The start of a liquidity heatmap
Data
Binance open interest
Open Interest the right way
When the open interest increases both new short and new long are opened.
Tradingview data is very limited. It is an approximation
How it works
if the open interest increases more than OI volume trigger (eg. 5 millions on the 5 minutes timeframe), we are creating a box.
The gradient of the box changes when there is multiple opening in the same price area.
Snipper
Boxes are for the candles.
The lines are for the new long and short open in a minute timeframe.
They are more precise and liquidity hunt happens often but there is a limitation on the number displayed.
Data
Binance open interest
Open Interest the right way
When the open interest increases both new short and new long are opened.
Tradingview data is very limited. It is an approximation
How it works
if the open interest increases more than OI volume trigger (eg. 5 millions on the 5 minutes timeframe), we are creating a box.
The gradient of the box changes when there is multiple opening in the same price area.
Snipper
Boxes are for the candles.
The lines are for the new long and short open in a minute timeframe.
They are more precise and liquidity hunt happens often but there is a limitation on the number displayed.