OPEN-SOURCE SCRIPT

Volatility Heat-Map, momentum ribbon and divergence detector

132
This is a comprehensive volatility + momentum + volume + ATR dashboard with table visualization, momentum ribbon, and divergence detection. It’s optimized for visual clarity with dynamic coloring and is suitable for both trend-following and mean-reversion traders.

Table shows:
Oscillator values with arrows and K/D status.
Current & Daily ATR with tops/bottoms.
Volume & % change, rising/falling indicator.
Volatility regime (Low/Normal/High) with color coding.
Momentum strength (strong/weak bullish/bearish).

Oscillator
stoch = hh != ll ? 100 * (src - ll) / (hh - ll) : 0
k = smooth(stoch, kSmoothing)
d = smooth(k, dSmoothing)
Standard stochastic normalization.
Smoothing based on selected type (SMA/EMA/WMA).
diff between K and D is normalized for the momentum ribbon color:
Greenish for bullish, red for bearish, silver for neutral.
Overbought / Oversold lines: 80/20, midline at 50.

4. BBWP Calculation
bbwp = f_bbwp(i_priceSrc, i_bbwpLen, i_bbwpLkbk, i_basisType)
bbwpSMA5 = f_maType(bbwp, 5, "SMA")


Heatmap Thresholds:
Low < 15%
High > 85%
Otherwise Normal.
Colors dynamically assigned for histogram and table background.
Plotted as columns if table

Bullish and Bearish divergence labels plotted, both regular and hidden.

כתב ויתור

המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.