True Liquidity Levels

True Liquidity Levels is an MT5 indicator built around the idea of resting liquidity: the stop and breakout orders that tend to sit above recent swing highs and below recent swing lows. It finds those pivots, marks them on the chart, and removes each mark once price has traded through it, so the levels you see are the ones that have not yet been touched.

How it works

The indicator scans price for swing highs and swing lows. A swing high is labelled buy side liquidity (BSL), and a swing low is labelled sell side liquidity (SSL). From each pivot it draws a level and, optionally, a channel that widens to the right as time passes. The width is calculated from the Average True Range (ATR), so the channel scales with the volatility of the symbol you are viewing.

Mitigation and clean-up

When price trades through a marked high or low, the level is treated as swept and is deleted. This keeps old, already-used levels from cluttering the chart. An age limit can also remove levels that have stayed untouched for a long time, which helps keep the terminal responsive on long histories.

Pivot strength

A strength input sets how many bars on each side a high or low must dominate before it is drawn. Lower values give more frequent, minor levels that may suit scalping. Higher values give fewer, more structural levels that may suit breakout or swing work.

Markets and timeframes

The indicator reads price data only, so it can be attached to any symbol your broker offers on MT5, including forex pairs, metals, indices and others. It can be used on any timeframe. Many traders watch a higher timeframe for the levels and a lower one for timing, but that choice is yours.

Ways traders use the levels

• Sweep and reversal: watch for price to run through a level, then look for rejection on a lower timeframe before considering a trade.
• Targets: treat the nearest opposing untouched level as a possible area to take profit.
• Breakout context: see where clusters of untouched highs or lows sit before price approaches them.
• Inducement: note levels that form close to an area of interest, as price may run through them first.

Settings

Exact input names and defaults can differ between builds, so read the inputs tab after attaching the indicator. The main groups are:

Risk

Installation

1. Download the file from your account after purchase.
2. In MT5, choose File, then Open Data Folder.
3. Open MQL5, then Indicators, and copy the file into that folder.
4. Restart MT5 or refresh the Navigator panel.
5. Drag True Liquidity Levels from the Navigator onto a chart and review the inputs before confirming.

If the indicator does not appear, confirm that you used the MT5 data folder and not an MT4 one, and check that the Experts tab shows no loading errors.