OPEN-SOURCE SCRIPT
已更新 Volume Distribution (Heat Map)
This Pine Script indicator, "Volume Distribution (Heat Map)" is designed to visualize the distribution of volume across different price levels over a specified lookback period. Here's a detailed breakdown of its functionality and features:
Indicator Overview
User Inputs
Logic
The script iterates through the number of bins, calculates the volume for each bin between highest and lowest prices for length period, and updates the corresponding bin in the freq array if the current bar is allowed.
If the current bar is the last bar, the script plots lines and labels based on the volume distribution.
Heatmap Lines:
Solid lines colored based on the volume in each bin, using a gradient from no color to the main color based on amount of volume.
Highest Volume Line:
A dashed red line indicating the bin with the highest volume.
Labels:
Labels for the highest and lowest prices and the volume at the highest volume bin.
Plots
Highest Price Plot: Plots the highest price within the lookback period if the current bar is within the allowed range.
Lowest Price Plot: Plots the lowest price within the lookback period if the current bar is within the allowed range.
Summary
This indicator provides a visual representation of where trading volume is concentrated across different price levels, forming a heatmap. The highest volume level is highlighted with a dashed red line and a label indicating the volume at that level. This can help traders identify significant price levels where trading activity is clustered.
The "Volume Distribution (Heat Map)" indicator is a valuable tool for traders looking to enhance their technical analysis by incorporating volume data into their price charts. It provides a clear and visual representation of where market participants are most active, aiding in better-informed trading decisions.
Indicator Overview
User Inputs
- Length: The lookback period for analysis, defaulting to 500 bars.
- Source: The price source used for calculations (default is the close price).
- Color Intensity: Adjusts the intensity of the heatmap colors, with a default value of 25.
- Lines Width: The width of the plotted lines, with a default value of 10.
- Main Color: The main color used for the heatmap (default is lime).
Logic
The script iterates through the number of bins, calculates the volume for each bin between highest and lowest prices for length period, and updates the corresponding bin in the freq array if the current bar is allowed.
If the current bar is the last bar, the script plots lines and labels based on the volume distribution.
Heatmap Lines:
Solid lines colored based on the volume in each bin, using a gradient from no color to the main color based on amount of volume.
Highest Volume Line:
A dashed red line indicating the bin with the highest volume.
Labels:
Labels for the highest and lowest prices and the volume at the highest volume bin.
Plots
Highest Price Plot: Plots the highest price within the lookback period if the current bar is within the allowed range.
Lowest Price Plot: Plots the lowest price within the lookback period if the current bar is within the allowed range.
Summary
This indicator provides a visual representation of where trading volume is concentrated across different price levels, forming a heatmap. The highest volume level is highlighted with a dashed red line and a label indicating the volume at that level. This can help traders identify significant price levels where trading activity is clustered.
The "Volume Distribution (Heat Map)" indicator is a valuable tool for traders looking to enhance their technical analysis by incorporating volume data into their price charts. It provides a clear and visual representation of where market participants are most active, aiding in better-informed trading decisions.
發行說明
Fixed Volume Calculation發行說明
Added Number Of Bins to the User Inputs發行說明
Updated Volume Calculated Logic發行說明
- Remastered Logic and Visual of indicator.- Added High and Low Levels
開源腳本
本著TradingView的真正精神，此腳本的創建者將其開源，以便交易者可以查看和驗證其功能。向作者致敬！雖然您可以免費使用它，但請記住，重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
開源腳本
本著TradingView的真正精神，此腳本的創建者將其開源，以便交易者可以查看和驗證其功能。向作者致敬！雖然您可以免費使用它，但請記住，重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。