The lines nobody deletes
Session highs and lows, the previous day and the opening ranges: that is where the stops sit, and in my private prop trading it is the first thing I want to know about a market. For years I drew those levels by hand. By midday the chart was full of lines, and I could no longer tell which level was still live and which one price had taken two hours earlier. A taken level looks exactly like an open one, until you trade it.
So I built the Algorex Liquidity Radar for my own desk. It is part of my private prop-trading best practice.
Asia, London, New York AM, Lunch and PM as soft zones. Every session high and low, the previous day and the opening ranges for New York, London and Asia, drawn by themselves. An open level runs to the right edge as a solid line; once price takes it, it turns dotted, stops at the candle that took it and gets a check. The panel shows the active session, the countdown and the status of every level.
I trade futures such as MNQ on TradingView and CFDs on MetaTrader 4 and 5, and I wanted the same picture everywhere. So the Liquidity Radar exists for all three: one logic, the same lines.
Not for sale yet. For now it is simply one of my favourite own tools for my prop trading.
The full note: https://algorex.ch/notes/the-lines-nobody-deletes.html
Session highs and lows, the previous day and the opening ranges: that is where the stops sit, and in my private prop trading it is the first thing I want to know about a market. For years I drew those levels by hand. By midday the chart was full of lines, and I could no longer tell which level was still live and which one price had taken two hours earlier. A taken level looks exactly like an open one, until you trade it.
So I built the Algorex Liquidity Radar for my own desk. It is part of my private prop-trading best practice.
Asia, London, New York AM, Lunch and PM as soft zones. Every session high and low, the previous day and the opening ranges for New York, London and Asia, drawn by themselves. An open level runs to the right edge as a solid line; once price takes it, it turns dotted, stops at the candle that took it and gets a check. The panel shows the active session, the countdown and the status of every level.
I trade futures such as MNQ on TradingView and CFDs on MetaTrader 4 and 5, and I wanted the same picture everywhere. So the Liquidity Radar exists for all three: one logic, the same lines.
Not for sale yet. For now it is simply one of my favourite own tools for my prop trading.
The full note: https://algorex.ch/notes/the-lines-nobody-deletes.html
