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Volume HeatMap

The Volume Heatmap indicator visually shows the INTENSITY of the volume taking into account the concept of standard deviation.

Purpose of the Indicator:

High volumes are common where there is a strong consensus that prices will increase. An increase in volume often occurs at the beginning of a new upward trend in the price of an asset. Some technical analysts do not rely on trend confirmations without a significant increase in volume. Low volumes usually occur when an asset is heading for a downward trend. They are characterized by indefinite expectations that occur in periods of consolidation. In this way, you can have the exact idea of ​​the intensity of the current volume compared to past volumes and act according to your strategy, having even more confidence in your trades.

Settings:

  • Possibility to adjust the intensity ranges using the standard deviation multipliers.
  • Possibility of limiting the operation of the indicator only for calculations in a time range, this feature makes it possible to exclude volumes from the beginning and end of the auction through the time restriction.
  • Choose between calculation with tick volume or actual volume.
  • Possibility to show or hide the lines of standard deviations.
  • Possibility to choose the line type of the standard deviations (dotted, dashed, continuous, etc.).

EA integration:

  • Buffer 0 - Volume
  • Buffer 1 - Volume Color (0-7)
  • Buffer 2 - Standard Deviation

ALERTS:

  • If the time restriction is ON, the volume buffer will have a ZERO VALUE for volume bars that have been restricted by the time.
  • The indicator does NOT work for brokerages that do not provide volume information.
  • The indicator is compatible with EA (Robot).
  • USE the DEMO version to check the functionality of the indicator BEFORE purchasing the PRO version.


Have you tested the Volume Heatmap DEMO?

Test the DEMO version: https://www.mql5.com/en/market/product/57780


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The Volumebyprice.com Indicator for MetaTrader 5 features Volume Profile and Market Profile TPO (Time Price Opportunity). Volume and TPO histogram bar and line charts. Volume Footprint charts. TPO letter and block marker collapsed and split structure charts. Session filtering and grouping. Static, dynamic and flexible range segmentation and compositing methods with relative and absolute visualizations. Graphical layering, positioning and styling options to suit the user's analytic and aesthetic
AW Trend Predictor MT5
AW Trading Software Limited
4.78 (58)
La combinaison des niveaux de tendance et de panne dans un seul système. Un algorithme d'indicateur avancé filtre le bruit du marché, détermine la tendance, les points d'entrée, ainsi que les niveaux de sortie possibles. Les signaux indicateurs sont enregistrés dans un module statistique, qui vous permet de sélectionner les outils les plus appropriés, montrant l'efficacité de l'historique des signaux. L'indicateur calcule les marques Take Profit et Stop Loss. Manuel et instruction ->   ICI   / v
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Volume HeatMap DEMO
Hawllysson Gardel Queiroz Almeida
The Volume Heatmap indicator visually shows the INTENSITY of the volume taking into account the concept of standard deviation. Purpose of the Indicator: High volumes are common where there is a strong consensus that prices will increase. An increase in volume often occurs at the beginning of a new upward trend in the price of an asset. Some technical analysts do not rely on trend confirmations without a significant increase in volume. Low volumes usually occur when an asset is heading for a down
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Version 1.3 2020.11.16
Correcting versioning.
Version 1.2 2020.11.16
Correcting versioning.
Version 1.1 2020.11.16
Correcting errors in English writing.