INVITE-ONLY SCRIPT
Heatmap - Support & Resistance (Volume Clusters)
Updated
Heatmap - Support & Resistance (Volume Clusters)
The Heatmap is based on the real traded volume.
The Heatmap can help identify the levels of Support and Resistance, thus validating other indicators' Oversold or Overbought conditions.
Small blocks don't have much significance. On the other hand, bigger and brighter ones would mean strong levels of Support or Resistance.
Alerts are available to be set to fire whenever the Support or Resistance levels are reached.
Related tools:
• Volume Delta
• CVD
• Counters Ratio
The Heatmap is based on the real traded volume.
The Heatmap can help identify the levels of Support and Resistance, thus validating other indicators' Oversold or Overbought conditions.
Small blocks don't have much significance. On the other hand, bigger and brighter ones would mean strong levels of Support or Resistance.
Alerts are available to be set to fire whenever the Support or Resistance levels are reached.
Related tools:
• Volume Delta
• CVD
• Counters Ratio
Release Notes
added a Noise Filter.Release Notes
added option - 5min chart intervalInvite-only script
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Author's instructions
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a Discord bot for Charting (TradingView and Heatmaps) is available
🟣 If you like any of my Invite-Only Tools, let me know
(DM or Discord for inquiries)
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