OPEN-SOURCE SCRIPT
Updated Bitmex Liquidation levels VWMA's
This script creates multiple MA's that signal likely price boundaries and trends. They are volume-weighted moving averages multiplied with Bitmex's liquidation level multiplicator.
Do not buy green MA touch and do not sell red MA touches.
//Recommended settings:
//M3: len = 300
//M5: len = 100
//M15: len = 50-75
//m30: len = 35
//h1: len = 13
//h4: len = 7
//h12: len = 3
Do not buy green MA touch and do not sell red MA touches.
//Recommended settings:
//M3: len = 300
//M5: len = 100
//M15: len = 50-75
//m30: len = 35
//h1: len = 13
//h4: len = 7
//h12: len = 3
Release Notes
Added MA names to settingsAdded option to highlight line touches
Release Notes
Corrected a typo.Reordering of a line in groupings to make it more logical.
Release Notes
•Added x100 and x10 bands by default•Added option to highlight x10 bands
•Changed default color of x100 bands to #306bc9
Release Notes
Last update for a while.•Added BGcolor title
Release Notes
Small changes:•changed highlighting trigger on crossover and crossunder instead of price position relative to the MA's
•added highlighting of x10 liquidation touches
•All highlighting triggers on by default now
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.
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.
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.