VolumeHeatmap (Experimental Marketorders Matrix)

Category: volume

Generates a price-volume heatmap within user-defined vertical boxes, identifying 'Point of Control' (POC) levels where volume concentration exceeds specific thresholds.

Formula

\text{RowVolume} = \sum_{i=0}^{\text{count\_len}} \text{Vol}_i \text{ where } \text{Price}_i \in [\text{RowHigh}, \text{RowLow}] \\ \text{Intensity} = \frac{\text{RowVolume}}{\text{TotalVolumeInBox}} \times 100

Inputs

• Count bars back (default: 50)
• Manuell High Level (default: 12400.0)
• Manuelle Low Level (default: 12000.0)
• Volume Type (Total/Buy/Sell) (default: Total Volume)

See signal primitives, usage in published strategies and more on WOBR StrategyVerse.