OPEN-SOURCE SCRIPT
Liquidation Screener
Updated
Option to screen for,
1. Volume Weighted Moving Average (better representation of majority)
2. Liquidation from Top Entered Positions (Long & Shorts)
3. Liquidations from Bottom Entered Positions (Longs & Shorts)
4. Liquidations from Top Shorts and Bottom Longs
5. Liquidations from Top Longs and Bottom Shorts
You can change candle lookback for 2-5 since these use a highest/lowest value for defined period. For the VWMA you can change the source and the MA length.
Optionally input for custom price to specifically look for liquidation levels.
Happy trading/ stay sharp,
-TheTrex
1. Volume Weighted Moving Average (better representation of majority)
2. Liquidation from Top Entered Positions (Long & Shorts)
3. Liquidations from Bottom Entered Positions (Longs & Shorts)
4. Liquidations from Top Shorts and Bottom Longs
5. Liquidations from Top Longs and Bottom Shorts
You can change candle lookback for 2-5 since these use a highest/lowest value for defined period. For the VWMA you can change the source and the MA length.
Optionally input for custom price to specifically look for liquidation levels.
Happy trading/ stay sharp,
-TheTrex
Release Notes
Small Fix with 25x wrong calculationRelease Notes
Added Killzone color for 2-3x long/shortsRelease Notes
Added PRZ killzone (1.114 Long/Short)Release Notes
Chart Update
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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