PROTECTED SOURCE SCRIPT
3D MA Whale HeatMap

"Whale Balance" Heatmap Indicator
This indicator visualizes market trends by analyzing "whale balance" behavior on a daily and weekly basis. It compares the current "whale balance" (daily close) with the 7-day average balance to calculate the percentage change and plots a heatmap based on the results.
Key Features
Heatmap Representation:
- Red (Extra High): Indicates a very overheated market (> 54%).
- Orange (High): Represents a heated increase in "whale balance" (> 20%).
- Yellow (Medium): Shows a warm growth in "whale balance" (> 10%).
- Blue (Normal): Reflects a neutral "whale balance" (-20% to 10%).
- Cyan (Low): Marks a cool decline in "whale balance" (-20% to -54%).
Simple Moving Average (SMA):
- A 3-period SMA smooths the percentage change in "whale balance" to reduce noise and improve clarity.
- Users can adjust the moving average length via the MA Length input.
Usability:
- Aimed at traders seeking to monitor longer-term "whale activity" trends.
- Helps identify potential reversals or continuation patterns in market behavior.
How It Works
- The script calculates the percentage difference between the current daily "whale balance" and the "whale balance" from 7 days ago.
- This difference is smoothed using an SMA and color-coded into a heatmap for easy visualization.
- The heatmap is plotted directly on the chart, providing a quick glance at the strength and direction of "whale activity."
How to Use
- Apply the indicator to any chart to assess the trend in "whale behavior."
- Use the color-coded heatmap to spot major inflows (red/orange) or outflows (cyan/blue) of "whale activity."
- The gray horizontal line at 0.3 highlights a threshold where the positive "whale balance" trend begins to strengthen significantly.
Example Use Cases
- Trend Confirmation: Combine with other trend indicators to confirm market strength or weakness.
- Entry/Exit Timing: Look for transitions between heatmap colors to time entries or exits.
Disclaimer
- This indicator is not tracking actual "whales" or their balances. The term "whale balance" here refers to a calculated metric designed to provide a longer-term view of market trends. It does not represent real data from actual market participants or "whales."
- This indicator does not guarantee future performance but provides an insightful tool for analyzing "whale balance" trends.
This indicator visualizes market trends by analyzing "whale balance" behavior on a daily and weekly basis. It compares the current "whale balance" (daily close) with the 7-day average balance to calculate the percentage change and plots a heatmap based on the results.
Key Features
Heatmap Representation:
- Red (Extra High): Indicates a very overheated market (> 54%).
- Orange (High): Represents a heated increase in "whale balance" (> 20%).
- Yellow (Medium): Shows a warm growth in "whale balance" (> 10%).
- Blue (Normal): Reflects a neutral "whale balance" (-20% to 10%).
- Cyan (Low): Marks a cool decline in "whale balance" (-20% to -54%).
Simple Moving Average (SMA):
- A 3-period SMA smooths the percentage change in "whale balance" to reduce noise and improve clarity.
- Users can adjust the moving average length via the MA Length input.
Usability:
- Aimed at traders seeking to monitor longer-term "whale activity" trends.
- Helps identify potential reversals or continuation patterns in market behavior.
How It Works
- The script calculates the percentage difference between the current daily "whale balance" and the "whale balance" from 7 days ago.
- This difference is smoothed using an SMA and color-coded into a heatmap for easy visualization.
- The heatmap is plotted directly on the chart, providing a quick glance at the strength and direction of "whale activity."
How to Use
- Apply the indicator to any chart to assess the trend in "whale behavior."
- Use the color-coded heatmap to spot major inflows (red/orange) or outflows (cyan/blue) of "whale activity."
- The gray horizontal line at 0.3 highlights a threshold where the positive "whale balance" trend begins to strengthen significantly.
Example Use Cases
- Trend Confirmation: Combine with other trend indicators to confirm market strength or weakness.
- Entry/Exit Timing: Look for transitions between heatmap colors to time entries or exits.
Disclaimer
- This indicator is not tracking actual "whales" or their balances. The term "whale balance" here refers to a calculated metric designed to provide a longer-term view of market trends. It does not represent real data from actual market participants or "whales."
- This indicator does not guarantee future performance but provides an insightful tool for analyzing "whale balance" trends.
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보호된 스크립트입니다
이 스크립트는 비공개 소스로 게시됩니다. 하지만 제한 없이 자유롭게 사용할 수 있습니다 — 여기에서 자세히 알아보기.
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.