OPEN-SOURCE SCRIPT
Heat Zone Relative Volatility Index 2.0
Updated
v2 of Heat Zone RVI
• Updated aesthetics and added various alerts.
• The use of temperature descriptions with these Heat Zone scripts is more so metaphoric of the interpretations from what the RVI attempts to indicate primarily.
--- Due to the additions of the Overheated and Freezing Zones, the indicator-pane scaling is a little different from the original Heat Zone RVI.
Ex.)
--- If you like the scaling the way it was on v1, you can change it back by going into the settings, opening up the style page, and unchecking/turning off the Overheated Top Line as well as the Freezing Bottom Line. Otherwise, you can leave the settings be in regards to this matter.
Ex.)
Disclaimer: I am by no means a highly skilled or professional coder/programmer. I just enjoy dabbling and tinkering every now and again.
HOPE YOU ENJOY
• Updated aesthetics and added various alerts.
• The use of temperature descriptions with these Heat Zone scripts is more so metaphoric of the interpretations from what the RVI attempts to indicate primarily.
--- Due to the additions of the Overheated and Freezing Zones, the indicator-pane scaling is a little different from the original Heat Zone RVI.
Ex.)
--- If you like the scaling the way it was on v1, you can change it back by going into the settings, opening up the style page, and unchecking/turning off the Overheated Top Line as well as the Freezing Bottom Line. Otherwise, you can leave the settings be in regards to this matter.
Ex.)
Disclaimer: I am by no means a highly skilled or professional coder/programmer. I just enjoy dabbling and tinkering every now and again.
HOPE YOU ENJOY
Release Notes
Cleaned up code and updated aesthetics and alerts a bit more.Release Notes
Version 5 updateOpen-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.
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Disclaimer
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