3D Integrated Price Mass (Lite) [acatwithwithcharts]

This is a "lite" version of my 3D Integrated Price Mass script. It is limited to using just SMA and regular STDEV, resulting in a faster-loading and more stable indicator for general use.


3D Integrated Price Mass takes the integral of and then re-normalizing my adaptation of Mark Whistler's WAVE-PM MT4 script.

This experimental indicator exists at the literal outer limit of what Pinescript actually allows you to do before throwing up errors.

I took Mark Whistler's WAVE-PM indicator and first integrated the result by taking a running total of the period number then re-averaged it in order to make it range-bound. This means that a 14-period WAVE-PM is normal, but as the period number increases it increasingly becomes the average of periods below it. In theory, this should create a measurement for the "impulse" of the "force" of a volatility expansion.

The 3D versions illustrate well that it works like WAVE-PM, but it smooths out choppy conflicting period numbers to give a better overall picture. It gains a lot of data from calculating more period lengths and promptly loses a bunch from its averaging effect. This is a trade-off, and thus 3D Integrated Price Mass is likely best used side-by-side with 3D WAVE-PM - also, this setup will melt your browser window (this is unfortunate, but I have not yet figured out how to avoid it.)


As with 3D WAVE-PM, it's designed to be used on log scale and it may not show up on the example chart until you change the scaling.

(It may be necessary to move the scale around to see the indicator - it ranges from 14 to 600 and the scale on the chart seems to default to a range below it.)





I am posting these as invite-only and have a short list of collaborators in mind who will get access if they want it. It is not being made available to the general public as of this posting; I’m vaguely working towards eventually offering being able to offer some sort of paid indicator offering in the future.


Rather than shut the door entirely, I will say that if someone approaches me by PM with a really interesting idea on how they’d like to test this or my other indicators, I’m willing to consider giving access. I’m not giving this away just to anyone who asks and will, for my own time and sanity, probably just ignore requests by people who don't come to me already knowing what this indicator does and how they might want to use it.

I will also say that I am interested in ideas for other applications for heatmap indicators. If you think you have an interesting idea/proposal/collaboration to propose, feel free to PM me.

Notas de Lançamento:

Updated to change the attribution in the title from “acatwithcharts” to “SharkCharts.live”.

I'm excited to announce that we're putting the finishing touches on a subscription service for the volatility theory indicators, and assuming no hiccups will launch them within days. Subscriptions will be available in several packages through SharkCharts.live

Current pricing and subscription details will be kept up-to-date on SharkCharts.live