Mapping Lower-Timeframe Volume Activity Within Chart Candles

Summary

This indicator breaks each chart candle into lower-timeframe candles and displays their open-to-close bodies as colored boxes. Box colors reflect relative volume within the selected lower-timeframe sample, with the highest-volume body highlighted distinctly. Horizontal lines mark the open and close of that body, while another line marks the full chart candle range and indicates its direction.

The tool is intended to help locate where activity was concentrated inside a larger candle. Its highlighted body represents the largest volume among the lower-timeframe candles available for that chart candle; it does not measure order-book liquidity or prove that the area will act as support or resistance. The display depends on the selected lower timeframe being below the chart timeframe and on the available volume data. Overlapping bodies can obscure a high-volume area when a lower-volume body is drawn over it, so the visual may not show every active region clearly. The document offers no trading rules or evidence of profitability.

Key ideas

• The heatmap displays lower-timeframe candle bodies within each larger chart candle.
• Color intensity represents relative volume among the lower-timeframe candles in that chart bar.
• The most active body is marked with a distinct color and lines at its open and close.
• Overlapping candle bodies can hide a high-volume region from view.
• The display visualizes activity but does not establish future price behavior.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.