Heatmap - Support & Resistance (Volume Clusters) — Indicator by KryptoNight

supportandresistance volumestudies heatmap support volumeclusters blocks orderblocks volumedelta cvd countersratio

Heatmap - Support & Resistance (Volume Clusters)

The Heatmap is based on the real traded volume.
The Heatmap can help identify the levels of Support and Resistance, thus validating other indicators' Oversold or Overbought conditions.

Small blocks don't have much significance. On the other hand, bigger and brighter ones would mean strong levels of Support or Resistance.

Alerts are available to be set to fire whenever the Support or Resistance levels are reached.

Related tools:
• Volume Delta
• CVD
• Counters Ratio

Release Notes:

added a Noise Filter.

Release Notes:

added option - 5min chart interval

Join the Discord Server for more info about the published tools.
discord.io/CryptoWorld
a Discord bot for Charting (TradingView and Heatmaps) is available

🟣 If you like any of my Invite-Only Tools, let me know

(DM or Discord for inquiries)

Invite-only script

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 KryptoNight for more information, or follow the author's instructions below.

TradingView does not suggest paying for a script and using it unless 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 Community Scripts.

Disclaimer

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.

Want to use this script on a chart?

Warning: please read before requesting access.