Volumeheatmap — Indicators and Strategies

Order Blocks with Volume Heatmap & Clusters - VK Trading Order Blocks with Volume Heatmap & Clusters - VK Trading This script is designed to identify and highlight Order Blocks, a key concept in institutional trading, and combines it with powerful tools like volume heatmaps and accumulation clusters for enhanced market analysis. Suitable for traders of all experience levels, this script provides a clear and customizable visualization to help identify significant market zones effectively. What Does This Script Do? Order Block Identification: Highlights bullish and bearish order blocks directly on the chart, making it easier to spot key supply and demand zones. Volume Heatmap: A dynamic heatmap adjusts colors based on relative volume, allowing you to quickly identify areas of heightened activity. Institutional Accumulation Clusters: Zones of potential institutional accumulation are calculated using a combination of ATR (Average True Range), standardized volume, and RSI (Relative Strength Index). Automatic Clearing: Invalidated order blocks are automatically removed, ensuring your charts remain clean and focused. Key Features Customizable Sensitivity: Adjust the script’s sensitivity to tailor order block detection to different market conditions and strategies. Advanced Volume Display Options: Toggle volume visibility on or off. Customize the position, size, and color of volume labels for better integration with your chart's design. Dynamic Heatmap Intensity: Fine-tune the heatmap’s intensity and color to highlight areas of interest based on trading volume. Dual Order Block Detection: Uses two independent detection settings to analyze the market from multiple perspectives. Visual Alerts: Automatically draws key level lines based on detected order blocks for better clarity. User Benefits: Clear Market Analysis: Helps pinpoint institutional activity and key levels with minimal effort. Increased Efficiency: Automates plotting and analysis, allowing you to focus on decision-making. Versatile Compatibility: Complements strategies like Smart Money Concepts, Wyckoff, and Price Action approaches. Disclaimer This script is intended as an analytical and educational tool. It does not guarantee specific outcomes or eliminate trading risks. Use this tool at your own discretion and always practice proper risk management.

Volume Profile Heatmap [UAlgo]The "Volume Profile Heatmap " indicator is a tool designed to visualize the distribution of trading volume across different price levels over a specified period. This heatmap-style indicator helps traders identify significant price levels where a high volume of trading activity has occurred, which can be crucial for making informed trading decisions. The indicator divides the price range into multiple levels and calculates the volume of trades occurring at each level, presenting this data in a visually intuitive manner using a gradient of colors. By analyzing the volume profile, traders can gain insights into areas of support and resistance, as well as the Point of Control (POC)—the price level with the highest traded volume. This information is valuable in assessing market sentiment, potential reversal points, and key areas of interest where price action might consolidate or react. 🔶 Key Features Customizable Analysis Period: The indicator allows users to specify the analysis period, defining the historical range over which the volume profile is calculated. Adjustable Number of Levels: Users can set the number of price levels to divide the price range, offering flexibility in the granularity of the volume analysis. Color-Coded Heatmap: The indicator uses a gradient color scheme to visually represent volume intensity at each price level. Higher volume areas are shaded differently than lower volume areas, making it easy to spot significant price levels. Opacity Control: Users can adjust the opacity of the volume boxes, enabling a clearer or more subtle visualization according to their preferences. Point of Control (POC) Display: The indicator highlights the Point of Control, the price level with the highest traded volume, with a distinct line on the chart, allowing traders to easily identify this critical level. 🔶 Disclaimer Use with Caution: This indicator is provided for educational and informational purposes only and should not be considered as financial advice. Users should exercise caution and perform their own analysis before making trading decisions based on the indicator's signals. Not Financial Advice: The information provided by this indicator does not constitute financial advice, and the creator (UAlgo) shall not be held responsible for any trading losses incurred as a result of using this indicator. Backtesting Recommended: Traders are encouraged to backtest the indicator thoroughly on historical data before using it in live trading to assess its performance and suitability for their trading strategies. Risk Management: Trading involves inherent risks, and users should implement proper risk management strategies, including but not limited to stop-loss orders and position sizing, to mitigate potential losses. No Guarantees: The accuracy and reliability of the indicator's signals cannot be guaranteed, as they are based on historical price data and past performance may not be indicative of future results.

Volume Distribution (Heat Map)This Pine Script indicator, "Volume Distribution (Heat Map)" is designed to visualize the distribution of volume across different price levels over a specified lookback period. Here's a detailed breakdown of its functionality and features: Indicator Overview User Inputs Length: The lookback period for analysis, defaulting to 500 bars. Source: The price source used for calculations (default is the close price). Color Intensity: Adjusts the intensity of the heatmap colors, with a default value of 25. Lines Width: The width of the plotted lines, with a default value of 10. Main Color: The main color used for the heatmap (default is lime). Logic The script iterates through the number of bins, calculates the volume for each bin between highest and lowest prices for length period, and updates the corresponding bin in the freq array if the current bar is allowed. If the current bar is the last bar, the script plots lines and labels based on the volume distribution. Heatmap Lines: Solid lines colored based on the volume in each bin, using a gradient from no color to the main color based on amount of volume. Highest Volume Line: A dashed red line indicating the bin with the highest volume. Labels: Labels for the highest and lowest prices and the volume at the highest volume bin. Plots Highest Price Plot: Plots the highest price within the lookback period if the current bar is within the allowed range. Lowest Price Plot: Plots the lowest price within the lookback period if the current bar is within the allowed range. Summary This indicator provides a visual representation of where trading volume is concentrated across different price levels, forming a heatmap. The highest volume level is highlighted with a dashed red line and a label indicating the volume at that level. This can help traders identify significant price levels where trading activity is clustered. The "Volume Distribution (Heat Map)" indicator is a valuable tool for traders looking to enhance their technical analysis by incorporating volume data into their price charts. It provides a clear and visual representation of where market participants are most active, aiding in better-informed trading decisions.

Volume Heatmap 2024 | NXT2017 Christmas Edition Hi big players around the world, I wish you a merry christmas time. Today I have a nice present for you: a new volume heatmap indicator for free using! HISTORY My first volume heatmap project got a lot of feedback and a big demand. You can find it here: In this time pinescript version 4 was the newest one and I worked the first time with arrays. Today we have pinescript version 5 and some new features. This is why I tried again with matrix function and the results are better than I expected. HOW IT WORKS The indicator calculates similar like the volume profile. It looks back and every volume where the close price is on the same row area, the volume will cumulated. How much rows the new chart view is showing, you can choose manually. The mind behind this is to find high volume levels, where high volume catch the price in a range or get function as support/resistance line. PICTURES I hope it helps for your trading. You are welcome to give some comments. Merry christmas and best regards NXT2017

VolumeHeatmap | Experimental Version of Marketorders Matrix Dear all, I wish a Happy New Year! The last time I tried to developing a Volume Heatmap, that the Marketorders made. With the currently version I achieve my skills for that and I present it for everyone - some bugs I cannot solve today. It also possible to see the POC - also the dynamic of volume developing: The background for that is to find the pricelevel with the most volume - this is for valuetrading always the target. If someone find it useful or have question - let me know! Kind regards NXT2017