

    7. Delta color

       Color used to represent the difference between the bid and the ask, referred to as the liquidity delta.

    8. Line thickness

       Determines the thickness of the bid, ask, and delta lines in the indicator chart.

    

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    ZERO LINE

    9. Line-zero color

       Color assigned to the zero line, which represents the balance between bid and ask liquidity.

    10. Zero-line style

        Defines the style of the zero line:
        • Solid: Continuous line.
        • Hatchline: Dotted line.
        • Point: Dotted line.
        • Point stroke: Alternating between strokes and points.
        • Point Portrait: Alternating between strokes and two points.

    11. Line-thickness-zero

        Defines the thickness of line zero.

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