Overleverage Short Screener Alert

Overleverage Short Screener Alert Guide (inspired by a posting "an on-chain trader nicknamed "Calm Order King" has reportedly made over $10 million in porfit this month - mainly by shorting BTC and SOL at precise reversal points", this script tries to guess his work.

🎯 Purpose of the Script

The script aims to identify potential **shorting opportunities** in derivatives markets (Perpetual Futures).

It looks for a setup often associated with a "long squeeze" or "blow-off top" by checking three criteria simultaneously: **High Excitement**, **Liquidity Buildup**, and the start of a **Price Dip**.

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### 🛠️ Customize Inputs (Settings)

Access the indicator's settings window to adjust the following values:

Funding Rate Threshold (%):** Controls the required bar momentum (proxy for excitement). *Adjust between 0.01 and 0.05.*

OI MA Period:** Sets the lookback period for the Open Interest/Volume trend. *Use 7 to 14.*

OI Spike % Above MA:** Defines how far above its trend the Volume/OI must be to signal high liquidity buildup. *Try 20.0 to 50.0.*

Price Drop % From X-Period High:** Sets the minimum percentage drop required from the recent high to confirm the setup. *Use 3.0 to 7.0.*

High Timeframe:** The period used to calculate the "recent high." *Use '7D' (7 Days) or '1D' (1 Day).*

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🔔 Reading the Signal and Setting Alerts

Visual Signal (Short\_Alert):** A **red triangle down** will appear at the top of the indicator pane when all three conditions are met. The background will also turn light red.

Signal Confirmation:**
* The **FR Proxy % (Blue Line)** must be **above** its blue threshold line.
* The **OI Spike % (Orange Line)** must be **above** its orange threshold line.
* The **Price Drop % (Fuchsia Line)** must be **below** its fuchsia threshold line.

Setting Alerts:**
1. Click the **"Alert"** button (bell icon) on the chart.
2. Set the **Condition** to the indicator's name: **"Overleverage Short Screener Alert
3. Set the specific condition to: **"Overleverage Short Alert"**.
4. The default alert message includes the current percentage values for all three factors for quick review.