OPEN-SOURCE SCRIPT
Hot zones Profile [Cartel Console]
Overview
The Hot Zones Profile [Cartel Console] is a comprehensive market analysis tool designed to identify institutional interest areas through three primary lenses: Time-based Session Ranges, Volume Distribution (LVNs), and Delta-based Volume Profiles.
By combining session-specific volatility with historical volume gaps, this indicator highlights "Hot Zones" where price has historically moved quickly or is expected to find significant reaction levels.
Key Features
1. NY Session & Volatility Zones
The script tracks a specific user-defined time window (defaulting to the New York session transition). Once the session range is established, it projects a series of "Heatmap" levels based on standard deviations and range multipliers.
Bullish/Bearish Zones: Areas projected above and below the session range to identify potential overextension or reversal points.
Customization: Users can define the session time, timezone, and the extension length of these zones.
2. Heatmap Low Volume Nodes (LVN)
Market Profile theory suggests that Low Volume Nodes represent areas where price moved rapidly, often indicating a lack of auctioning or "unfair" prices.
Dynamic Detection: The script analyzes daily volume distribution to pinpoint these gaps.
Mitigation Logic: Zones can be set to "Fade" once price has re-tested and traded through them, helping traders identify which levels are still "fresh" and which have been mitigated.
Aesthetic Heatmaps: Uses glowing box visuals to represent the strength and location of these nodes.
3. Right-Side Delta Volume Profile
To provide a clear view of the current auction, the script plots a high-resolution Volume Profile on the right side of the chart.
Buy/Sell Delta: Unlike standard profiles, this highlights the "Stacked Delta," showing the ratio of buying vs. selling volume at every price level within the lookback period.
Volume Labels: Displays precise volume metrics (in Thousands) for high-activity nodes to assist in identifying Point of Control (POC) areas.
How to Use
Supply & Demand: Use the LVN zones as potential "magnets" or "rejection" zones where liquidity may be resting.
Session Bias: Use the NY Session boxes to define the intraday range and look for "Hot Zone" extensions for potential trend exhaustion.
Volume Confirmation: Observe the Right-Side Profile to see if price is currently trading in high-volume areas (balance) or low-volume areas (imbalance).
Settings
Session Time: Set your preferred anchor time (defaults to NY).
LVN Strength: Adjust how "quiet" a price level must be to qualify as a Low Volume Node.
VP Offset: Move the profile further right to clear space for price action.
Disclaimer:
This indicator is a tool for technical analysis and does not constitute financial advice. Always use proper risk management.
The Hot Zones Profile [Cartel Console] is a comprehensive market analysis tool designed to identify institutional interest areas through three primary lenses: Time-based Session Ranges, Volume Distribution (LVNs), and Delta-based Volume Profiles.
By combining session-specific volatility with historical volume gaps, this indicator highlights "Hot Zones" where price has historically moved quickly or is expected to find significant reaction levels.
Key Features
1. NY Session & Volatility Zones
The script tracks a specific user-defined time window (defaulting to the New York session transition). Once the session range is established, it projects a series of "Heatmap" levels based on standard deviations and range multipliers.
Bullish/Bearish Zones: Areas projected above and below the session range to identify potential overextension or reversal points.
Customization: Users can define the session time, timezone, and the extension length of these zones.
2. Heatmap Low Volume Nodes (LVN)
Market Profile theory suggests that Low Volume Nodes represent areas where price moved rapidly, often indicating a lack of auctioning or "unfair" prices.
Dynamic Detection: The script analyzes daily volume distribution to pinpoint these gaps.
Mitigation Logic: Zones can be set to "Fade" once price has re-tested and traded through them, helping traders identify which levels are still "fresh" and which have been mitigated.
Aesthetic Heatmaps: Uses glowing box visuals to represent the strength and location of these nodes.
3. Right-Side Delta Volume Profile
To provide a clear view of the current auction, the script plots a high-resolution Volume Profile on the right side of the chart.
Buy/Sell Delta: Unlike standard profiles, this highlights the "Stacked Delta," showing the ratio of buying vs. selling volume at every price level within the lookback period.
Volume Labels: Displays precise volume metrics (in Thousands) for high-activity nodes to assist in identifying Point of Control (POC) areas.
How to Use
Supply & Demand: Use the LVN zones as potential "magnets" or "rejection" zones where liquidity may be resting.
Session Bias: Use the NY Session boxes to define the intraday range and look for "Hot Zone" extensions for potential trend exhaustion.
Volume Confirmation: Observe the Right-Side Profile to see if price is currently trading in high-volume areas (balance) or low-volume areas (imbalance).
Settings
Session Time: Set your preferred anchor time (defaults to NY).
LVN Strength: Adjust how "quiet" a price level must be to qualify as a Low Volume Node.
VP Offset: Move the profile further right to clear space for price action.
Disclaimer:
This indicator is a tool for technical analysis and does not constitute financial advice. Always use proper risk management.
Skrypt open-source
W zgodzie z duchem TradingView twórca tego skryptu udostępnił go jako open-source, aby użytkownicy mogli przejrzeć i zweryfikować jego działanie. Ukłony dla autora. Korzystanie jest bezpłatne, jednak ponowna publikacja kodu podlega naszym Zasadom serwisu.
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.
Skrypt open-source
W zgodzie z duchem TradingView twórca tego skryptu udostępnił go jako open-source, aby użytkownicy mogli przejrzeć i zweryfikować jego działanie. Ukłony dla autora. Korzystanie jest bezpłatne, jednak ponowna publikacja kodu podlega naszym Zasadom serwisu.
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.