[TL5 Shahnaz] %R + RSI Heatmap + ALMA

This indicator is a multi-layer momentum and trend confirmation tool designed for discretionary traders. It blends Williams %R, RSI-based market bias, and an ALMA moving-average stack to help identify momentum shifts, trend strength, and exhaustion zones.

The script does not repaint and works on all markets and timeframes.

🔹 Components
1️⃣ Williams %R (Momentum Core)
Measures short-term momentum and overbought/oversold conditions
Key zones:
Above −40 → bullish momentum
Below −60 → bearish momentum
Line color adapts to momentum strength and direction

2️⃣ RSI Heatmap (Market Bias)
Background color reflects RSI strength or weakness
Green shades indicate bullish pressure
Red shades indicate bearish pressure
Neutral tones suggest consolidation or transition
Helps visually confirm momentum context without extra plots

3️⃣ ALMA Trend Stack (Trend Direction & Slope)
Uses multiple ALMA (Arnaud Legoux Moving Average) periods
Smooth, low-lag trend representation
Slope label on the latest bar shows short-term trend acceleration
Useful as dynamic support/resistance and trend filter

🧠 How to Use
Look for %R momentum alignment with RSI heatmap bias
Use ALMA direction and slope to confirm trend continuation

Best used for:
Trend confirmation
Momentum timing
Trade management and filtering
Works well with price action and higher-timeframe bias

⚠️ Important Notes
This indicator does not generate buy/sell signals
Designed for confirmation, not standalone trading
Always use proper risk management
Suitable for stocks, crypto, forex, and indices