(version 2.0) - Covers ALL pairs from Binance futures (USDT)!
The Liquidations Level Indicator is a new, fresh and innovative indicator that adds a new perspective into the charts.
The indicator plots (in real time !), the liquidation points/levels that are "created" for every new position that is currently opened in futures trading of a cryptocurrency. The calculation and the plots work for both directions (either longs or shorts).
How it is done: We calculate all new large positions opened by other traders, by taking into account the Open Interest from major exchanges. For each new large position that is opened, the indicator plots in the chart the liquidation levels for the specific position per leverage level (100x, 50x or 25x).
This is exactly what the Market Maker knows!
In crypto, the Market Maker, tends to push the price to these levels, making these levels targets.
You could combined it with any other Technical Analysis indicator you used to trade.
Add it to your favorites indicators and enjoy the price action. You will soon realize that our indicator can be a game-changer indicator !
Soon, we will add some here in TradingView, some ideas and strategies that we have already used with this indicator with success.
Here, a new game starts for you..and the Market Maker. Don't trade against him, trade with him (!)
_____________________________ Notes: _____________________________ 1) Second version supports allt the USDT crypto that are tradable on Binance futures (at least).
Right now you can use any of them (e.g. BTC , ETH, BNB, XRP, ADA, SOL, DOT, DOGE, MATIC, LTC, ATOM, , etc. )
paired with one of the above stablecoins:
USD, USDT, USDC , or BUSD.
2) You can adjust the lower limit to take into account for new positions (total amount is in millions USD/USDT/ USDC ), so you can filter the positions and display only the large ones. This adjustment is up to you and it is different for each coin, as they have huge differences in Total Market Cap and the Total amount trading per day. BTC is almost always first, and then ETH, Luna, etc. From our experience a amount of 5m in USD fits for BTC , 2m USD for ETH, and you can of course switch it.
3) Don't use the indicator with any other pair, except the above ( /USD, /USDT, /BUSD or / USDC ). The Open Interest is calculated per USD, so if you project this over a crazy pair (e.g. BTC /LTC) it will not project anything.
4) Initial version supports reading the Open Interest from Binance. Upcoming versions will expand this, as an option.
_____________________________ Extras: _____________________________ This was our first effort to build something for the crypto community, that can be useful and of course free. We hope we like it. If you like the indicator, just spread it.
When I load the indicator, I see a blue line following in the middle throughout the trend of the candles. I also see the open interest label at the upper right corner. But I don’t see any liquidation levels. What could be wrong?
daddyl408
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@daddyl408, nevermind, the levels finally load now
Andre_pg
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@daddyl408, Im facing the same problem, did you make anyting for solve the problem?
amarkovac
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@Andre_pg, I have same issue, did you find out what cause it ?
Great indicator, i noticed it works for my BTCUSDT pair only, but for other pairs i.e SOLUSDT and others it does not display any liquidation levels. What could be wrong?
crypto-data
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@tobiloba001, It has HARDCODED pairs in it i think. Thus it loads security data. Do not think it can find same data for other pairs, if the data is not supplied on tradingview.
PatienceIsAKey
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Hi thank u for the script. Please add a liq. level cross notification
PatienceIsAKey
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@DaddyMalboreX, and when levels appear
Crypt0_Nerd_
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Amazing indicator keep up the good work. Can I suggest to add when the liqudation level has been hit you add a function that can be removed from the chart. So you can choose not to see old liqudation levels