Volume Heatmap Oscillator (RSI-Normalized + M/B Format)

Dec 7

Volume Heatmap Oscillator transforms raw volume into a 1–100 normalized strength scale, clearly showing where real volume enters the market instead of just displaying basic volume bars.

As seen in the example above, the color-based heatmap structure allows you to clearly identify:

Liquidity inflows

Early phase of price expansion

Aggressive buy/sell zones

Volume is tracked not only visually, but also numerically in M/B (Million / Billion) format, so you don’t rely on colors alone — you see the real size of participation.

Recommended Settings:

Normalization Length: 200

Smoothing: 60

M/B Labels: Optional

This tool is not designed as a standalone signal generator — it is built as a volume confirmation layer to strengthen your existing strategy.

Dec 16

Release Notes

🔄 What’s New in This Version

Volume Heatmap Oscillator moves beyond traditional volume bars by transforming raw volume into statistical strength, allowing you to clearly see where real participation enters the market.

✅ Newly Added Modules

1–100 Normalized Volume Scale (RSI-Based):
Volume is measured relative to its own historical behavior instead of using raw values.
→ This makes genuine market participation immediately visible.

Color-Based Heatmap Structure:

Cool colors → low participation

Warm colors → aggressive volume inflows
Liquidity injections and early expansion zones stand out clearly.

Volume Exhaustion Module (Non-Repaint):
Detects sharp volume drop-offs after extreme volume spikes.
→ Provides early warnings for distribution, impulse exhaustion, and fake continuations.

Volume Divergence Module (Non-Repaint):
Pivot-based and calculated only on confirmed bars.

Price Higher High + Volume Lower High → Bearish Volume Divergence

Price Lower Low + Volume Higher Low → Bullish Volume Divergence

M / B (Million / Billion) Volume Display:
Volume is tracked numerically in readable units, not just visually.
You see the true size of participation, not just colors.

⚙️ Recommended Default Settings

(The following settings exactly match the structure shown in the example image)

🔧 General

Normalization Length (bars): 200

Smoothing: 60

Show M/B Labels: Optional

🔥 Volume Exhaustion

Exhaustion Volume Level: 75

Exhaustion Drop Strength: 5

Show Exhaustion Signals: Enabled

📉 Volume Divergence

Enable Volume Divergence: Enabled

Pivot Length: 20

⚠️ Important Note

This tool:

❌ Does NOT generate buy/sell signals

❌ Is NOT a standalone trading system

What it does:
It adds volume confirmation, early warnings, and context to your existing strategy.

Best results are achieved when combined with:

Trend structure

Market structure (BOS / CHOCH)

RSI, momentum, or price-action-based systems