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Volume HeatMap
Hawllysson Gardel Queiroz Almeida
The Volume Heatmap indicator visually shows the INTENSITY of the volume taking into account the concept of standard deviation. Purpose of the Indicator: High volumes are common where there is a strong consensus that prices will increase. An increase in volume often occurs at the beginning of a new upward trend in the price of an asset. Some technical analysts do not rely on trend confirmations without a significant increase in volume. Low volumes usually occur when an asset is heading for a down
Volume HeatMap DEMO
Hawllysson Gardel Queiroz Almeida
The Volume Heatmap indicator visually shows the INTENSITY of the volume taking into account the concept of standard deviation. Purpose of the Indicator: High volumes are common where there is a strong consensus that prices will increase. An increase in volume often occurs at the beginning of a new upward trend in the price of an asset. Some technical analysts do not rely on trend confirmations without a significant increase in volume. Low volumes usually occur when an asset is heading for a down
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