TrueScale Liquidity Indicator

TRUESCALE MARKET INTELLIGENCE

WITHOUT
DATA,
WE ARE
BLIND.

Instead of wandering in the woods, you can stand on the shoulders of giants.

Understand the liquidity behind price movements. Analyse market participation, positioning and pressure with the TrueScale Liquidity Indicator.

EXPLORE THE INDICATOR ↓

UNDERSTAND THE MARKET

LIQUIDITY
MATTERS.

Liquidity drives the Market.

Our liquidity indicators analyse market conditions and estimated trader positioning. They help you understand how buying and selling pressure changes as price moves.

Access the indicator through a subscription or request a one-time demonstration.

01 / SUBSCRIPTION

SUBSCRIBE
TO THE SERVICE

GET DATA UNDER YOUR CONTROL.

  • Recommended for institutional traders
  • MetaTrader 4 and MetaTrader 5 supported
  • Supports a wide range of financial instruments, subject to data availability
  • No data rate limit
  • Instant activation
  • Automatic symbol matching
  • No hidden fees
02 / DEMONSTRATION

ONE-TIME
DEMO

SEE THE MARKET FROM A DIFFERENT PERSPECTIVE.

  • Designed for retail traders
  • MetaTrader 4 and MetaTrader 5 supported
  • Supports a wide range of financial instruments, subject to data availability
  • Demo requests are typically handled within two hours

READ THE MARKET STRUCTURE

HOW TO USE
THE LIQUIDITY
INDICATOR?

Liquidity drives price. But how can we understand how buyers and sellers react to price changes?

TrueScale has developed liquidity indicators for MetaTrader 4 and MetaTrader 5. They provide liquidity and positioning metrics across a wide range of markets.

Coverage depends on the availability of sufficient data and the recognition of the instrument’s symbol. This includes supported emerging-market instruments and cryptocurrencies.

IMPORTANT Learn what each line represents before using the indicator to interpret market conditions.
TrueScale Liquidity Indicator chart example
Example: TrueScale Liquidity Indicator on the S&P 500 Daily chart.
UNDERSTANDING THE INDICATOR LINES

The chart contains several liquidity and positioning references. Each one provides a different view of market conditions.

01

LIQUIDITY EQUILIBRIUM

This line represents the estimated liquidity equilibrium. It indicates the price level at which buying and selling pressure are balanced.

When price is above this line, the indicator suggests relatively stronger buying pressure. When price is below it, the indicator suggests relatively stronger selling pressure.

Watch how price reacts when it approaches or crosses the equilibrium line. A sustained move across it can indicate a change in market control.

02

BUYERS’ WEIGHTED ENTRY PRICE

This line represents the average open-position price for buyers, weighted by position size. It provides a reference for estimated buyer positioning.

03

SELLERS’ LOSS LEVEL

This line represents the estimated price level at which 90% of sellers would be in a losing position, based on the indicator’s data.

04

SELLERS’ WEIGHTED ENTRY PRICE

This line represents the average open-position price for sellers, weighted by position size. It provides a reference for estimated seller positioning.

05

BUYERS’ LOSS LEVEL

This line represents the estimated price level at which 90% of buyers would be in a losing position, based on the indicator’s data.

06

LIQUIDITY CONDITION

This is one of the most important parts of the indicator. It shows the estimated level of retail trader participation in the asset.

Interpret this measure together with price action and the liquidity bands. A change in participation can provide useful context for understanding a trend or a possible reversal.

For example, falling participation during a price contraction can have a different meaning from falling participation during an established upward move.

07

PRESSURE INDICATOR

This indicator shows built-up pressure in both directions. Use it to assess changes in buying and selling pressure.

08

CONNECTED TERMINALS

This value shows how many terminals are using your account to retrieve data from TrueScale servers.

RECOMMENDED TIMEFRAMES

We have tested the indicator across multiple timeframes. We recommend:

WEEKLY DAILY 4-HOUR 1-HOUR

Timeframes below one hour are not supported. They do not provide sufficient data for the indicator’s calculations and can require excessive computational resources.

GET STARTED

HOW TO
INSTALL THE
LIQUIDITY
INDICATOR?

Follow the steps to activate your subscription, install the indicator and connect it to TrueScale.

METATRADER 4 METATRADER 5
STEP 01 — SUBSCRIBE

Subscribe to the service to access the indicator files. The indicator is available in different versions. Some versions support lower timeframes, while others are designed for higher timeframes.

Check the supported timeframes before you select your subscription.

VIEW SUBSCRIPTION OPTIONS →
AVAILABLE INDICATOR VERSIONS

The product selection below shows the available versions and their current prices.

STEP 02 — FIND YOUR SUBSCRIPTION DETAILS

After you complete your subscription, open the Liquidity Indicator dashboard:

OPEN LIQUIDITY INDICATOR DASHBOARD →

Find your active subscription and open its details. Locate the related order and record the Order ID. You also need to copy your URL-friendly API key.

Liquidity Indicator subscription details

You will use your Order ID and email address as your indicator login credentials.

STEP 03 — DOWNLOAD AND INSTALL
  1. Open the Downloads section in your account: DOWNLOADS.
  2. Download the correct version for your MetaTrader platform.
  3. Extract the downloaded files.
  4. Open MetaTrader.
  5. Select File → Open Data Folder.
  6. Open the MQL4 or MQL5 folder.
  7. Open the Indicators folder.
  8. Copy the extracted indicator files into that folder.

The indicator is now installed. Before you use it, complete the additional configuration steps below.

STEP 04 — CONFIGURE THE INDICATOR
  1. Open the MetaTrader data folder.
  2. Copy the DLL file into the MQL5/Libraries folder.
  3. Create a file named truescaleapi.txt in MQL5/Files.
  4. Paste your API key into the text file.
  5. Attach the indicator to your chart.
  6. In MetaTrader 5, open the Dependencies tab and enable Allow DLL Imports.
  7. In MetaTrader 4, open the Common tab and enable Allow DLL Imports.
  8. Open the Inputs tab and enter your login credentials.
MetaTrader indicator data folder

META TRADER 4 — ALLOW DLL IMPORTS

Allow DLL imports in MetaTrader 4

META TRADER 5 — ALLOW DLL IMPORTS

Allow DLL imports in MetaTrader 5

ENTER YOUR LOGIN CREDENTIALS

Liquidity Indicator login settings

TRUESCALE

SEE THE LIQUIDITY BEHIND THE PRICE. BACK TO HOME ↑