xdecow

Heatmap Volume [xdecow]

xdecow Updated   
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
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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