OPEN-SOURCE SCRIPT
Bitmex Liquidation levels VWMA's
Updated
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 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.
Disclaimer
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