Sonarlab - Trendline Liquidity Indicator

**This is not a normal Trend Line Indicator**

Most of the concepts we get thought online are to good to be true. Buy and sell off the touch of the trend line and you will be winning! You probably find out already that this ain't the way to trade. Trend lines mostly gets broken and you will be taken out.

he reason behind this is that the trend lines sparks the interests of Institutions. They use those area's to stop people out and use them as fuel for their positions: Liquidity.

TLL: Trend Line Liquidity

Lets show you an example on how to use these TLL markings 👇

In this example above we can see a beautiful example of the TLL indicator mapping out the TLL. The Imbalance Indicator shows us with the BPR (balanced price range) there is a sign of going short. The other confluence we can add is the TLL, which price likes to clear in these situations.

In this other example we also see two TLL resting on top. We see that price tried to break the SL (swing low), but the fake out detection showed us this was a grab on liquidity. After that we can see that on the LTF we get a displacement and we can assume that price is going to target the TLL.

Another example where price cleared the TLL and used is a targets.

This indicator will map the Trend Line Liquidity for you, so you are more aware of the liquidity that is resting around you. The Indicator has the following inputs:
Sensitivity A lower sensitivity create smaller trend lines, where a higher sensitivity creates bigger trend lines.
Display limit: The amount of lines you want the indicator to display
Line type/ text size (styling options)

Informacje o Wersji:

- Added option to change the "TLL" text
- Fixed the text size bug

Informacje o Wersji:

- Minor Changes

Informacje o Wersji:

- Added Higher Timeframe TLL option
- Added mitigation options