Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
⋅
Draws supply and demand zones of 3 types, based on 3 different volume threshold parameters. The timeframe of the script is fixed (you can change it in the options), so for example it is possible to keep Daily S/D zones while looking at 1h chart.
@Jb_2, Hello, I published the source code of my scripts on GitHub, user Heavy91
makuchaku
⋅
@Heavy91, Thanks for sharing the code in open source!
miaomiao18
⋅
Thanks for sharing!
When apply on chart, it shows blue box/dots and purple box/dots. what those level does it mean exactly?
example:
Heavy91
⋅
@miaomiao18, I divided the zones in 3 ranges of volume (big/medium/small), each one has a different color. The purpose is trying to find where liquidity is. You can try to adjust the thresholds in settings to make them fit better the pair that you are watching.
miaomiao18
⋅
@Heavy91, I only saw 2 colors in my screenshot, what's the 3rd color(apart from blue and purple)?
iggyyggi86
⋅
@Heavy91, Hey and which color stands for big, which medium and which small?