This indicator allows you to assess price levels within a single candle based on volume distribution. It visually represents areas with higher volume density as more intense in color, while areas with lower volume density appear more transparent.
The indicator computes volume intensity for larger time frame candles by analyzing the prices and volumes of 1-minute time frame candles, providing valuable insights into volume patterns
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.