Liquidity Void Decay Oscillator identifies gap-like displacements only when range expansion aligns with below-average tick volume, filtering for thin-participation moves rather than candle geometry alone.
Each detected void starts with a score of 100 and decays as later bars overlap the zone. Faster re-trading reduces the score quickly, while repeated approaches with limited overlap keep the charge elevated and signal an area still affecting order placement.
Outputs include a 0–100 histogram for the strongest active void, bar coloring to indicate whether the nearest void is below or above price, and a short SMA signal line. A cross below the signal line while still high indicates accelerating absorption.
Typical use on liquid FX pairs and lower timeframes. Scores holding 60–100 after multiple retests can define actionable levels; rapid decay toward...
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