Heatmap is a professional volume heatmap indicator designed for advanced market density visualization. It transforms complex volume data into a dynamic, color-coded heatmap that reveals institutional trading activity across price levels, unlike traditional volume bars. The heatmap uses a 10-tier color gradient from blue (low activity) to red (high volume) to display real-time market density.
Key features include automatic Point of Control (POC) detection, highlighting the price level with the highest trading volume, and multi-level volume distribution dividing the price range into up to 50 levels for detailed analysis. It supports three volume modes: total volume, buy volume only, and sell volume only, enabling users to isolate bullish or bearish pressure zones.
The indicator offers professional visualization with adjustable opacity, customizable color zones, optional volume percentage labels, and a customizable POC line. Smart auto-range technology calculates optimal price ranges based on the lookback period or manual input. Performance is optimized for smooth updates and analysis of up to 500 bars without lag.
Heatmap is suitable for identifying institutional accumulation and distribution zones, spotting support and resistance levels, understanding market structure, and conducting multi-timeframe volume profile analysis across markets including Forex, indices, and XAUUSD (gold).