OPEN-SOURCE SCRIPT
Advanced VRP Heatmap Scanner [Volatility] (RP)
A sophisticated Volatility Range Profile (VRP) indicator that combines volatility analysis with heatmap visualization. This advanced tool tracks price distribution and volatility patterns across multiple levels, providing detailed insights into market volatility structure.
Key Features:
- Dynamic Volatility Profiling
- Real-time volatility distribution analysis
- High/Low volatility zone identification
- Multi-level price distribution tracking
- Sharp transition detection
- Advanced Heatmap Visualization
- Color-coded volatility intensity
- Peak and dip visualization
- Customizable color schemes
- Optional heatmap scale display
- Comprehensive Analysis Tools
- Volatility dips and peaks detection
- Distribution line tracking
- Sharp transition points
- ATR-based volatility measurement
Visual Components:
✓ Volatility Profile Display
✓ Dynamic Heatmap
✓ Distribution Line
✓ Volatility Dip Lines
✓ Volatility Peak Lines
✓ Sharp Transition Markers
✓ Range Labels
Customization Options:
- Lookback period (up to 5000 bars)
- Number of profile rows (up to 150)
- Profile width and positioning
- Color schemes for all components
- Opacity levels for visualization
- Threshold settings for signals
Perfect For:
- Volatility breakout trading
- Range identification
- Support/Resistance analysis
- Market structure analysis
- Volume profile trading
- Trend reversal detection
- Swing trading setups
This indicator helps traders identify key volatility zones, potential reversal points, and significant market structure levels through advanced visualization techniques and comprehensive volatility analysis.
Key Features:
- Dynamic Volatility Profiling
- Real-time volatility distribution analysis
- High/Low volatility zone identification
- Multi-level price distribution tracking
- Sharp transition detection
- Advanced Heatmap Visualization
- Color-coded volatility intensity
- Peak and dip visualization
- Customizable color schemes
- Optional heatmap scale display
- Comprehensive Analysis Tools
- Volatility dips and peaks detection
- Distribution line tracking
- Sharp transition points
- ATR-based volatility measurement
Visual Components:
✓ Volatility Profile Display
✓ Dynamic Heatmap
✓ Distribution Line
✓ Volatility Dip Lines
✓ Volatility Peak Lines
✓ Sharp Transition Markers
✓ Range Labels
Customization Options:
- Lookback period (up to 5000 bars)
- Number of profile rows (up to 150)
- Profile width and positioning
- Color schemes for all components
- Opacity levels for visualization
- Threshold settings for signals
Perfect For:
- Volatility breakout trading
- Range identification
- Support/Resistance analysis
- Market structure analysis
- Volume profile trading
- Trend reversal detection
- Swing trading setups
This indicator helps traders identify key volatility zones, potential reversal points, and significant market structure levels through advanced visualization techniques and comprehensive volatility analysis.
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 publication is governed by House rules. You can favorite it to use it on a chart.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.