jaqobs

Bitmex Liquidation levels VWMA's

jaqobs 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
Release Notes:
Added MA names to settings
Added 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 a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

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