Previous Day Liquidity Zones

This indicator is designed for intraday liquidity-based trading strategies and helps traders identify high-probability reversal or breakout zones based on smart money concepts.

It automatically plots the:

🟥 Previous Day High Zone – potential buy-side liquidity trap

🟩 Previous Day Low Zone – potential sell-side liquidity trap

🟧 Previous Day Close Zone – potential rebalancing or indecision zone

These levels are critical areas where institutional stop-hunting, reversals, and fake breakouts often occur.

🎯 How to Use
Use this indicator on 1-minute or 5-minute charts for stocks, indices (like NIFTY, BANKNIFTY), or forex.

Watch for price entering these zones during live market hours.

Combine with price action confirmation:

Rejection wicks

Engulfing candles

Change of character (CHoCH) or BOS

Fair Value Gaps (FVG)

First 5-minute candle (9:15 AM in Indian market) is highlighted for breakout setups.

🧠 Smart Money Logic
These zones mimic the logic used by institutions to:

Trigger retail stop-losses

Reverse market direction near liquidity pools

Trap breakout traders around session extremes

⚙️ Features
Configurable zone width (%)

Visual fill zones with subtle shading

Support for all assets and timeframes

Highlights first candle of day to assist with pre-trade bias

✅ Ideal For:
Smart money traders

ICT / Wyckoff / SMC followers

Breakout trap or reversal strategy users

Anyone who trades key session levels

⚠️ Disclaimer
This is an informational tool. Always use confirmation and sound risk management before executing any trade.