Liquinator V2 - Bitmex BTC Liquidation Levels
Projects precise liquidation levels for specific candle(s).
Warning! Levels do not indicate actual positions, only where they will be liquidated IF they exist. Which is a BIG unquantified IF!!!
Default number of candles for level range is 1 : Renders the liquidation range based on the range of that specific candle. Increasing the value will use the range of x number of candles.
If price action enters a liquidation level it will reduce/remove it.
Tried a number of different ways to pick out price action for the projected levels.
VCI (CCI of TR) - the default is the best at picking out single candles that you would want the levels for based on volatility.
I've left in the other experiments in if anyone want to play with it. You can combine them if it suits.
Bollinger can isolate based on price action (SDs from basis)
Volume option looks for SDs from the Volume SMA
TRIX for picking peak/valley tops/bottoms.
Warning! Levels do not indicate actual positions, only where they will be liquidated IF they exist. Which is a BIG unquantified IF!!!
Default number of candles for level range is 1 : Renders the liquidation range based on the range of that specific candle. Increasing the value will use the range of x number of candles.
If price action enters a liquidation level it will reduce/remove it.
Tried a number of different ways to pick out price action for the projected levels.
VCI (CCI of TR) - the default is the best at picking out single candles that you would want the levels for based on volatility.
I've left in the other experiments in if anyone want to play with it. You can combine them if it suits.
Bollinger can isolate based on price action (SDs from basis)
Volume option looks for SDs from the Volume SMA
TRIX for picking peak/valley tops/bottoms.
Notes de version:
Added a Keltner Channel option for generating signals and an option to hide the signal triangles.
Notes de version:
Update :
- Fixed a small error in the TRIX calculation. Highlights possible significant areas better now.
- Added the option to hide liquidation levels. 25x and 50x don't get touched very often and tend to squish the price action to a narrow range when the chart is auto scaled. You can now hide them giving you a more normal, readable chart.
Notes de version:
Added simple alert conditions for when price crosses the Inner Liquidation Levels. Be warned that especially for 100x levels, after high volatility candles you will get false alerts. High volatility candles during a dump/pump will trigger a recalc of the levels and generate large liquidation areas that often get crossed by any bounce that occurs.