NomNomNom

29 gen

This indicator shows potential leveraged liquidation levels based on pivots. The theory behind this indicator is that price revisits high-lev liquidation levels of sufficient quantity.


By default liquidation ranges from 2x to 100x (selectable) are color coded via gradient. There are two distinctions in colors: high-lev (10x-100x) and low-lev (2x-5x). A midpoint between shorts and longs is considered mid range. consistent closes above would indicate movement towards short liquidity, and consistent closes below would indicate movement towards long liquidity

Additionally, there is a histogram which shows bin grouping for short and long liquidations using Freedman-Diaconis Rule. This will give an idea of the amount of levels for a given range along the distribution curve.

Furthermore, there is a custom candle option. To color a candle based on it's approach to the highest configured lev, and a close. If enabled, I would recommend setting max transparency on your current chart bar type.

12 feb

Note di rilascio

v2.0.0-305
I have been studying the data of v1.0.0, and observed specific behavior. I have attempted to reflect that behavior by limiting the data to only what is needed.

Purpose:

• To aid in identifying potential target/exit entries
  
• To aid in identifying max stop-loss to keep a trade open on pull backs.
  
• To aid leverage traders looking to hold for several days or longer with right sizing leverage and price movement expectations when positioning inside the current range.
  

Descriptions:

• Red and Green Boxes: 5x-10x pivot liquidation zones.
  
• Red and Green Dotted: 15x pivot liquidation zones.
  
• Box numeric text: The number of 5x-10-15x pivot liquidation levels that exist in the zone and beyond.
  

Observations on BTCUSD INDEX:

• On timeframes 1h and above price often reverses at 15x zones. Price may enter 5x-10x zones.
  
• On the 12H and 3D, exceeding 5x-10x zone (even briefly) shows strong likelihood price will revisit or continue in that direction until it rejects off future zones, even if there is a reversal.
  

Major refactor

• Deprecated selectable leverage
  
• Deprecated unused options
  
• Display 5x-10x-15x pivot liquidation zones
  
• Display 5x-10x-15x possible pivot liquidation level counts
  
• Number of liquidation levels track can be as high as 10k, but default is 250. Lower timeframes may see performance issues with high level counts, but higher timeframes can benefit from tracking more levels.
  
• Some optimization with data structures and processing
  

I prefer the 12hr or daily view. Sometimes,15x zone does not always hit on 3D+ when trend is strong.

15 feb

Note di rilascio

v2.0.1-307

• Added midrange line.