Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
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Margin Sniper uses 2 levels for overbought and oversold to overlay possible trades on the chart. You can adjust its sensitivity by either increasing or decreasing the overbought and oversold threshold numbers. It must meet one of these levels and the short-term trend has to change direction for it to create the alert and entry on the overlay.
Increasing the overbought input makes the trigger more precise, but it may not trigger as often. Decreasing the oversold input will do the same for that trigger.
You can adjust the alerts and the overlaid position suggestions to match your preferred leverage amount.
To set an alert, click "add alert", then select this script. Choose one of the oversold or overbought alerts and enter your message.
I primarily use this on BitMEX with BTC, but you can use it with other exchanges and coins. You may have to adjust the inputs depending on the coin and the timeframe you use. Do not blindly follow this to make purchases. This is just an alert system to notify you of possible trades.
Thanks for sharing looks like a very useful indicator, quick question, does this indicator repaints or is it a fixed one? thanks!
scalpingtrk003
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Its repainting?
d14b0ll0s
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At 10x? Really? Nice way to get 'rekt'. It's a nice idea but flawed. It gave a 10x short on 27 June on daily candle, after which the price pumped 11%, which would've led to liquidation on this margin. Such an indicator needs to take different factors into account, including BitMEX futures premium and funding rate.
Gunslinger2005
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@d14b0ll0s, I am sure the time frame and stoploss is a factor