OPEN-SOURCE SCRIPT
Trend Heatmap
"Trend Heatmap," is a custom technical indicator designed to measure and visualize the strength and direction of market trends by combining price action with volume data.
Instead of relying on a single moving average or momentum oscillator, it creates a custom "heatmap" value that attempts to quantify whether buying or selling pressure is currently dominant.
The script does not plot directly on your main price chart; it appears in a separate pane below the chart.
This indicator is designed to help traders identify trend exhaustion or shifts in momentum. Because it incorporates volume, it is intended to help filter out "fakeouts"—price moves that occur on low volume and are often less sustainable.
Instead of relying on a single moving average or momentum oscillator, it creates a custom "heatmap" value that attempts to quantify whether buying or selling pressure is currently dominant.
The script does not plot directly on your main price chart; it appears in a separate pane below the chart.
This indicator is designed to help traders identify trend exhaustion or shifts in momentum. Because it incorporates volume, it is intended to help filter out "fakeouts"—price moves that occur on low volume and are often less sustainable.
开源脚本
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这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。