how does heat map work ?
Mar 25, 2018 at 06:50
1,721 zobrazení
16 Replies
Členem od Jan 03, 2013
1 příspěvků
Mar 25, 2018 at 06:50
i have been looking at the heat map on this site but not sure how it works and what it is showing me could any one explain this for me ?
Členem od Mar 13, 2018
13 příspěvků
Mar 28, 2018 at 11:53
I have the same problem. Just looks like a mess to me
Členem od Nov 17, 2009
31 příspěvků
Jun 27, 2018 at 06:32
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.
Členem od Nov 17, 2009
31 příspěvků
Jun 27, 2018 at 06:32
Also be careful with the pip value on heat map.. not all pairs have the same pip value. Having a pair calculated by % percent maybe a better option.
Členem od Jul 07, 2018
1 příspěvků
Jul 08, 2018 at 06:43
i know the group 'forexearlywarning' discusses the use of heat maps. maybe you can find some good info there
Členem od Feb 12, 2016
427 příspěvků
Jul 12, 2018 at 14:32
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
Členem od Jun 28, 2018
10 příspěvků
Jul 13, 2018 at 07:35
Does anyone use a heat map in their trading strategy ? If so , how?
Členem od May 15, 2018
12 příspěvků
Jul 13, 2018 at 09:36
You can use a heat map to identify the trending pairs. So go for the FX pair that has one currency that is going up strongly and one that is going down strongly
Členem od Aug 05, 2019
50 příspěvků
Sep 27, 2019 at 06:55
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.
Členem od Apr 18, 2017
920 příspěvků
Oct 31, 2019 at 08:07
You’ll have only the idea on market; but this tool doesn’t represent any buy/sell signal!
Členem od Jun 10, 2017
36 příspěvků
Oct 31, 2019 at 09:19
As mentioned above, do not use it as a tool to help you.trade.
Členem od Oct 22, 2019
41 příspěvků
Mar 26, 2020 at 07:27
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.
Členem od Jul 23, 2020
759 příspěvků
Oct 07, 2021 at 15:29
The heat map is a kind of currency strength indicator.
Členem od Jul 23, 2020
869 příspěvků
Oct 07, 2021 at 20:33
I also agree. It gives just simple information about the market.
Členem od Oct 10, 2021
3 příspěvků
Oct 10, 2021 at 01:31
Heatmaps collect data from websites. The dark-to-light scale indicates which areas of the page are more clicked or which content is more attention grabbing.
Členem od Jun 14, 2021
53 příspěvků
Oct 16, 2021 at 07:29
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.
Členem od Aug 17, 2021
94 příspěvků
Oct 16, 2021 at 17:23
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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