Along with CVD bubbles, this script plots continuous bands that represent 100x, 75x, 50x, 25x liquidation levels. The bands can serve as support/resistance, reversal points, expected volatility range and more.
The indicator uses either the Exponential Moving Average (EMA) or the Volume Weighted Average Price (VWAP) as a base for plotting continuous lines and zones set at the approximate distance of 100x, 75x, 50x, 25x leverage liquidation prices.
These bands can help you visualize: - Dynamic Support and Resistance levels - Levels that the price will gravitate towards - Expected price range (potential volatility) - Reversal points - ...
The "CVD Bubbles" part of this script plots circles that are based on my imitation of Cumulative Volume Delta (CVD). CVD Bubbles will appear when buy/sell volume is increased. The larger the bubble, the more buying/selling at that candle.
"Buy Order" CVD Bubbles appear above candles and might signal: - Late longers entering the market - Large short liquidations (closed short=buy order) - Large market buys getting absorbed by limit sell orders => Bias: potential reversal to the downside
"Sell Order" CVD Bubbles appear below candles and might signal: - Late shorters entering the market - Large long liquidations (closed long=sell order) - Large market sells getting absorbed by limit buy orders => Bias: potential reversal to the upside
Combining Liquidation Bands and CVD Bubbles can serve you as confluence for taking a trade, but don't follow them blindly.
Settings: "Mode" - Choose the base for Liquidation Bands (EMA or VWAP) "EMA/CVD Length" - Choose the length (number of bars) for calculating EMA and CVD "Level Calculation Mode" - Choose between 3 variations of calculating the distance to Liquidation Bands "Standard Deviation Length" - Choose the length used for calculating the thresholds of CVD "Appearance" - Choose the colors of lines, zones and CVD Bubbles "STDEV MULT." - Multiply the thresholds used for CVD Bubble Sizes
Please add these features if you have time: * VWMA Option * Level Labels at the end of the level line (with transparent background same color as line) ex. 100x Long, 100x Short .. * Make it Multi Timeframe (ex. display 15 min levels on 1 min chart), a bit more involved but not hard to implement
Trendactionz
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This is remind me with one of best signal indicators for metatrader 4 arround year of 2010 from famous forum. that bubbles give hell of clues
LeviathanCapital
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@Trendactionz, Good to hear! I just posted the bubbles as a standalone indicator with some more features. Feel free to give it a go
JohannCoffee
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This indicator and the range analysis indicator are insane. Feeling lucky I found your profile so thank you so much! One question. Any chance you can update this indicator to have clearer alerts? Right now there are 11 "plot" alerts and 6 "shape" alerts. Would be amazing to use alerts when the price crosses each liquidation band, and when the indicator prints bubbles on each size.
szkhr1025
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This is a really great indicator, thank you so much:) As others have commented, I would like to be able to set an alert when a bubble appears.
Elon_Sak
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Good job.
bono297
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Thx for the nice work, is there any possibility to share codes of the script?
Crypto-Joker
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nice =) bubbles look great with my blue candles :D please add alerts or plot names as yaniv95890 mentioned, or let us do it with provided code =)
HakanAV
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can i have free accesss
the_test
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Great indicator! Is it possible to change liquidation levels from 25/50/75/100 to say 5/10/20?
* VWMA Option
* Level Labels at the end of the level line (with transparent background same color as line) ex. 100x Long, 100x Short ..
* Make it Multi Timeframe (ex. display 15 min levels on 1 min chart), a bit more involved but not hard to implement