Session Liquidity — Indicator by lolidk_

cycles educational volatility trend chop trendiness

Describes if markets are liquid enough for institutions to manipulate. Its often difficult to determine if markets will trend or chop, but by looking at how much volume we have at the open, we can determine of the session will be choppy or trendy, and take trades based on that.

Settings predefined for 1m timeframe on SPY. May work with other tickers, but I have not tested it out yet.

Designed for stocks(as of now, may update later)

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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