PROTECTED SOURCE SCRIPT

Bybit Calculator Liquidation levels

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This script uses the bybit liquidation calculator method to identify liquidation levels.

Given an entry price and a leverage, the calculator will give you a liquidation price. Those liquidation prices are displayed by this script.
It saves some time as we avoid asking the calculator the liquidation prices for the main leverage multipliers once.

These levels could be used to identify liquidations wicks. As we approach levels, traders that don't use stop loss will be liquidated and create a larger move through these levels. I personally set the entry price to be a large volume node and that seems to somewhat predict interesting levels to watch for (but use at your own risk)

Example:
- pair: BTC/USDT
- margin mode: isolated
- position: long
- leverage: x50
- entry price: 33640
- quantity: irrelevant for isolated
-> the calculator gives a liquidation price of 33135.4 USDT, this level is displayed below entry price with a x50 annotation



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