Aggregated Liquidations WW [BLZRtek]Aggregated Liquidations WW
This indicator aggregates perpetual futures liquidation data from six major exchanges into a single histogram panel, and overlays wave liquidation labels — showing cumulative forced-close volume at each structural wave pivot.
What it shows
🔴 Red columns — long liquidations (longs getting stopped out / price moving up through stops)
🟢 Green columns — short liquidations (shorts getting squeezed / price moving down through stops)
Wave labels — total liquidation volume accumulated during each completed wave, placed directly on the histogram
Supported Exchanges
Exchange Contract Type Margin
Binance Linear + Inverse USDT + USD
Bybit Linear + Inverse USDT + USD
OKX Linear USDT + USDC
BitMEX Inverse USD
Deribit Linear + Inverse USDC + USD
HTX Linear USDT (tick volume)
All exchanges can be toggled individually. Inverse (USD-margined) contracts are automatically converted to base currency using the bar’s open price for accuracy on volatile moves.
Two Wave Detection Modes
WWVN (default) — ATR-Renko
Fires immediately when price moves more than one ATR from the last Renko level. No confirmation delay. Labels mark the last bar of each completed wave. Best for: active monitoring, frequent wave structure.
HHLL — Structural Pivot Waves (Variant B)
Uses ta.pivothigh / ta.pivotlow to detect confirmed structural highs and lows. Key feature: liquidation totals are calculated between the real pivot bars, not between confirmation bars. When a pivot is confirmed at bar N (after Right Bars bars), the actual accumulation window ends at bar N − Right Bars.
The calculation uses running cumulative sums:
wave_volume = runningSum − previousPivotBaseline
This gives an exact liquidation total between two actual market structure points — not a delayed approximation.
Wave Label Features
Auto Color: label color automatically matches the Short / Long column color. Change the histogram color → labels update instantly.
Label on Peak Liq. Bar: when enabled, the label moves to the bar with the highest single-bar liquidation spike inside the wave, rather than the last/pivot bar. Useful for identifying exact flush points.
Label Offset: adjustable vertical spacing from the zero line to prevent overlap with tall columns.
Scale Down Factor: displays large numbers as 12.5K or 1.2M for readability.
Settings Overview
Timeframe & Accumulation
Custom timeframe for data source (default: chart timeframe)
Accumulation window in bars (for smoother histogram)
Currency Mode: Base (native coin units) or Quote (USDT equivalent)
Exchanges
Toggle each of the six exchanges on/off independently.
Display
Column colors, accumulation cloud (with separate window and color settings).
Thresholds
Two configurable horizontal levels on the panel (set to 0 to hide).
Wave Volume
Full wave label configuration: mode, ATR period, pivot bars, scale, color, size, offset, peak bar mode.
Notes
Requires Pine Script® v6
dynamic_requests enabled for series-string symbol construction
max_labels_count = 500, max_bars_back = 500
Zigzag filter in HHLL mode ensures strictly alternating pivot highs and lows
The label placement block executes before the accumulator reset on each bar — ensuring labels always reference the just-completed wave, not the incoming one
© BLZRtek — MPL-2.0
Indicator
Liquidation ScreenerLiquidation Screener — Indicator Description
Hello friends! I'm excited to introduce you to the Liquidation Screener — a tool for identifying levels where mass liquidation of positions occurs for traders using different leverage.
Core Concept
When price reaches certain levels, stop-losses and margin calls are triggered for traders who opened positions with different leverage. The lower the leverage, the farther the liquidation level is from the current price — and the more fuel it provides for a reversal or acceleration of the move.
The indicator automatically calculates these levels using a Volume-Weighted Moving Average (VWMA) as a reference point. This allows the tool to adapt to current market structure.
How It Works
The indicator builds 9 levels above the VWMA (for short positions) and 9 levels below the VWMA (for long positions). Each level corresponds to the liquidation of traders using a specific leverage.
Levels are labeled as x1, x2, x3, x4, x5, x10, x25, x50, x100.
The higher the number, the easier it is to liquidate such traders. A x100 liquidation represents the mass closing of positions by traders using maximum leverage — these levels are closest to price and occur more frequently.
x1, x2, x3, x4, x5 represent liquidation levels for traders using low leverage. Price needs to travel a significant distance to reach these levels. When such levels are triggered, it indicates significant movement and a large accumulation of liquidations, which can serve as powerful fuel for continued movement or a reversal.
Indicator Settings
MA Period — the length of the Volume-Weighted Moving Average.
MA Source — the data source used to calculate the average.
Label Opacity — adjusts the transparency of the label background.
Label Size — choose from five options: Tiny, Small, Normal, Large, or Huge.
For each of the nine levels, you can independently set colors for short zones and long zones.
Each level can also be toggled on or off independently.
Conclusion
Liquidation Screener helps you understand what liquidation volumes have accumulated in the market and where the real fuel for price movement lies.
Remember: liquidations are not a guarantee of a reversal, but rather markers of high-interest zones. Always use them in combination with other analysis methods.
Happy trading! 🚀 Indicator
Indicator
BTC Liquidation Heatmap | Multi-ExchangeBTC Liquidation Heatmap | Multi-Exchange
🔍 This heatmap pulls volume data from Binance, Coinbase, and Bitstamp simultaneously to show you where the real liquidation clusters are sitting. Instead of guessing where stops might get hit, you get actual volume-weighted zones with a strength score that tells you which levels matter.
The zones change color based on how much volume is stacked at each level. Bright colors mean heavy liquidation potential, faded colors mean weak spots. Each label shows the volume size, a strength rating out of 10, and how far away it is from current price in percentage terms.
Works best on 4H/D1 timeframes for Bitcoin. The default settings are tuned for day trading but you can dial them up or down depending on your style.
⚙️Drop it on your BTCUSD chart and you'll see colored boxes above and below price. Purple zones are short liquidations (above price), teal zones are long liquidations (below price). The thermometer on the right shows you the intensity scale.
Labels show three things: volume amount, strength ranking, and distance from current price. A level showing "1.45B ||| Strength 8/10 ||| 2.34%" means there's 1.45 billion in volume weight, it's an 8 out of 10 in terms of strength, and it's 2.34% away from where you are now.
The strength ranking is calculated using a proprietary algorithm that weighs multiple factors. Higher numbers mean more likely to cause a reaction when price gets there.
Settings You Actually Need to Know
📊 Lookback Bars: How far back to scan for levels. Default is 1000 bars which gives you plenty of context without cluttering the chart.
Pivot Width: Higher numbers = fewer but stronger levels. Start with 5, bump it to 8-10 if you're getting too much noise.
Min Level Weight: Filter out weak levels by raising this number. If your chart looks messy, start increasing it by 100M increments until it cleans up.
Label Size: Set to Normal by default. Switch to Large if you're on a big monitor or Small if you want a cleaner look.
How to Use It
🎯 Look for clusters of high-strength levels (8-10 rating) near current price. Those are your magnets. Price tends to get pulled toward them because that's where the liquidity is sitting. When you see a 10/10 level a few percent away, that's your target or your invalidation point depending on which side you're trading.
If price breaks through a strong level with momentum, it usually means the liquidations got triggered and you're looking at a real move. Weak levels (1-4 rating) are more likely to get ignored.
The distance percentage helps you figure out if a level is even worth watching. A 10/10 level that's 15% away might not matter for your intraday trade, but a 6/10 level that's only 0.5% away definitely does.
Exchange Toggles
🔄 You can turn off any of the three exchanges if you want. All three are on by default because more data = better picture. But if you only care about Binance and Coinbase, just uncheck Bitstamp in the settings. The volume recalculates automatically.
What to Ignore
Don't trade every level you see. Focus on the ones with 6/10 strength or higher that are within 5% of current price. Everything else is just context. And if a level gets hit (price crosses through it), it'll fade out so you know it's done.
The thermometer on the right is just a reference. You don't need to stare at it, but it helps when you're trying to figure out if a level is relatively strong or weak compared to everything else on screen.
Indicator
Liquidation Map [Alpha Extract]A sophisticated liquidity distribution visualization system that identifies potential liquidation zones through pivot-based detection and renders them as an interactive histogram with cumulative distance-to-liquidation curves. Utilizing multi-exchange volume aggregation and ATR-scaled pocket detection, this indicator delivers institutional-grade liquidity mapping with real-time histogram display showing relative concentration of long and short liquidation levels across configurable price ranges. The system's box-based rendering architecture combined with cumulative distribution overlays provides comprehensive visual assessment of asymmetric liquidity positioning for strategic trade planning.
🔶 Advanced Multi-Exchange Aggregation Framework
Implements intelligent ticker detection and multi-source volume aggregation across major exchanges including Binance, Bybit, KuCoin, OKX, and MEXC for accurate liquidity weight calculations. The system automatically identifies base currency (BTC, ETH, SOL) from chart ticker, retrieves volume data from matching perpetual contracts across multiple venues, and aggregates into composite volume metric for enhanced pocket weighting accuracy.
🔶 Pivot-Based Liquidation Pocket Detection
Features sophisticated swing point identification using configurable pivot width with ATR-scaled vertical zone construction for volatility-adaptive pocket sizing. The system detects pivot highs for short liquidation zones (placed above swing) and pivot lows for long liquidation zones (placed below swing), applying 200-period ATR with percentage multipliers to determine pocket heights that adjust to market volatility conditions.
🔶 Interactive Histogram Visualization Engine
Provides real-time box-based histogram rendering in indicator pane with configurable bin counts (up to 400 columns) and adjustable height, displaying liquidity concentration across fixed percentage range above and below current price. The system calculates bin sizes from view range, accumulates pocket weights into price bins, and renders vertical bars with gradient color intensity reflecting relative liquidity concentration at each price level.
🔶 Cumulative Distance Overlay System
Implements innovative cumulative distribution curves showing aggregate liquidity distance from current price for both long (left) and short (right) positions. The system calculates running totals of pocket weights from current price outward in both directions, normalizes against maximum span, and overlays line segments showing how much total liquidity exists at various distances, enabling instant assessment of liquidation cascade potential.
🔶 Dynamic Price Range Adaptation
Features fixed percentage-based view window that maintains consistent price range visualization across all timeframes and instruments, automatically centering histogram on current price with configurable +/- percentage bounds. The system recalculates histogram bins and pocket distributions on each bar close, ensuring visualization adapts to price movement while maintaining interpretable scale regardless of volatility regime.
🔶 Touch Detection and Weight Adjustment
Provides intelligent pocket state tracking that identifies when price trades through liquidation zones and applies configurable weight multipliers to touched pockets for historical context. The system monitors price interaction with pocket midpoints, marks pockets as "hit" when violated, and optionally increases their visual weight (default 5x) to emphasize historical liquidation levels while distinguishing from untouched future zones.
🔶 Gradient Intensity Color System
Implements sophisticated color gradient engine that modulates bar opacity from transparent to opaque based on relative liquidity concentration within each bin. The system normalizes bin values against maximum liquidity, applies color interpolation from faded to vivid hues, and distinguishes long liquidation zones (cyan) from short liquidation zones (yellow/gold) with current price column highlighted in red for instant orientation.
🔶 Performance-Optimized Rendering Architecture
Utilizes efficient box and line object management with dynamic allocation based on histogram configuration, implementing intelligent cleanup and reuse to maintain smooth performance. The system includes adaptive line budget calculations that adjust segment density for cumulative curves based on available object limits, ensuring consistent operation even with maximum histogram resolution settings.
🔶 Asymmetric Distribution Analysis
Calculates separate cumulative distributions for long and short liquidation zones split at current price, enabling identification of imbalanced liquidity positioning. The system normalizes distributions against respective maximums and overlays both curves on single histogram, allowing traders to instantly assess whether more liquidation risk exists above (shorts vulnerable) or below (longs vulnerable) current price levels.
🔶 Configurable Label and Scale System
Provides price axis labeling with adjustable frequency to reduce clutter while maintaining reference points, displaying price values at regular column intervals with configurable offset positioning. The system includes current price label showing exact value and percentile position within view range, offering both absolute price reference and relative positioning context for distribution interpretation.
🔶 Historical Pocket Persistence Framework
Maintains rolling window of liquidation pockets up to 3000 bars with automatic expiration management and optional preservation of touched zones for historical analysis. The system tracks pocket creation time, monitors age against lookback limits, and manages array cleanup to prevent memory overflow while retaining relevant historical liquidation levels for pattern recognition and support/resistance validation.
This indicator delivers sophisticated liquidity distribution analysis through histogram visualization and cumulative distance curves that reveal asymmetric positioning of potential liquidation levels. Unlike simple liquidation heatmaps that show absolute levels, the Liquidation Map's cumulative distribution overlays instantly communicate how much total liquidity exists at various distances from current price, enabling assessment of cascade potential. The system's multi-exchange volume aggregation, touch-weighted historical zones, and fixed-range visualization make it essential for traders seeking strategic positioning around institutional liquidity clusters in cryptocurrency futures markets. The histogram format enables instant identification of price levels where concentrated liquidations may trigger significant volatility or reversal events, while the asymmetric distribution curves reveal whether market structure favors upside or downside cascades. Indicator
Liquidation Heatmap [Alpha Extract]A sophisticated liquidity zone visualization system that identifies and maps potential liquidation levels based on swing point analysis with volume-weighted intensity measurement and gradient heatmap coloring. Utilizing pivot-based pocket detection and ATR-scaled zone heights, this indicator delivers institutional-grade liquidity mapping with dynamic color intensity reflecting relative liquidity concentration. The system's dual-swing detection architecture combined with configurable weight metrics creates comprehensive liquidation level identification suitable for strategic position planning and market structure analysis.
🔶 Advanced Pivot-Based Pocket Detection
Implements dual swing width analysis to identify potential liquidation zones at pivot highs and lows with configurable lookback periods for comprehensive level coverage. The system detects primary swing points using main pivot width and optional secondary swing detection for increased pocket density, creating layered liquidity maps that capture both major and minor liquidation levels across extended price history.
🔶 Multi-Metric Weight Calculation Engine
Features flexible weight source selection including Volume, Range (high-low spread), and Volume × Range composite metrics for liquidity intensity measurement. The system calculates pocket weights based on market activity at pivot formation, enabling traders to identify which liquidation levels represent higher concentration of potential stops and liquidations with configurable minimum weight thresholds for noise filtering.
🔶 ATR-Based Zone Height Framework
Utilizes Average True Range calculations with percentage-based multipliers to determine pocket vertical dimensions that adapt to market volatility conditions. The system creates ATR-scaled bands above swing highs for short liquidation zones and below swing lows for long liquidation zones, ensuring zone heights remain proportional to current market volatility for accurate level representation.
🔶 Dynamic Gradient Heatmap Visualization
Implements sophisticated color gradient system that maps pocket weights to intensity scales, creating intuitive visual representation of relative liquidity concentration. The system applies power-law transformation with configurable contrast adjustment to enhance differentiation between weak and strong liquidity pockets, using cyan-to-blue gradients for long liquidations and yellow-to-orange for short liquidations.
🔶 Intelligent Pocket State Management
Features advanced pocket tracking system that monitors price interaction with liquidation zones and updates pocket states dynamically. The system detects when price trades through pocket midpoints, marking them as "hit" with optional preservation or removal, and manages pocket extension for untouched levels with configurable forward projection to maintain visibility of approaching liquidity zones.
🔶 Real-Time Liquidity Scale Display
Provides gradient legend showing min-max range of pocket weights with 24-segment color bar for instant liquidity intensity reference. The system positions the scale at chart edge with volume-formatted labels, enabling traders to quickly assess relative strength of visible liquidation pockets without numerical clutter on the main chart area.
🔶 Touched Pocket Border System
Implements visual confirmation of executed liquidations through border highlighting when price trades through pocket zones. The system applies configurable transparency to touched pocket borders with inverted slider logic (lower values fade borders, higher values emphasize them), providing clear historical record of liquidated levels while maintaining focus on active untouched pockets.
🔶 Dual-Swing Density Enhancement
Features optional secondary swing width parameter that creates additional pocket layer with tighter pivot detection for increased liquidation level density. The system runs parallel pivot detection at both primary and secondary swing widths, populating chart with comprehensive liquidity mapping that captures both major swing liquidations and intermediate level clusters.
🔶 Adaptive Pocket Extension Framework
Utilizes intelligent time-based extension that projects untouched pockets forward by configurable bar count, maintaining visibility as price approaches potential liquidation zones. The system freezes touched pocket right edges at hit timestamps while extending active pockets dynamically, creating clear distinction between historical liquidations and forward-projected active levels.
🔶 Weight-Based Label Integration
Provides floating labels on untouched pockets displaying volume-formatted weight values with dynamic positioning that follows pocket extension. The system automatically manages label lifecycle, creating labels for new pockets, updating positions as pockets extend, and removing labels when pockets are touched, ensuring clean chart presentation with relevant liquidity information.
🔶 Performance Optimization Framework
Implements efficient array management with automatic clean-up of old pockets beyond lookback period and optimized box/label deletion to maintain smooth performance. The system includes configurable maximum object counts (500 boxes, 50 labels, 100 lines) with intelligent removal of oldest elements when limits are approached, ensuring consistent operation across extended timeframes.
This indicator delivers sophisticated liquidity zone analysis through pivot-based detection and volume-weighted intensity measurement with intuitive heatmap visualization. Unlike simple support/resistance indicators, the Liquidation Heatmap combines swing point identification with market activity metrics to identify where concentrated liquidations are likely to occur, while the gradient color system instantly communicates relative liquidity strength. The system's dual-swing architecture, configurable weight metrics, ATR-adaptive zone heights, and intelligent state management make it essential for traders seeking strategic position planning around institutional liquidity levels across cryptocurrency, forex, and futures markets. The visual heatmap approach enables instant identification of high-probability reversal zones where cascading liquidations may trigger significant price reactions. Indicator
Volume Aggregated Spot & Futures -- Crypto (by plyst & more)📊 Volume Aggregated Spot & Futures - Enhanced Edition
🎯 Overview
Advanced volume aggregation indicator that combines spot and perpetual futures volume across the top 10 cryptocurrency exchanges. This enhanced version builds upon the original work by @HALDRO Project with optimized calculations and expanded functionality.
✨ Key Features
- 📈 Real-time aggregated volume from 10 major exchanges (Binance, Bybit, OKX, Coinbase, Bitget, KuCoin, Kraken, MEXC, Gate.io, HTX)
- 🔄 Multiple visualization modes: Volume, Delta, Cumulative Delta, Spot vs Perp analysis, Liquidations, OBV, and MFI
- 💱 Multi-currency support: Display volume in COIN, USD, or EUR
- 🎨 Clean, single-color bar chart showing total cumulative volume
- 📊 Multiple calculation methods: SUM, AVG, MEDIAN, VARIANCE
- 🎯 Separate spot (USDT, USD, USDC, etc.) and perpetual futures (.P contracts) tracking
🔧 Technical Improvements
✓ Corrected MFI formula for accurate money flow calculations
✓ Optimized volume aggregation logic with proper NA handling
✓ Support for 10 exchanges (up from 9)
✓ Streamlined codebase for better performance
✓ Updated perpetual contract naming conventions (.P format)
📖 Usage
Perfect for analyzing total market volume, identifying liquidation events, tracking buyer/seller pressure through delta analysis, and understanding the spot vs futures market dynamics.
🙏 Credits
Original concept and framework by @HALDRO Project. This version includes mathematical corrections, code optimizations, and expanded exchange support.
⚠️ Note
Aggregated volume is calculated from external exchange data using request.security(). Ensure your plan supports the necessary security calls for optimal performance. Indicator
Liquidations Zones [ChartPrime]The Liquidation Zones indicator is designed to detect potential liquidation zones based on common leverage levels such as 10x, 25x, 50x, and 100x. By calculating percentage distances from recent pivot points, the indicator shows where leveraged positions are most likely to get liquidated. It also tracks buy and sell volumes in these zones, helping traders assess market pressure and predict liquidation scenarios. Additionally, the indicator features a heat map mode to highlight areas where orders and stop-losses might be clustered.
⯁ KEY FEATURES AND HOW TO USE
⯌ Leverage Zones Detection :
The indicator identifies zones where positions with leverage ratios of 100x, 50x, 25x, and 10x are at risk of liquidation. These zones are based on percentage moves from recent pivots: a 1% move can liquidate 100x positions, a 4% move affects 25x positions, and so on.
⯌ Liquidated Zones and Volume Tracking :
The indicator displays liquidated zones by plotting gray areas where the price potentually liquidate positons. It calculates the volume needed to liquidate positions in these zones, showing volume from bullish candles if short positions were liquidated and volume from bearish candles for long positions. This feature helps traders assess the risk of liquidation as the price approaches these zones.
⯌ Buy/Sell Volume Calculation :
Buy and sell volumes are calculated from the most recent pivot high or low. For buy volume, only bullish candles are considered, while for sell volume, only bearish candles are summed. This data helps traders gauge the strength of potential liquidation in different zones.
Example of buy and sell volume tracking in active zones:
⯌ Liquidity Heat Map :
In heat map mode, the indicator visualizes potential liquidity areas where orders and stop-losses may be clustered. This map highlights zones that are likely to experience liquidations based on leverage ratios. Additionally, it tracks the highest and lowest price levels for the past 100 bars, while also displaying buy and sell volumes. This feature is useful for predicting market moves driven by liquidation events.
⯁ USER INPUTS
Length : Determines the number of bars used to calculate pivots for liquidation zones.
Extend : Controls how far the liquidation zones are extended on the chart.
Leverage Options : Toggle options to display zones for different leverage levels: 10x, 25x, 50x, and 100x.
Display Heat Map : Enables or disables the liquidity heat map feature.
⯁ CONCLUSION
The Liquidation Zones indicator provides a powerful tool for identifying potential liquidation zones, tracking volume pressure, and visualizing liquidity areas on the chart. With its real-time updates and multiple features, this indicator offers valuable insights for managing risk and anticipating market moves driven by leveraged positions. Indicator
Liquidation Risk Suite [Mxwll]Hello traders 👋
This indicator "Liquidation Risk Suite" hosts various features that allow the trade to determine optimal position sizing, leverage, profit targets, and more!
Features
Customizable entry price and time
From the entry price, a user-defined number of liquidation levels by leverage are shown
From the entry price, a user-defined number of profit targets by leverage are shown
User-defined ROI % target. Liquidation levels and profit targets automatically change to account for the traders' desired profit percentage.
Calculate for long and short positions
Trader can set portfolio balance and investment per trade - indicator will warn the trader when the investment per trade is too high relative to the portfolio balance.
How this script works
The Liquidation Risk Suite is designed to help traders determine position sizing, appropriate risk for their position (leverage, etc.), and potential profit targets from their entry point.
Upon loading the script, the script will prompt you for an entry price and entry time. Simply click the screen at the appropriate locations (your entry price and entry bar) and, from there, the script will calculate various liquidation levels, determine whether your trade has achieved the desired profit at various leverages, and provide various trading metrics such as % risk of portfolio, ROI target %, profit at target, and more!
The image above outlines various trade-related metrics for your position!
These metrics include:
Status of trade (profit or loss) for various common leverage amounts
Portfolio balance
Investment amount
Price target (calculated from desired ROI%)
Profit at target (calculated from desired ROI% and leverage used)
Portfolio risk
Entry price
Entry time
ROI Target %
The image above explains the output of the script, including line style indications!
Solid lines indicate that the leverage used for at your entry price constitutes an active trade. Dotted lines mean the trade has already achieved your profit target for that leverage, or stopped out.
Additionally, the script can calculate pertinent metrics for short positions!
That's all, just a simple, sweet script to help traders figure out what leverage to use for their positions, the risk they're taking on, and potential stop and profit levels!
Thank you to kaigouthro for his colors library!
Indicator
Open Intrest / Volume / Liquidations (Suite) [BigBeluga]This indicator is a suite of tools that aims to provide traders with efficient metrics to analyze the market in a different way, such as various types of Open Interest, Intraday Volume, and Liquidations.
This indicator can both save time and also provide a different approach to the usual price action trading style.
🔶 FEATURES
The indicator contains the following features:
Open Interest Suite
- Delta OI
- Net longs and shorts
- OI Relative Strength Index
Intraday Volume Suite
- Bullish and Bearish LTF Volume
- CVD
- Delta Volume
Liquidations Suite
- Long and Short Liquidations
- Cumulative Liquidations
🔶 EXAMPLE OF SUITE
In the example above, we can see how we can plot long and short positions, both opening and closing out.
This can give a unique way to view which side is the strongest but also which side has the most resting liquidity.
For example, if more longs are entering the market, it also means more liquidity for longs and vice versa.
Or, for example, plotting the delta OI will allow the user to see big percentages in change and spot big areas of position closing out.
This presents a fascinating method for observing numerous positions closing out in conjunction with a surge of liquidations, which could indicate a potential reversal in price.
Here, we can see a basic example of using intraday volume on a 1m LTF.
With this, we are able to see both bullish and bearish volume of the same candle, very useful to see both volumes traded in the same candle.
Using the CVD to see the overall direction based purely on the volume and spot divergence, for example, the price in an uptrend but CVD going down, indicating weak shorts in the market or trapped shorts.
Or simply view liquidations happening in the market in a very different way, both long and short liquidation at the same time + the option to use multi-timeframe liquidations.
🔶 CONCLUSION
The idea of this script is to provide a set of tools in a unique script to optimize time and analyze the market in both a quick way and in a different way than usual. Indicator
True VolumeThis indicator is designed to provide in-depth analysis of volume data from multiple sources and distinguish highly liquid candles by measuring the density of the volume. By focusing on the density and concentration of volume, rather than just the volume itself, it offers a more nuanced view of the market. This can be particularly beneficial in markets like cryptocurrencies, where understanding the role of market makers versus retail traders is crucial for strategic trading.
This is how it works:
Multiple Asset Integration:
Unlike standard volume indicators, True Volume allows the inclusion of up to four different assets (or the same asset from various exchanges) into its volume calculations. This feature provides a broader and more accurate total volume representation, essential in markets like cryptocurrencies where volume is dispersed across multiple exchanges.
Adjustable Time Anchors:
It offers various time anchor options, allowing traders to analyze volume data over different time periods or a specific amount of lookback candles. This flexibility helps in understanding volume trends over both short and long-term time frames.
Volume Density Analysis:
The core of this indicator is the innovative concept of Volume Density. It's calculated using a sigmoid function that normalizes the volume-to-price movement ratio in a unique way without needing a max cap or having the density column spike off the chart. This method helps in distinguishing between normal volume fluctuations and those that are unusually dense for the given price movement. This distinction is key in identifying potential market maker activities.
The Visuals:
The Volume Density is displayed in a unique way without compromising the original volume bars or cap the density. Infinite density can essentially be represented without having an infinitely large bar or caping out the density data. There's also two different color themes, optional bar color, and an option to flip the density bars up-side down for a different representation. Each of the original volume sources can be displayed separately as well. All colors as customizable as well for your own preference.
Price Volume Trend (PVT):
Included in this indicator is also the Price Volume Trend, which cumulatively measures the density delta, offering insights into the longer-term momentum of the market.
How do I trade it?
This indicator aims to give you insight into 'the other side of the trade', the Market Makers. When you buy, they provide liquidity by selling to you. That drives the Volume Density up.
Consider whether the market maker is currently long or short and might need to cover their position by wicking price back, or "adjust inventory". Especially towards the end of a market session.
Consider dense candles during market gaps or weekends to be market manipulation moves.
The density also goes up when stop losses are hit. If price makes a higher high or lower low, high density could indicate a liquidation event. Indicator
Liquidation Levels on OIThis indicator is used to display estimated contract liquidation prices. When there are dense liquidation areas on the chart, it indicates that there may be a lot of liquidity at that price level. The horizontal lines of different colors on the chart represent different leverage ratios. See below for details.
Let me introduce the principle behind this indicator:
1. When position trading volume increases or decreases significantly higher than usual levels in a specific candlestick chart, it indicates that a large number of contracts were opened during that period. We use the 60-day moving average change as a benchmark line. If the position trading volume changes more than 1.2x, 2x or 3x its MA60 value, it is considered small, medium or large abnormal increase or decrease.
2. This indicator takes an approximate average between high, open, low and close prices of that candlestick as opening price.
3. Since contracts involve liquidity provided by both buyers and sellers with equal amounts of long and short positions corresponding to each contract respectively; since we cannot determine actual settlement prices for contract positions; therefore this indicator estimates settlement prices instead which marks five times (5x), ten times (10x), twenty-five times (25x), fifty times (50x) and one hundred times (100x) long/short settlement prices corresponding to each candlestick chart generating liquidation lines with different colors representing different leverage levels.
4. We can view areas where dense liquidation lines appear as potential liquidation zones which will have high liquidity.
5. We can adjust orders based on predicted liquidation areas because most patterns in these areas will be quickly broken.
6. We provide a density histogram to display the liquidation density of each price range.
Special thanks to the following PulseWire community members for providing open-source indicators and contributing to the development of this indicator!
Liquidation - @Mysterysauce
Open Interest Delta - By Leviathan - @LeviathanCapital
Regarding the relationship with the above-mentioned open source indicators:
1. Indicator Liquidation - @Mysterysauce can also draw a liquidation line in the chart, but:
(1) Our indicator generates a liquidation line based on abnormal changes in open interest; their indicator generates a liquidation line based on trading volume.
(2) Our indicator will generate both long and short liquidation lines at the same time; their indicator will only generate a liquidation line in a single direction.
We refer to their method of drawing liquidation lines when drawing our own.
2. Indicator Open Interest Delta - By Leviathan - @LeviathanCapital obtained OI data for Binance USDT perpetual contracts in the code. We refer to their method of obtaining OI data in our code.
============= 中文版本 =============
此指标用于显示估计合约清算价格。当图表上有密集的清算区域时，表示该价格水平可能存在大量流动性。图表上不同颜色的水平线代表不同杠杆比率。详情请参见下面的说明。
让我介绍一下这个指标背后的原理：
1. 当特定蜡烛图对应的合约仓位增加量（OI Delta）显著高于通常水平时，表示在那段时间有大量合约开仓。我们使用OI Delta的60日移动均线作为基准线。如果OI Delta超过其MA60值的1.2倍、2倍或3倍，则认为是小型、中型或大型的异常OI Delta。
2. 该指标将上述蜡烛图高、开、低和收盘价的平均值作为近似的合约开仓价。
3. 由于合约涉及买方和卖方之间相互提供流动性，每个合约对应相等数量的多头和空头头寸。由于我们无法确定合约头寸的实际清算价格，因此该指标估计了清算价格。它标记了与该蜡烛图相对应的多头和空头5倍、10倍、25倍、50倍和100倍的清算价格，生成清算线。不同杠杆水平用不同颜色表示。
4. 我们可以将出现密集清算线的区域视为潜在的清算区域。这些区域将具有高流动性。
5. 我们可以根据预测到的清算区域调整自己的订单，因为根据规律，这些清算区域大部分都会很快被击穿。
6. 我们提供了密度直方图来显示每个价格范围的清算密度
特别感谢以下PulseWire社区成员提供开源指标并为该指标的开发做出贡献！
Liquidation - @Mysterysauce
Open Interest Delta - By Leviathan - @LeviathanCapital
与上述开源指标的关系：
1. 指标Liquidation - @Mysterysauce也可以在图中绘制清算线，但是：
（1）我们的指标是基于open interest的异常变化生成的清算线；他们的指标是基于成交量生成的清算线
（2）我们的指标会同时生成多头和空头清算线；他们的指标仅会在单一方向生成清算线
我们的指标在绘制清算线上参考了他们绘制清算线的方式
2. 指标Open Interest Delta - By Leviathan - @LeviathanCapital在代码中获取了Binance USDT永续合约的OI数据。我们在代码中参考他们获取OI数据的方式 Indicator
Indicator
Indicator
