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HeatCandle - AOC Indicator
✨ Features
📊 Heat-Map Candles: Colors candles based on the price’s deviation from a Triangular Moving Average (TMA), creating a heat-map effect to visualize price zones.
📏 Zone-Based Coloring: Assigns colors to 20 distinct zones (Z0 to Z19) based on the percentage distance from the TMA, with customizable thresholds.
⚙️ Timeframe-Specific Zones: Tailored zone thresholds for 1-minute, 5-minute, 15-minute, 30-minute, 1-hour, and 4-hour timeframes for precise analysis.
🎨 Customizable Visuals: Gradient color scheme from deep blue (oversold) to red (overbought) for intuitive price movement interpretation.
🛠️ Adjustable Parameters: Configure TMA length and threshold multiplier to fine-tune sensitivity.
🛠️ How to Use
Add to Chart: Apply the "HeatCandle - AOC" indicator on TradingView.
Configure Inputs:
TMA Length: Set the period for the Triangular Moving Average (default: 150).
Threshold Multiplier: Adjust the multiplier to scale zone sensitivity (default: 1.0).
Analyze: Observe colored candles on the chart, where colors indicate the price’s deviation from the TMA:
Dark blue (Z0) indicates strong oversold conditions.
Red (Z19) signals strong overbought conditions.
Track Trends: Use the color zones to identify potential reversals, breakouts, or trend strength based on price distance from the TMA.
🎯 Why Use It?
Visual Clarity: The heat-map candle coloring simplifies identifying overbought/oversold conditions at a glance.
Timeframe Flexibility: Zone thresholds adapt to the selected timeframe, ensuring relevance across short and long-term trading.
Customizable Sensitivity: Adjust TMA length and multiplier to match your trading style or market conditions.
Versatile Analysis: Ideal for scalping, swing trading, or trend analysis when combined with other indicators.
📝 Notes
Ensure sufficient historical data for accurate TMA calculations, especially with longer lengths.
The indicator is most effective on volatile markets where price deviations are significant.
Pair with momentum indicators (e.g., RSI, MACD) or support/resistance levels for enhanced trading strategies.
Happy trading! 🚀📈
✨ Features
📊 Heat-Map Candles: Colors candles based on the price’s deviation from a Triangular Moving Average (TMA), creating a heat-map effect to visualize price zones.
📏 Zone-Based Coloring: Assigns colors to 20 distinct zones (Z0 to Z19) based on the percentage distance from the TMA, with customizable thresholds.
⚙️ Timeframe-Specific Zones: Tailored zone thresholds for 1-minute, 5-minute, 15-minute, 30-minute, 1-hour, and 4-hour timeframes for precise analysis.
🎨 Customizable Visuals: Gradient color scheme from deep blue (oversold) to red (overbought) for intuitive price movement interpretation.
🛠️ Adjustable Parameters: Configure TMA length and threshold multiplier to fine-tune sensitivity.
🛠️ How to Use
Add to Chart: Apply the "HeatCandle - AOC" indicator on TradingView.
Configure Inputs:
TMA Length: Set the period for the Triangular Moving Average (default: 150).
Threshold Multiplier: Adjust the multiplier to scale zone sensitivity (default: 1.0).
Analyze: Observe colored candles on the chart, where colors indicate the price’s deviation from the TMA:
Dark blue (Z0) indicates strong oversold conditions.
Red (Z19) signals strong overbought conditions.
Track Trends: Use the color zones to identify potential reversals, breakouts, or trend strength based on price distance from the TMA.
🎯 Why Use It?
Visual Clarity: The heat-map candle coloring simplifies identifying overbought/oversold conditions at a glance.
Timeframe Flexibility: Zone thresholds adapt to the selected timeframe, ensuring relevance across short and long-term trading.
Customizable Sensitivity: Adjust TMA length and multiplier to match your trading style or market conditions.
Versatile Analysis: Ideal for scalping, swing trading, or trend analysis when combined with other indicators.
📝 Notes
Ensure sufficient historical data for accurate TMA calculations, especially with longer lengths.
The indicator is most effective on volatile markets where price deviations are significant.
Pair with momentum indicators (e.g., RSI, MACD) or support/resistance levels for enhanced trading strategies.
Happy trading! 🚀📈
Nota Keluaran
V2Skrip sumber terbuka
Dalam semangat sebenar TradingView, pencipta skrip ini telah menjadikannya sumber terbuka supaya pedagang dapat menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupun anda boleh menggunakannya secara percuma, ingat bahawa menerbitkan semula kod ini adalah tertakluk kepada Peraturan Dalaman kami.
A lot of gifts with my links! 🎁
(Support me!)
(Support me!)
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat sebenar TradingView, pencipta skrip ini telah menjadikannya sumber terbuka supaya pedagang dapat menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupun anda boleh menggunakannya secara percuma, ingat bahawa menerbitkan semula kod ini adalah tertakluk kepada Peraturan Dalaman kami.
A lot of gifts with my links! 🎁
(Support me!)
(Support me!)
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.