Liquidity HeatMap Profile System MT5
The Dynamic Thermal Liquidity profile is an advanced technical indicator originally developed by BigBeluga (Pine Script) and ported to MQL5. Unlike the standard volume profile, which shows where the trading volume occurred, this tool tries to visualize where the liquidity (limit orders and stop losses) (underlying liquidity) is likely to be.
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This method works by identifying pivot points (local highs and lows) weighted by volume and ATR. It is extremely important that if the price passes through a certain level, this liquidity is considered "captured" or "occupied" and is removed from the card. As a result, only "unoccupied" levels are displayed on the chart.
, Key features
Dynamic filtering : a key feature. As soon as the current price crosses the historical liquidity level, this level disappears. This reduces chart clutter and prevents trading at "dead" support/resistance levels.Liquidity heat map (histogram) : On the right side of the chart, the liquidity levels are grouped into intervals. The longer the bar, the greater the "resting volume" at a given price level.
Checkpoint (POC) : The level with the highest liquidity density is highlighted in orange (or the color of your maximum liquidity point). It acts as a magnet for price.
Liquidity lines : Thin lines running from past candlesticks to the current one. They show exactly how long the support/resistance level has been in place.,Purchase and sale zones :
Green/Lime (below the price) : Buy liquidity/support.
Blue (above the price) : Sale. Liquidity/Resistance
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