OPEN-SOURCE SCRIPT

Margin buying pressure levels

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Predicts local tops and resistance levels. Simply enter a strong support level (Settings > Liquidation Support Level), and this indicator shows you levels where margin buying pressure is likely to drop off. This is based off of the assumption that leveraged traders will likely want their liquidation point protected below a strong support level.

2x - blue
3x - green
4x - yellow
5x - orange
10x - red
Nota Keluaran
Seems like a lot of users don't realize they need to enter a base support level before the pressure levels can be drawn. Added a message to help clarify, along with some tips for choosing a support level and using the tool (new table functionality is nice!)
Nota Keluaran
Update to replace script chart.
Nota Keluaran
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
Nota Keluaran
Added custom plot transparency
Support and Resistance

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