OPEN-SOURCE SCRIPT

Liquidation Points for 50 and 100 Leverage V1

First basic cut for all those who get liquidated.
The theory behind the liquidation system for Bitmex, shows an estimate where other trader's liquidation prices might be and ultimately how one can exploit other trader's losses for one's own gain.
I have left the code for the x25 leverage level if you wish to use.
If you wish to understand the theory more go to youtube.com/watch?v=gG1iCf1EAig.
I have used vitvlkv’s Day/Low Code to assist in the calculations -
Day High/Low

If somebody could improve on this. It would be great. Thanks
High-Low Index

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.

Want to use this script on a chart?

Disclaimer