Volume Heatmap Pro

4 hari lalu

Volume Heatmap Pro - Statistical Volume Analysis Indicator

First and foremost, credit goes to xdecow. You can find the original indicator here:

I forked this indicator to make some changes that I wanted (mainly being able to color the volume bars and candlesticks independently).

Overview:
Volume Heatmap Pro is an advanced volume analysis tool that uses statistical analysis to identify significant volume anomalies in real-time. By calculating how many standard deviations the current volume is from its moving average (Z-score), it provides a visual heatmap that instantly highlights unusual volume activity.

Key Features:

📊 Statistical Volume Analysis
- Measures volume using Z-score calculations (standard deviations from mean)
- Dynamically adapts to each instrument's unique volume profile
- Identifies statistically significant volume spikes and drops

🎨 Visual Heatmap System
- Color-coded candlesticks and volume bars based on volume intensity
- Five threshold levels: Extra High (4σ), High (2.5σ), Medium (1σ), Normal (-0.5σ), and Low
- Multiple display modes: backgrounds, lines, or both
- Customizable colors for all threshold levels

⚙️ Flexible Configuration
- Adjustable moving average and standard deviation lengths (default: 610)
- Two color modes: Heatmap (volume-only) or Up/Down (volume + direction)
- Volume bar opacity control

🔔 Smart Alerts
- Set alerts for any threshold level
- Separate alerts for up/down volume bars
- Monitor unusual volume activity across multiple instruments

Use Cases:
- Identify institutional activity and large player participation
- Spot potential breakouts or reversals with volume confirmation
- Monitor volume climax and exhaustion patterns
- Analyze volume trends across different timeframes
- Validate price movements with statistical volume analysis

Perfect For:
Day traders, swing traders, VPA traders, and investors who want to add visual confirmation to their volume analysis and quickly identify when "smart money" is active in the market.

4 hari lalu

Nota Keluaran

First and foremost, credit goes to xdecow. You can find the original indicator here.

I copied his indicator to make some changes that I wanted (mainly being able to color the volume bars and candlesticks independently).

Overview:
Volume Heatmap Pro is an advanced volume analysis tool that uses statistical analysis to identify significant volume anomalies in real-time. By calculating how many standard deviations the current volume is from its moving average (Z-score), it provides a visual heatmap that instantly highlights unusual volume activity.

🎨 Visual Heatmap System
- Color-coded candlesticks and volume bars based on volume intensity
- Five threshold levels: Extra High (4σ), High (2.5σ), Medium (1σ), Normal (-0.5σ), and Low
- Multiple display modes: backgrounds, lines, or both
- Customizable colors for all threshold levels

🔔 Smart Alerts
- Set alerts for any threshold level
- Separate alerts for up/down volume bars
- Monitor unusual volume activity across multiple instruments

Use Cases:
- Identify institutional activity and large player participation
- Spot potential breakouts or reversals with volume confirmation
- Monitor volume climax and exhaustion patterns
- Analyze volume trends across different timeframes