Violent

Stochastic Heat Map

A series of 28 stochastic oscillators plotted horizontally and stacked vertically from bottom to top as the oscillator background.
Each oscillator has been interpreted and the value has been used to colour the lines in.
Lower lines are shorter term stochastics and higher lines are longer term stochastics.

The average of the 28 stochastics has been taken and then used to plot the fast oscillator line, which also has a slow oscillator line to follow.
The oscillator line can be used to colour in the candles.

Inputs:

MA: multiple smoothing methods
Theme: multiple colours
Increment: stochastic length start and increments
Smooth Fast: smooth fast length
Smooth Slow: smooth slow length
Paint Bars: colour candles
Waves: toggle method to weight/increment stochastics

Heat map shows momentum extremes:

Sürüm Notları: Updated legacy code.
Sürüm Notları: Updated colours.
Sürüm Notları: The number of stochastics plotted in the background can now be controlled with the 'PlotNumber' input. This changes the average calculation and allows more control and precision.
Sürüm Notları: Updated fast and slow line width.
Sürüm Notları: Updated colours.
Sürüm Notları: Updated colours.
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Yorumlar

A promising indicator. Bravo.
+1 Cevap Gönder
Amazing, thanks a lot!
+2 Cevap Gönder
very good
+1 Cevap Gönder
Great indicator, very in-depth. Thank you!
+1 Cevap Gönder
@Violent, excellent work, very much appreciated, great to use as confluence with other indicators and across time frames, lots of nuances to pay attention to.
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red means overheat ?
+1 Cevap Gönder
@Violent This is great, really appreciate your work here. Thanks for doing these scripts!
+1 Cevap Gönder
Wow, it looks pretty neat, will look at it with different charts
+1 Cevap Gönder
Anyone knows how to use this?
+1 Cevap Gönder
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