OPEN-SOURCE SCRIPT
Updated Liquidations
First, thanks to the following Tradingview community members for providing open source indicators that I used to develop this indicator!
Liquidations by volume (spot/futures) - Thomas_Davison
Pivot and liquidation lines [LM] - lmatl
Let me know if either of you do not approve and I will remove the indicator.
This indicator uses pivot points, volume and a liquidation percentage to determine potential liquidation levels. These are not exact but can give traders an idea of potential support or resistance levels.
Pivot points: Currently the pivot points are set to look left 5 bars and right 2 bars. This will determine the high and lows in the chart.
Volume: Assuming that high volume bars are where more leverage is used, this indicator uses the average volume over a 1000 bar period to determine to determine a baseline. I have arbitrarily set 100x lines to 20% above the average volume, 50x lines 10% above, 25x lines 5% above, 10x lines 2.5% above and 5x lines 1.25% above.
Liquidation: Finally, we are making a few assumptions on how liquidations are calculated. The following table includes the percentage a position can decline before being liquidated.
* * *
Short: Long:
100x 0.51% 0.49%
50x 1.55% 1.47%
25x 3.70% 3.38%
10x 5.11% 4.67%
5x 6.705% 6.115%
Let me know if there are any questions or if anyone has any improvements!
Liquidations by volume (spot/futures) - Thomas_Davison
Pivot and liquidation lines [LM] - lmatl
Let me know if either of you do not approve and I will remove the indicator.
This indicator uses pivot points, volume and a liquidation percentage to determine potential liquidation levels. These are not exact but can give traders an idea of potential support or resistance levels.
Pivot points: Currently the pivot points are set to look left 5 bars and right 2 bars. This will determine the high and lows in the chart.
Volume: Assuming that high volume bars are where more leverage is used, this indicator uses the average volume over a 1000 bar period to determine to determine a baseline. I have arbitrarily set 100x lines to 20% above the average volume, 50x lines 10% above, 25x lines 5% above, 10x lines 2.5% above and 5x lines 1.25% above.
Liquidation: Finally, we are making a few assumptions on how liquidations are calculated. The following table includes the percentage a position can decline before being liquidated.
* * *
Short: Long:
100x 0.51% 0.49%
50x 1.55% 1.47%
25x 3.70% 3.38%
10x 5.11% 4.67%
5x 6.705% 6.115%
Let me know if there are any questions or if anyone has any improvements!
Release Notes
minor optimization changesRelease Notes
Added a user input for the lookback period. Minor adjustments to the liquidation levels.Release Notes
Updated leverage calculations and colorsRelease Notes
Minor editRelease Notes
changes are related to extending the lines and removing old liquidation lines.Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.