TradingView IndicatorFree to Use
EQH/EQL Liquidity Zones (MTF)
Free TradingView Indicator by AlgoAlpha — Smart Money & Liquidity
EQH/EQL Liquidity Zones (MTF) identifies areas where price forms equal highs or equal lows. These structures can mark prices where repeated reactions create visible liquidity references above or below the market.
1.0kviews
156boosts
2026-10-02published
Best for
Swing tradingReversal setupsMomentumSmart moneyLiquidityBuy/sell signals
Works on
CryptoForexStocksIndices
What is EQH/EQL Liquidity Zones (MTF)?
EQH/EQL Liquidity Zones (MTF) [AlgoAlpha] identifies areas where price forms equal highs or equal lows. These structures can mark prices where repeated reactions create visible liquidity references above or below the market.
The indicator compares highs and lows using a volatility-adjusted tolerance instead of requiring exact price equality. It can detect adjacent equal levels or separated swing points, filter formations using RSI state, and display zones from the chart timeframe together with selected higher timeframes.
Zones remain active until they are swept according to the selected wick or body rule, or until they reach the configured maximum age. This makes it possible to distinguish current liquidity references from historical formations.
EQH/EQL Liquidity Zones (MTF) Features
Multi-Timeframe EQH and EQL Zones
Displays bearish equal-high zones and bullish equal-low zones directly on the chart.
TradingView Snapshot
Timeframe Labels
Identifies the source timeframe beside each active EQH or EQL zone.
TradingView Snapshot
Formation Signals
Optional triangles mark the chart candle where a new EQH or EQL zone is confirmed.
TradingView Snapshot
How EQH/EQL Liquidity Zones (MTF) Works
• Equal Highs (EQH) — Two highs that occur within a volatility-adjusted price tolerance. The tolerance is based on the 500-bar EMA of average bar-to-bar high and low movement, then scaled by the Equal Level Tolerance setting.
• Equal Lows (EQL) — Two lows that occur within the same volatility-adjusted tolerance. These levels can represent repeated support reactions and liquidity resting below similar lows.
• Separated Peaks and Troughs — When enabled, the indicator can match non-adjacent swing highs or lows within the selected lookback. Each endpoint must form a local peak or trough, and price between the endpoints must not break beyond both matching levels.
• RSI State Filter — EQH formations can require 14-period RSI to be above 50 plus the selected Strength value. EQL formations can require RSI to be below 50 minus the Strength value. This filter can be disabled.
• Liquidity Zone — The area between the outer wick level and the closest body boundary of the candles that form an EQH or EQL. The zone extends forward while it remains active.
• Sweep — The condition that ends an active zone. Wick mode uses a price excursion beyond the outer level, while Body mode requires a close beyond it. Allow Rejection can require two consecutive closes beyond the level.
• Multi-Timeframe Detection — The chart timeframe is analyzed together with up to five selected higher timeframes. Higher-timeframe formations and sweeps are based on closed source-timeframe candles.
How to Use EQH/EQL Liquidity Zones (MTF)
• Select the higher timeframes you want to monitor. Each enabled timeframe must be higher than the current chart timeframe.
• Adjust Equal Level Tolerance to control how closely two highs or lows must match. Lower values require more similar prices.
• Enable Separated Peaks/Troughs when you want to detect equal levels formed by distinct swing points instead of only adjacent candles.
• Use the RSI filter when you want EQH formations restricted to stronger RSI states above neutral and EQL formations restricted to weaker RSI states below neutral.
• Watch active EQH zones above price as potential liquidity or resistance references. Watch active EQL zones below price as potential liquidity or support references.
• Use timeframe labels to distinguish chart-timeframe structures from higher-timeframe structures when several zones overlap.
• Choose Wick sweep detection when any penetration beyond the outer level should invalidate a zone. Choose Body when you want the source-timeframe close to determine the sweep.
• Enable Allow Rejection with Body mode when a single close beyond a level should not immediately end the zone. The zone then requires two consecutive closes beyond its outer level.
• Use formation signals or alerts when you want to track newly confirmed EQH/EQL structures and when existing zones are swept.
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