Mayfair Heatmap Volume 1.0 — Indicator by Paul_Varcoe

volumestudies oscillator heatmap rsi_divergence

This is our most popular indicator. It gives three separate signals and is best used on a 4H timeframe, to alert you to trading opportunities.

The heatmap area represents buying and selling pressure.

The white line works like a volume-driven RSI indicator, indicating overbought/oversold situations.

There is also a divergence indicator, represented by the Bear/Bull Hidden Bear/Hidden Bull markers, which show where the price action and the indicator's direction are moving in different directions.

Like all indicators, it is not perfect, and you should never rely on one indicator in any situation, but this one alerts you to opportunities, which you can then study on lower timeframes to find an entry.

eBook ON SURVIVAL: www.amazon.co.uk/dp/B0BSY763W3

THE CITY TRADERS: thecitytraders.com/?aff=9

Discord: discord.gg/Ma7SnExcWA

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 Paul_Varcoe 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

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Author's instructions

To buy this indicator, please click here: launchpass.com/mayfa...oring/heatmap-volume The link contains a video explaining the indicator in more detail.

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Warning: please read before requesting access.