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 ?
Mar 28 2018 at 11:53
I have the same problem. Just looks like a mess to me
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.
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.
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
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
Jul 13 2018 at 07:35
Does anyone use a heat map in their trading strategy ? If so , how?
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
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.
Oct 31 2019 at 08:07
You’ll have only the idea on market; but this tool doesn’t represent any buy/sell signal!
