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Updated

Heatmap Volume [xdecow]

208 720
This indicator colors the volume bars and candles according to the volume traded. The calculation of the heat map zones is done as follows:
how many standard deviations the volume are distant from the average volume?

For a better visual experience, place the borders and wicks of the candles in a neutral color.
Release Notes
Added abbreviated numbers to scale
Release Notes
Added options to show thresholds lines
Release Notes
Option to select heatmap zones as lines or backgrounds.
Small fix in the plots order.
Release Notes
temporary fix
Release Notes
Updates
  • Update to pine5
  • Extra High zone (red) added again (previously removed to work around a bug)
  • Removed oscillator mode
  • Improved options and added tooltips

Open-source script

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

For quick access on a chart, add this script to your favorites — learn more here.

xdecow
coloredcoloredbarsheatmapsatosbarVolume IndicatorvolumespreadanalysisvolumestrengthcandlesVSA

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.
coloredcoloredbarsheatmapsatosbarVolume IndicatorvolumespreadanalysisvolumestrengthcandlesVSA

Open-source script

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

For quick access on a chart, add this script to your favorites — learn more here.

xdecow

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.