This indicator helps to spot when the "Big Player" comes into the market, neither the collection stage nor the rally take-off stage.
No single indicator will work effectively by itself. Hence, we developed this unique "Heat Volume" indicator to compliment the analysis.
GREEN BAR: greater than the previous day .
GRAY BAR: lesser than the previous day .
RED BAR: Presence of "Big Player" in the market.
YELLOW-BACKGROUND: Strong & active market trade sentiment in .
GREEN-BACKGROUND: Strong & active market trade sentiment in .
WHITE-BACKGROUND: Strong & active market trade sentiment in .
ORANGE-BACKGROUND: Strong & active market trade sentiment in Hourly & Minutes timeframe.
Watch on the "Red" bar on the critical point. E.g. trend reversal, gap-up , resistance/price/box breakout.
This signaled the "Big Players" in the trade to take-off the rally.
Watch on the "Color-background" signaled of the strong & active market trade sentiment in the respective timeframe.
When "No-color Background" (Black) Stand aside when market trade sentiment is low and quiet.
-This indicator is provided as best as it's an effort for the purpose of studying in the perspective.
-This is not and never a trading suggestion of buy/sell call or decision under any circumstances.
-This indicator is for the member's and subscriber's circulation only. *If you are interested in the indicator, kindly contact us for the Free-Trial.
-Good luck & Happy Charting!
Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact Simply_Is_Beauty for more information, or follow the author's instructions below.
TradingView does not suggest paying for a script and using it until you 100% trust its author and understand how the script works. In many cases you can find a good open-source alternative for free in our Public Library.
Interested user, please contact or PM us to get Free-trial access.
Warning: please read before requesting access.