OPEN-SOURCE SCRIPT
Whalemap [BigBeluga]
The Whalemap indicator aims to spot big buying and selling activity represented as big orders for a possible bottom or top formation on the chart.
🔶 CALCULATION
The indicator uses volume to spot big volume activity represented as big orders in the market.
When volume exceeds its own threshold, it is a sign that volume is exceeding its normal value and is considered as a "Whale order" or "Whale activity," which is then plotted on the chart as circles.
🔶 DETAILS
The indicator plots Bubbles on the chart with different sizes indicating the buying or selling activity. The bigger the circle, the more impact it will have on the market.
On each circle is also plotted a line, and its own weight is also determined by the strength of its own circle; the bigger the circle, the bigger the line.
Old buying/selling activity can also be used for future support and resistance to spot interesting areas.
The more price enters old buying/selling activity and starts producing orders of the same direction, it might be an interesting point to take a closer look.
🔶 EXAMPLES
The chart above is showing us price reacting to big orders, finding good bottoms in price and good tops in confluence with old activity.
🔶 SETTINGS
Users will have the options to:
🔶 CALCULATION
The indicator uses volume to spot big volume activity represented as big orders in the market.
When volume exceeds its own threshold, it is a sign that volume is exceeding its normal value and is considered as a "Whale order" or "Whale activity," which is then plotted on the chart as circles.
🔶 DETAILS
The indicator plots Bubbles on the chart with different sizes indicating the buying or selling activity. The bigger the circle, the more impact it will have on the market.
On each circle is also plotted a line, and its own weight is also determined by the strength of its own circle; the bigger the circle, the bigger the line.
Old buying/selling activity can also be used for future support and resistance to spot interesting areas.
The more price enters old buying/selling activity and starts producing orders of the same direction, it might be an interesting point to take a closer look.
🔶 EXAMPLES
The chart above is showing us price reacting to big orders, finding good bottoms in price and good tops in confluence with old activity.
🔶 SETTINGS
Users will have the options to:
- Filter options to adjust buying and selling sensitivity.
- Display/Hide Lines
- Display/Hide Bubbles
- Choose which orders to display (from smallest to biggest)
Script open-source
Dans le plus pur esprit TradingView, l'auteur de ce script l'a publié en open-source, afin que les traders puissent le comprendre et le vérifier. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais la réutilisation de ce code dans une publication est régie par nos Règles. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.
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All scripts & content provided by BigBeluga are for informational & educational purposes only.
🔵Join our free discord for updates : bigbeluga.com/discord
All scripts & content provided by BigBeluga are for informational & educational purposes only.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.