Indicator Insight: Liquidity Depth

Most charts treat a swing high as a single price. Liquidity Depth° [Pro+] treats it as the surface of something deeper: the cluster of stops and resting orders sitting above it, and how far into that cluster price may have to reach before the raid is done.

The idea comes from ICT, who points out that in forex these depths classically show up in 10, 20 and 30 pip increments beyond the extreme. The tool takes that concept and draws it, above every high and below every low from your chosen reference timeframe, so the pool is on the chart before price gets there.

Your framework. Our automation.

Ten pips means nothing on ZN. A tick means nothing on EURUSD. So Liquidity Depth Type adapts: set it to Auto and the tool uses Value for futures, Pips for forex and currency futures, and Ticks for bond futures.

If you would rather define the pool yourself, Depth 1, Depth 2 and Depth 3 let you set your own increments and style each one separately, solid, dotted or dashed. Percentage Mode swaps the whole calculation for horizontal arrays plotted as a percentage move above and below the pool, which suits instruments where a fixed increment does not travel well.

The Liquidity Table prints the exact values so you are reading numbers rather than eyeballing a line, and it recolours as price engages a liquidity high or low.

This is the one to get right, because it changes what the chart is telling you. Extension Type controls how far each level travels to the right.

Raid extends a level only until price trades through it. Next Interval extends it until the beginning of the next interval. Completion extends it until every depth in that pool has been traded through.

Raid is the setting doing the work on the chart above. Each 1H swing high and low runs right until price takes it, then stops. What is still stretching across the chart is liquidity nobody has touched yet, which is a far shorter list than every level the session produced.

Liquidity Depth ships with Range Deviations, an automatic ICT range projection system. It expands on ICT's Friday Asian Range concept but lets you define any custom range between two time points on any trading day, then projects standard deviations from it.

You can project from bodies, from wicks, or both. Body-based ranges tend to mark where institutional activity sat; wick-based ranges tend to line up with the sharper reactions and ICT PD arrays. Midpoints can be plotted for either, and Range Deviation Zones let you show the space between two projections as an area rather than a single line.

So one indicator covers both halves of the question: where liquidity is resting, and how far a range is likely to project once it breaks.

Alerts fire when price crosses a liquidity level, which is the point of the tool in the first place. You do not need to sit on a chart waiting to see whether a depth gets tagged.

Beyond that, up to 20 previous liquidity pools can stay on the chart for context, and custom sessions and OHLC references can be defined alongside the standard ones. Auto-colouring tints session boxes and lines by whether the range closed bullish or bearish. Quick Toggle turns the whole overlay off in one click when you want a clean chart.

It does not tell you direction and it does not fire an entry. A depth being present says liquidity is likely resting there. It does not say price will go and take it, or that taking it means a reversal.

What changes is the prep. The pools you used to mark by hand are drawn before the session, in the right unit for the instrument, with the traded-through ones already cleared off the chart. You still read the context and make the call. Tools, not signals.