OPEN-SOURCE SCRIPT
Updated StO Price Action - Trend Heatmap
Short Summary
- Displays multi-timeframe market bias as a color heatmap table
- Aggregates bullish and bearish candles per timeframe
- Visual intensity reflects directional dominance
Full Description
Overview
- Analyzes up to 10 selectable timeframes simultaneously
- Counts bullish and bearish candles per timeframe
- Evaluates a configurable number of historical candles
- More bullish candles increase green intensity
- More bearish candles increase red intensity
- Neutral or mixed conditions appear visually balanced
- Outputs results in a compact on-chart table
Method
- Designed to visualize multi-timeframe alignment
- Provides instant directional context across intraday to macro levels
- Uses candle color logic as momentum proxy
- Helps identify trend stacking or timeframe divergence
- Clean table layout with adjustable screen position
Timeframe Structure
- Supports custom selection of up to 10 timeframes
- Intraday and higher timeframes can be mixed freely
- Each timeframe can be enabled or disabled individually
- Works with built-in available timeframes
Usage
- Select which timeframes to include
- Set how many candles to evaluate per timeframe
- Position the table on the chart as preferred
- Use strong color clustering as confirmation tool
- Watch for mixed colors as early warning of conflict
Notes
- Does not predict reversals, only shows directional dominance
- Particularly useful for top-down analysis
- Designed as bias confirmation, not as entry trigger
- Displays multi-timeframe market bias as a color heatmap table
- Aggregates bullish and bearish candles per timeframe
- Visual intensity reflects directional dominance
Full Description
Overview
- Analyzes up to 10 selectable timeframes simultaneously
- Counts bullish and bearish candles per timeframe
- Evaluates a configurable number of historical candles
- More bullish candles increase green intensity
- More bearish candles increase red intensity
- Neutral or mixed conditions appear visually balanced
- Outputs results in a compact on-chart table
Method
- Designed to visualize multi-timeframe alignment
- Provides instant directional context across intraday to macro levels
- Uses candle color logic as momentum proxy
- Helps identify trend stacking or timeframe divergence
- Clean table layout with adjustable screen position
Timeframe Structure
- Supports custom selection of up to 10 timeframes
- Intraday and higher timeframes can be mixed freely
- Each timeframe can be enabled or disabled individually
- Works with built-in available timeframes
Usage
- Select which timeframes to include
- Set how many candles to evaluate per timeframe
- Position the table on the chart as preferred
- Use strong color clustering as confirmation tool
- Watch for mixed colors as early warning of conflict
Notes
- Does not predict reversals, only shows directional dominance
- Particularly useful for top-down analysis
- Designed as bias confirmation, not as entry trigger
Release Notes
Minor ChangesRelease Notes
Minor ChangesOpen-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.