OPEN-SOURCE SCRIPT
Updated Margin buying pressure levels
Predicts local tops and resistance levels. Simply enter a strong support level (Settings > Liquidation Support Level), and this indicator shows you levels where margin buying pressure is likely to drop off. This is based off of the assumption that leveraged traders will likely want their liquidation point protected below a strong support level.
2x - blue
3x - green
4x - yellow
5x - orange
10x - red
2x - blue
3x - green
4x - yellow
5x - orange
10x - red
Release Notes
Seems like a lot of users don't realize they need to enter a base support level before the pressure levels can be drawn. Added a message to help clarify, along with some tips for choosing a support level and using the tool (new table functionality is nice!)Release Notes
Update to replace script chart. Release Notes
Enhancements/fixes:(1) Added 7x level
(2) Added ability to turn levels on/off
(3) Added ability to customize level color
(4) Properly defaulting level values
Release Notes
Added custom plot transparencyOpen-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.