OPEN-SOURCE SCRIPT

Pivot and liquidation lines [LM]

Hello traders,

I would like to introduce you pivot and liquidation zones. Levels are rendered based on pivot points. We are looking for confluence of liquidation lines in order to have the gist where the market could go. calculation for the liquidation lines are taken from Bybit. It's good to look for line clusters. Indicator doesn't tell you where the market will go but it tells you where are the potential zones of position liquidations

There are several settings:

pivot setting - ordinary pivot lines setting
first leverage - setting for first leverage
second leverage - setting for second leverage
third leverage - setting for first leverage
fourth leverage - setting for second leverage

Hope you will enjoy it.
liquidationlevelsliquidationsPivot Points

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.

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