SIB Fuel moves Car, Volume moves Price

2020년 12월 31일

Volume is important as fuel for a vehicle, without fuel a vehicle wouldn't move. We strongly believe a stock required volumes momentum in order to take-off the rallies.
This indicator helps to spot when the "Big Player" comes into the market, neither the collection stage nor the rally take-off stage.
No single indicator will work effectively by itself. Hence, we developed this unique "Heat Volume" indicator to compliment the candlestick analysis.

[EXPLANATION}
GREEN VOLUME BAR: Volume greater than the previous day volume.

GRAY VOLUME BAR: Volume lesser than the previous day volume.

RED VOLUME BAR: Presence of "Big Player" in the market.

YELLOW-BACKGROUND: Strong & active market trade sentiment in Daily timeframe.

GREEN-BACKGROUND: Strong & active market trade sentiment in Weekly timeframe.

WHITE-BACKGROUND: Strong & active market trade sentiment in Monthly timeframe.

ORANGE-BACKGROUND: Strong & active market trade sentiment in Hourly & Minutes timeframe.


[HOW-TO-USE]
Watch on the "Red" volume bar on the critical point. E.g. trend reversal, gap-up, resistance/price/box breakout.
This signaled the "Big Players" in the trade to take-off the rally.

Watch on the "Color-background" signaled of the strong & active market trade sentiment in the respective timeframe.
When "No-color Background" (Black) Stand aside when market trade sentiment is low and quiet.


Disclaimer:-
-This indicator is provided as best as it's an effort for the purpose of studying in the Technical Analysis perspective.
-This is not and never a trading suggestion of buy/sell call or decision under any circumstances.
-This indicator is for the member's and subscriber's circulation only. *If you are interested in the indicator, kindly contact us for the Free-Trial.
-Good luck & Happy Charting!

2021년 4월 27일

릴리즈 노트

Script optimization & upgrade with traded value.

2021년 5월 10일

릴리즈 노트

Upgrade to facilitate the ASAS (Automated Stock Alert System) alert trigger history in the intraday chart.

2021년 5월 26일

릴리즈 노트

Script update to synchronize with the ASAS (Automated Stock Alert System) signal's script.

2021년 6월 12일

릴리즈 노트

Script update to remove the traded value display.

2021년 7월 18일

릴리즈 노트

Script update to allows toggle the "Yellow Background" Heat trade sentiment:
*Toggle ON in script setting for the KLSE market.
*Toggle OFF in script setting for the other markets.

2024년 4월 11일

릴리즈 노트

Visualized Heat Sentiment Market