OPEN-SOURCE SCRIPT
[Weekly Heatmap 1h]
This script is an upgrade of the editors pick heatmap script from BobRivera990, so all credit really goes to him.
I added the most requested features from the original scripts comments and some of my personal preferences:
- I added some new metrics like Range, Winrate (probability of beeing a green candle) and Close - Open.
- I marked the current hour in the table.
- I added an hour-offset so you can match the heatmap to your favorite timezone.
- I added a lookback period (in weeks) with a start and end so you can find out if the inefficiency you discovered occured, if it is still active and so on. If you are unsure how the heatmap works, set lookback to 1 week and compare the map to the chart.
- I added white dots that visually show the lookback period (did some glitching there).
Please feel free to suggest more metrics and functionalities, I will add them in a future update.
An example how to find an inefficiency:
- "Weekday Colorizer" colors every day of the week.
- a script that marks every 16:00 candle.
- the OG-Volume heatmap by BobRivera990 that shows that volume around 15:00-17:00 is high.
- my new heatmap, that shows that the shitcoin pumps at the start of this period and dumps later.
I think some automatic buyer is getting frontrun here.
I added the most requested features from the original scripts comments and some of my personal preferences:
- I added some new metrics like Range, Winrate (probability of beeing a green candle) and Close - Open.
- I marked the current hour in the table.
- I added an hour-offset so you can match the heatmap to your favorite timezone.
- I added a lookback period (in weeks) with a start and end so you can find out if the inefficiency you discovered occured, if it is still active and so on. If you are unsure how the heatmap works, set lookback to 1 week and compare the map to the chart.
- I added white dots that visually show the lookback period (did some glitching there).
Please feel free to suggest more metrics and functionalities, I will add them in a future update.
An example how to find an inefficiency:
- "Weekday Colorizer" colors every day of the week.
- a script that marks every 16:00 candle.
- the OG-Volume heatmap by BobRivera990 that shows that volume around 15:00-17:00 is high.
- my new heatmap, that shows that the shitcoin pumps at the start of this period and dumps later.
I think some automatic buyer is getting frontrun here.
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 publications is governed by House rules. You can favorite it to use it on a chart.
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