OI Profile Composite
This indicator is a compliment tool to the OI Profile Remastered, the indicator works by allowing the user to choose:
-Start Time
-End Time
On load so the profile is built as a composite of this data.
the indicator provides the opportunity to show: Delta, Positive and negative OI in separation,
as well as calculate the High Value Nodes ( HVN ) + Liquidations independently of the OI shown.
Users are granted options such as
HVN - Auto detects areas of High Open Interest
Liquidations - Provides points of maximum likely liquidation areas
Extend Liquidations
Liquidation levels can also optionally be chosen to be extended, this may be useful e.g.
if a user wishes to see all positions built during expansion from swing low to swing high, we can gain insight into where participants have taken trades,
this will give us areas of potential liquidations for these traders and then extend these points beyond the swing high. This prevents more data being injested,
aside from the data in this movement, and the levels can be used for future trades accounting for historical liq generated data. Very useful feature of the composite creation.
Users can select their margin manually else the Auto settings for margin will do its job based on the chart selected, perp vs usdt.
All settings are set to defaults that I currently use for BTC trading.
Liquidation points can be useful for Targets when taking a trade.
HVN /OI. Can be used as S/R dynamically as well as the OI develops throughout the session.