OPEN-SOURCE SCRIPT
Aggiornato

Heatmap w/ ATR

267
This script combines Heatmap Volume with a scaled ATR (Average True Range) overlay for dynamic market insight. Volume bars are color-coded based on how many standard deviations they deviate from a moving average, helping identify spikes, absorption, or anomalies.

The ATR is scaled relative to the maximum volume observed to maintain visual alignment in the same pane. This allows traders to compare price volatility (ATR) against real market activity (volume) in one view.

Use this overlay to:

Spot high-volatility, high-conviction moves (rising ATR + red/orange bars)

Detect low-volume fakeouts (high ATR, cool-colored bars)

Identify compression zones before expansion (low ATR + normal volume)
Note di rilascio
Clean up and adjusted default colors.
Note di rilascio
Default color fix.
Note di rilascio
Cover update

Declinazione di responsabilità

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