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how does heat map work ?
Biedrs kopš
1 ieraksti
Mar 25, 2018 at 06:50
Biedrs kopš
1 ieraksti
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 ?
Biedrs kopš
13 ieraksti
Mar 28, 2018 at 11:53
Biedrs kopš
13 ieraksti
I have the same problem. Just looks like a mess to me
Biedrs kopš
31 ieraksti
Jun 27, 2018 at 06:32
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31 ieraksti
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.
Biedrs kopš
31 ieraksti
Jun 27, 2018 at 06:32
Biedrs kopš
31 ieraksti
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.
Biedrs kopš
1 ieraksti
Jul 08, 2018 at 06:43
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1 ieraksti
i know the group 'forexearlywarning' discusses the use of heat maps. maybe you can find some good info there
Biedrs kopš
427 ieraksti
Jul 12, 2018 at 14:32
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427 ieraksti
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
Biedrs kopš
10 ieraksti
Jul 13, 2018 at 07:35
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10 ieraksti
Does anyone use a heat map in their trading strategy ? If so , how?
Biedrs kopš
12 ieraksti
Jul 13, 2018 at 09:36
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12 ieraksti
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
Biedrs kopš
50 ieraksti
Sep 27, 2019 at 06:55
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50 ieraksti
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.
Biedrs kopš
920 ieraksti
Oct 31, 2019 at 08:07
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920 ieraksti
You’ll have only the idea on market; but this tool doesn’t represent any buy/sell signal!
Biedrs kopš
36 ieraksti
Oct 31, 2019 at 09:19
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36 ieraksti
As mentioned above, do not use it as a tool to help you.trade.
Biedrs kopš
41 ieraksti
Mar 26, 2020 at 07:27
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41 ieraksti
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.
Biedrs kopš
759 ieraksti
Oct 07, 2021 at 15:29
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759 ieraksti
The heat map is a kind of currency strength indicator.
Biedrs kopš
869 ieraksti
Oct 07, 2021 at 20:33
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869 ieraksti
I also agree. It gives just simple information about the market.
Biedrs kopš
3 ieraksti
Oct 10, 2021 at 01:31
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3 ieraksti
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.
Biedrs kopš
53 ieraksti
Oct 16, 2021 at 07:29
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53 ieraksti
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.
Biedrs kopš
94 ieraksti
Oct 16, 2021 at 17:23
Biedrs kopš
94 ieraksti
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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