SIB Fuel moves Car, Volume moves Price

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.



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!

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Script optimization & upgrade with traded value.

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

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

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Script update to remove the traded value display.

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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.

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Visualized Heat Sentiment Market