this indicator maps volume as brightness over an SMA. the brightness then fades over time.
It draws 30 bands, so you will need to load multiple instances to get a large picture.
Configure the settings, then copy and paste the indicator, modifying only the vertOffset attribute each time
Patience, bruh. This takes a long time load. Chrome runs it faster...
Hello traders and aspiring Pinescripters
You might remember this script Supertrend-Heatmap-Multi-timeframes/ ?
A follower, asked me in a comment to do a version where YOU guys can select the timeframes
Well... what follower asks, follower (sometimes) gets. I'm not Santa Claus but this is Christmas with a few months in advance (#oh #oh #oh)
This is a great...
I didn't publish on Friday because I was working on an Expert Advisor in MT4. The day I don't publish, some scripts spamming guys published many (not useful) scripts the same to kick me out of the TOP #1 ranking.
So what I'm going to do about it? crying or sharing more quality scripts than before? :)
I guess you know the answer :) I'm gonna share a...
The idea of the OHM is to plot different lookback periods (lengths) of an indicator in a heatmap style. The original idea was published in march 2012 in TAS (traders.com) by John F. Ehlers and Ric Way.
On the y-axis you see the different lookback periods (lengths). At every candle the value of the indicator is...
7 different types of moving averages (5 different lengths of each) compared to a base moving average. Base moving average can be configured to be a slew of different types of moving averages (credit to @mortdiggiddy for the code) and have a custom length.
Red = base moving average is over other moving average (bearish)
Green = base moving average is under other...
This is the Convolution Indicator by John F. Ehlers described in TASC 10/13.
Wiley Online Library writes:
"Convolution is a technical indicator that points out major turning points in the market. It accomplishes this by correlating prices folded about the turning point. The lag induced by the computation is half the data length required to make the calculation....
Hello my friends
Sorry yesterday I couldn't post an indicator because I was travelling. So here's the today indicator inspired from that one Moving-Average-Heatmap-Visualization/
This will gives an interesting representation of a Double Moving Average cross
That's all for me
Let's resume the free indicators publishing next Monday with the MA heatmap (Triple...
The script is more meant as a study on the great idea by @m59 watching volatility in a scaled way. The idea for the script came in a discussion which value fits better. It uses different values that could be used interpreting volatility and scale it with different normalization methods to a same base. Have a look at the VCI - "Volatility Channel Index" by @m59. It...