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
2x - blue
3x - green
4x - yellow
5x - orange
10x - red
Versionshinweise:
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!)
Versionshinweise:
Update to replace script chart.
Versionshinweise:
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
(1) Added 7x level
(2) Added ability to turn levels on/off
(3) Added ability to customize level color
(4) Properly defaulting level values
Versionshinweise:
Added custom plot transparency
