Liquidation Strategy

💣 Liquidation Strategy (High-Level Overview + Usage)
This strategy is built to trade extreme liquidation events on crypto exchanges like Bybit or OKX, using TradingView’s Liquidations indicator as input.

🔧 Core Logic

• Long entries: Triggered when long liquidation values spike above a set threshold.
  
• Short entries: Triggered when short liquidation values drop below a negative threshold.
  
• Optional EMA filter ensures liquidation values are significantly above/below their moving average.
  
• RSI crossover logic is used to exit trades.
  

🛠️ Usage Instructions

1. Add the Liquidations Indicator: Go to TradingView → Indicators → Search for “Liquidations” under the Financials section.
   
2. Select the Correct Chart: Use a chart from Bybit or OKX, as these exchanges provide liquidation data.
   
3. Link the Data Sources: In the strategy settings, set: Long Liquidation Data to the long liquidation series from the indicator. Short Liquidation Data to the short liquidation series.
   
4. Overlay the Strategy: You can overlay this strategy directly on the Liquidations indicator for better visual alignment.