Volume Liqidations [EagleVSniper]

23 Mar

The Volume Liquidations Indicator is designed for traders who want to spot significant liquidation events in the cryptocurrency markets, particularly between spot and futures volumes. This powerful tool auto-detects the trading asset and compares the volume data from both spot and futures markets to highlight potential high-volume liquidation points that can significantly impact price movement. Raw source code owner - tartigradia

Features:

• Auto-Detect Functionality: Automatically identifies the current trading asset, providing an option for manual selection for both spot and futures symbols.
  
• Volume Comparison: Calculates the difference between futures and spot volumes within a user-defined timeframe, helping to identify liquidation events.
  
• Customizable Parameters: Offers customizable options for multipliers, lookback periods, and timeframe selection to tailor the indicator to your trading strategy.
  
• Visual Indicators: Displays liquidation volumes as color-coded columns, with green indicating potential long liquidations and red for short liquidations. It also highlights bars that exceed the high-volume threshold, providing a clear visual cue for significant liquidation events.
  
• Spot and Futures Volume MA: Includes optional moving average plots for both spot and futures volumes, allowing for a deeper analysis of market trends.
  
• Highlighting High-Volatility Candles: The indicator uniquely colors candles that reach a predefined volatility threshold, determined by the user-set multiplier. This functionality aims to spotlight moments of significant market volatility, providing traders with immediate visual cues.
  
• Dynamic Ticker Selection: Seamlessly switches between auto and manual ticker selection, providing flexibility for all types of traders.
  

How to Use:

1. Setup: Configure the indicator to your preferences. You can choose between automatic or manual ticker selection, set the multiplier for the high-volume threshold, and define the lookback period for the moving average calculation.
   
2. Analysis: The indicator plots differences in volume between futures and spot markets as columns on your chart, color-coded to indicate the direction of potential liquidations.
   
3. Decision Making: Use the indicator to identify potential liquidation events. High-volume thresholds are highlighted, suggesting significant market movements. Combine this information with other analysis tools to make informed trading decisions.