Margin selling pressure levels

25 May 2021

Predicts local bottoms and support levels. Simply enter a strong resistance level (Settings > Liquidation Resistance Level), and this indicator shows you levels where margin selling pressure is likely to drop off. This is based off of the assumption that leveraged traders will likely want their liquidation point protected above a strong resistance level.

2x - blue
3x - green
4x - yellow
5x - orange
10x - red

26 May 2021

Sürüm Notları

Seems like a lot of users don't realize they need to enter a base resistance level before the pressure levels can be drawn. Added a message to help clarify, along with some tips for choosing a resistance level and using the tool (new table functionality is nice!)

26 May 2021

Sürüm Notları

Update to replace script chart.

1 Tem 2021

Sürüm Notları

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

2 Tem 2021

Sürüm Notları

Added custom plot transparency