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Liquidity Price Depth Chart

By LuxAlgoNov 14, 2023

Liquidity Price Depth Chart is an indicator on Vela, our next-generation charting platform, written in Pine Script®.

Static chart image

Liquidity Price Depth Chart re-imagines the DOM-style depth view using nothing but your chart's visible range: bullish prices are sorted into a dotted, line-connected curve on the left, bearish prices on the right, and the whole picture recalculates the moment the visible range changes. What you get is a depth silhouette of exactly the window you are studying: where liquidity stacked up, and for which side.

How to Trade the Liquidity Price Depth Chart?

  • Line displacement: the further a stretch of the curve pushes along the x-axis, the more volume those prices carried. Pronounced displacement flags zones of interest and possible larger moves ahead.
  • Dotted horizontal lines: mark the highest-volume bullish and bearish prices in the range, usable as support and resistance references.
  • Shape changes: a "V"-shaped profile flattening into rectangles signals liquidity clusters: densely packed prices where positions accumulate and volatility can turn elevated or non-stationary.
  • Voids: reading the dots without their connecting lines reveals empty pockets that can play a significant role in later price action.
  • Sentiment %: a percentage at the base of each side reports whether bullish or bearish activity dominates the visible range.

Liquidity Price Depth Chart Settings

  • Bullish Price Highest Volume Location: marks the maximum-volume bullish price with a dotted level across the depth chart and a dotted vertical line at the candle where it printed.
  • Bearish Price Highest Volume Location: the same marker for the bearish side.
  • Bullish Volume % / Bearish Volume %: display each side's share of volume directly on the chart.
  • Volume % Box Padding: sets the height of the percentage boxes as a share of the visible price range.

Frequently Asked Questions

Free to use

Run it on Vela. Go further with a paid plan.

  • Up to 500 strategy alerts, with webhook automation
  • Up to 10× the chart history of Free
  • Orderflow lookback up to full history
  • More Quant usage to customize it, plus extra usage when you need it
  • Futures data alongside crypto, stocks, forex and commodities
See plans

Also works on

TradingView
NinjaTrader
Original indicatorBuilt in-house by LuxAlgo

Run it on Vela. Make it yours with Quant.

Open this indicator free on Vela, our next-generation charting platform. Then ask Quant, our coding agent built into Vela, to retune it or turn it into a backtested strategy of your own.