Mapping Volume and Open Interest Extremes with Liquidation Ranges
Summary
This TradingView indicator combines volume or open interest dots with liquidation range displays. Users can select how dots are identified: mark many statistical extremes, show extremes within the visible chart area, display the highest value per bar, or turn dots off. An aggressiveness setting controls the percentile threshold for the statistical-extremes mode. The script also offers options for naked levels, level tables, line limits, support and resistance coloring, and a fixed date range.
For crypto charts, it requests open interest data and uses lower-timeframe data to construct its displays; volume data is also collected at a lower timeframe. The interface includes configurable liquidation boxes or lines, open-interest delta lines, and violation circles. This is a visualization and exploration tool, not a defined trading strategy. The excerpt provides implementation details but no performance evidence, validation of the liquidation estimates, or guidance for interpreting signals. Data availability depends on the symbol and TradingView feeds, and the supplied source is incomplete, so some calculation details cannot be assessed.
Key ideas
- The indicator can mark volume or open-interest extremes using several display modes.
- A percentile threshold controls how aggressively the statistical-extremes mode selects dots.
- Crypto symbols use requested open-interest data, while volume is also analyzed at a lower timeframe.
- Liquidation ranges can be shown as boxes or lines alongside optional delta and violation visuals.
- The document gives no backtest or evidence that the visual features predict profitable trades.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.