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how does heat map work ?
Mitglied seit Mar 13, 2018
13 Posts
Jun 27, 2018 at 06:32
Mitglied seit Nov 17, 2009
31 Posts
Heat maps are great because they can show you which pares are trending in a direction more strongly then others.
Few ways you can use the heat map.
1) Is there a pair that DARK Green or Red on the larger time frame? that means its trended strongly lately for a longer period of time. If the lower time frame is changing colors in the other direction, you can use that to look for pullbacks or even large reversals.
2) larger timeframe starting to lightly change colors in a direction making a possible new trend? Is the lower timeframe starting to match the new larger trend? Signal to pull that chart up and look for trend continuation trades.
Hope that helps.
Few ways you can use the heat map.
1) Is there a pair that DARK Green or Red on the larger time frame? that means its trended strongly lately for a longer period of time. If the lower time frame is changing colors in the other direction, you can use that to look for pullbacks or even large reversals.
2) larger timeframe starting to lightly change colors in a direction making a possible new trend? Is the lower timeframe starting to match the new larger trend? Signal to pull that chart up and look for trend continuation trades.
Hope that helps.
Jul 12, 2018 at 14:32
Mitglied seit Feb 12, 2016
427 Posts
Another very useful feature of this site as a novice trader is the value per pip calculator and the margin calculator : https://www.myfxbook.com/forex-calculators/pip-calculator
Accept the loss as experience
Mitglied seit Jun 28, 2018
10 Posts
Mitglied seit Aug 05, 2019
50 Posts
Sep 27, 2019 at 06:55
Mitglied seit Aug 05, 2019
50 Posts
Heat map is not a trading system nor an indicator. It doesn’t tell you when to buy or sell. It simply provides accurate information about what market participants are doing. Bookmap’s heat maps may allow you to eliminate this problem. This can lead to a more profitable trading business.
Mar 26, 2020 at 07:27
Mitglied seit Oct 22, 2019
41 Posts
jaredtaylor posted:Good explanation. Thanks!
Heat map is not a trading system nor an indicator. It doesn’t tell you when to buy or sell. It simply provides accurate information about what market participants are doing. Bookmap’s heat maps may allow you to eliminate this problem. This can lead to a more profitable trading business.
Mitglied seit Jul 23, 2020
759 Posts
Mitglied seit Jul 23, 2020
869 Posts
Mitglied seit Oct 10, 2021
3 Posts
Mitglied seit Jun 14, 2021
53 Posts
Oct 16, 2021 at 07:29
Mitglied seit Jun 14, 2021
53 Posts
Heatmap works by using colors to highlight different factors. They are generally used with candlestick charts, which show the daily or weekly price movements. It is a simple and effective visual aid for traders to see how price moves and where an asset's high and low points are.
Mitglied seit Aug 17, 2021
94 Posts
Oct 16, 2021 at 17:23
Mitglied seit Aug 17, 2021
94 Posts
Heatmap works by collecting the data from a web page. It uses a dark-to-light color scale to display which content of the web page is clicked more or which area gets more attention. For example, the area where viewer clicks the most gets a dark color and light color where the viewer gives no attention.
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