OPEN-SOURCE SCRIPT
Updated Crypto Candle Low Leverage Tracker
Crypto Candle Low Leverage Tracker
The Candle Low Leverage Indicator is a powerful tool for long position traders seeking to manage risk effectively when using leverage. By evaluating the current candle's low price, this indicator helps traders make more informed decisions about potential entry points, stop losses, and leverage levels. The indicator matches the low of the candle to the leverage needed for liquidation, giving you a clear view of how leverage impacts your position.
This indicator provides two critical insights:
% from Candle Low: Tracks how much the price has moved from the low of the current candle. For long position traders, this percentage is crucial for understanding how far the price has come off the low and deciding whether it’s safe to enter a position or if further price action is needed.
Leverage Needed: Estimates the leverage required to reach the candle's low as the liquidation price. Long traders can use this information to adjust leverage to a safer level, ensuring they don’t overexpose themselves to liquidation risks by matching leverage to the candle’s low.
Key Features:
Customizable table positioning (top, middle, bottom).
Toggle options to show/hide % from Candle Low and Leverage Needed.
Visual indicators with color changes: green for positive change, red for negative change, and blue for leverage requirements.
Ideal for long traders, this tool helps evaluate market conditions, manage risks, and calculate the best leverage to use in long trades, ensuring that leverage aligns with the candle’s low to prevent unnecessary liquidations.
The Candle Low Leverage Indicator is a powerful tool for long position traders seeking to manage risk effectively when using leverage. By evaluating the current candle's low price, this indicator helps traders make more informed decisions about potential entry points, stop losses, and leverage levels. The indicator matches the low of the candle to the leverage needed for liquidation, giving you a clear view of how leverage impacts your position.
This indicator provides two critical insights:
% from Candle Low: Tracks how much the price has moved from the low of the current candle. For long position traders, this percentage is crucial for understanding how far the price has come off the low and deciding whether it’s safe to enter a position or if further price action is needed.
Leverage Needed: Estimates the leverage required to reach the candle's low as the liquidation price. Long traders can use this information to adjust leverage to a safer level, ensuring they don’t overexpose themselves to liquidation risks by matching leverage to the candle’s low.
Key Features:
Customizable table positioning (top, middle, bottom).
Toggle options to show/hide % from Candle Low and Leverage Needed.
Visual indicators with color changes: green for positive change, red for negative change, and blue for leverage requirements.
Ideal for long traders, this tool helps evaluate market conditions, manage risks, and calculate the best leverage to use in long trades, ensuring that leverage aligns with the candle’s low to prevent unnecessary liquidations.
Release Notes
Bug Fixed Release Notes
Bug FixedOpen-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.