Byzantium Oscillator Heatmap
What?
Who the hell wants to put 6 oscillators on their chart when you can get a quick overview with a simple heatmap.
Content
This indicator contains:
Coloring
Blue: neutral.
Green: oversold territory, the more intense the color the more oversold.
Red: overbought territory, the more intense the color the more overbought.
All thresholds can be adjusted to your liking.
RSI
Current and historical relative strength of an asset based on price and momentum changes.
VZO
The VZO is closely tied to the OBV, but it's turned into an oscillator.
Daily volume is put into positive and negative categories.
Positive values are actually considered bullish but if it shows very high values it means we're in overbought territory.
Vice versa for negative values.
MFI
Visualizes buying and selling pressure based on price and volume.
CCI
Momentum oscillator based on variations of the statistical mean of an asset.
BBP
Based on the bollinger bands, which is a volatility inidcator.
The BBP shows the deviation from the bands.
DMI
This is actually a combination of indicators that measures a trend's strength.
For this heatmap indicator the positive and negative DI have been subtracted and then an index is made to turn it into a real oscillator.
Trading
These are all old concepts, but reliable oscillators.
It's quite annoying though when you have put all these oscillators separately on your chart and then analyze them.
So this heatmap gives you a quick overview of whether they're all in overbought or oversold territory.
If you see a lot of green for example you can be pretty certain that the asset you're looking at is in oversold territory (bullish bias) because you're looking at a 6 indicators at the same time.
Obviously the more indicators show the same coloring the more clear the bias is.
This indicator works on all assets, on all timeframes.
For access send me a private message.
Who the hell wants to put 6 oscillators on their chart when you can get a quick overview with a simple heatmap.
Content
This indicator contains:
- RSI heatmap (relative strength index)
- VZO heatmap (volume zone oscillator)
- MFI heatmap (money flow index)
- CCI heatmap (commodity channel index)
- BBP heatmap (bollinger band percentage)
- DMI heatmap (directional movement index)
Coloring
Blue: neutral.
Green: oversold territory, the more intense the color the more oversold.
Red: overbought territory, the more intense the color the more overbought.
All thresholds can be adjusted to your liking.
RSI
Current and historical relative strength of an asset based on price and momentum changes.
VZO
The VZO is closely tied to the OBV, but it's turned into an oscillator.
Daily volume is put into positive and negative categories.
Positive values are actually considered bullish but if it shows very high values it means we're in overbought territory.
Vice versa for negative values.
MFI
Visualizes buying and selling pressure based on price and volume.
CCI
Momentum oscillator based on variations of the statistical mean of an asset.
BBP
Based on the bollinger bands, which is a volatility inidcator.
The BBP shows the deviation from the bands.
DMI
This is actually a combination of indicators that measures a trend's strength.
For this heatmap indicator the positive and negative DI have been subtracted and then an index is made to turn it into a real oscillator.
Trading
These are all old concepts, but reliable oscillators.
It's quite annoying though when you have put all these oscillators separately on your chart and then analyze them.
So this heatmap gives you a quick overview of whether they're all in overbought or oversold territory.
If you see a lot of green for example you can be pretty certain that the asset you're looking at is in oversold territory (bullish bias) because you're looking at a 6 indicators at the same time.
Obviously the more indicators show the same coloring the more clear the bias is.
This indicator works on all assets, on all timeframes.
For access send me a private message.