PROTECTED SOURCE SCRIPT
Liquidation Detector, Short and Long with Open Interest
The script analyzes three main pieces of data from each candle (or time bar): price, Open Interest (OI), and volume. It then uses that data to look for two distinct types of patterns and marks them on the chart for easy viewing.
CAN ONLY BE USED WITH STICKER BTC1! CME
Liquidation Detection:
What are you looking for? A sharp drop in Open Interest accompanied by a spike in volume.
What does it mean? This pattern indicates that a large number of positions (usually long) are being closed quickly, which can cause a sharp price drop. It's a signal of market capitulation that many traders use as a potential entry point.
Shorts Entry Detection:
What are you looking for? A price drop accompanied by an increase in Open Interest and a spike in volume.
What does it mean? This pattern shows that "new money" is entering the market to open short positions. It confirms a downtrend and suggests that the price drop has real strength behind it.
Marker: A purple triangle labeled "Shorts."
CAN ONLY BE USED WITH STICKER BTC1! CME
Liquidation Detection:
What are you looking for? A sharp drop in Open Interest accompanied by a spike in volume.
What does it mean? This pattern indicates that a large number of positions (usually long) are being closed quickly, which can cause a sharp price drop. It's a signal of market capitulation that many traders use as a potential entry point.
Shorts Entry Detection:
What are you looking for? A price drop accompanied by an increase in Open Interest and a spike in volume.
What does it mean? This pattern shows that "new money" is entering the market to open short positions. It confirms a downtrend and suggests that the price drop has real strength behind it.
Marker: A purple triangle labeled "Shorts."
Script protegido
Este script se publica como código cerrado. Sin embargo, puede utilizarlo libremente y sin limitaciones: obtenga más información aquí.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Script protegido
Este script se publica como código cerrado. Sin embargo, puede utilizarlo libremente y sin limitaciones: obtenga más información aquí.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.