Rolling Price Activity Heatmap [AlgoAlpha]

24 Jul 2024

[size]📈 Rolling Price Activity Heatmap [AlgoAlpha] 🔥[/size]

Enhance your trading experience with the Rolling Price Activity Heatmap, designed by AlgoAlpha to provide a dynamic view of price activity over a rolling lookback period. This indicator overlays a heatmap on your chart, highlighting areas of significant price activity, allowing traders to spot key price levels at a glance.

[size]🌟 Key Features[/size]

• 📊 Rolling Heatmap: Visualize historical price activity intensity over a user-defined lookback period.
  
• 🔄 Customizable Lookback: Adjust the heatmap lookback period to suit your trading style.
  
• 🌫️ Transparency Filter: Fine-tune the heatmap’s transparency to filter out less significant areas.
  
• 🎨 Color Customization: Choose colors for up, down, and highlight areas to fit your chart’s theme.
  
• 🔄 Inverse Heatmap Option: Flip the heatmap to highlight less active areas if needed.
  
  

🛠 Add the Indicator: Add the Indicator to favorites. Customize settings like lookback period, transparency filter, and colors to fit your trading style.


📊 Market Analysis: Watch for areas of high price activity indicated by the heatmap to identify potential support and resistance levels.




[size]🔧 How it Works[/size]

This script calculates the highest and lowest prices within a specified lookback period and divides the price range into 15 segments. It counts the number of candles that fall within each segment to determine areas of high and low price activity. The script then plots the heatmap on the chart, using varying levels of transparency to indicate the strength of price activity in each segment, providing a clear visual representation of where significant trading occurs.

Stay ahead of the market with this powerful visualization tool and make informed trading decisions! 📈💼

27 Jul 2024

Catatan Rilis

Added color customisation