Predicts local tops and resistance levels. Simply enter a strong support level (Settings > Liquidation Support Level), and this indicator shows you levels where margin buying pressure is likely to drop off. This is based off of the assumption that leveraged traders will likely want their liquidation point protected below a strong support level.
2x - blue
3x - green
4x - yellow
5x - orange
10x - red
2x - blue
3x - green
4x - yellow
5x - orange
10x - red
Versionsinformation:
Seems like a lot of users don't realize they need to enter a base support level before the pressure levels can be drawn. Added a message to help clarify, along with some tips for choosing a support level and using the tool (new table functionality is nice!)
Versionsinformation:
Update to replace script chart.
Versionsinformation:
Enhancements/fixes:
(1) Added 7x level
(2) Added ability to turn levels on/off
(3) Added ability to customize level color
(4) Properly defaulting level values
(1) Added 7x level
(2) Added ability to turn levels on/off
(3) Added ability to customize level color
(4) Properly defaulting level values
Versionsinformation:
Added custom plot transparency
