Orderbook Overlay Indicator for TradingView?
Saw a video by a trader who uses a tool called LMS (Liquidity Mapping Suite) which overlays major buying and selling points on the chart, so you can visually identify support and resistance levels. This sounds so convenient to me. Like yeah you can see the orderbook if you want, but to overlay is visually on a chart just makes it so much more useful.
It's happened many times that I think a stock will explode, and I see some profit, but it deflates instantly and I exit at cost to cost. This'll help me avoid that and at least take some profit if I know in advance that a wave of selling is coming.
But I looked up the tool, it's only available for US futures trading on NinjaTrader. Do you guys know any alternative for this that's available on TradingView and would work with Indian stocks?
Thanks!