HeatMap

From English Manual

   

Introduction

The HeatMap is an indicator that will permit you to quickly and easily spot possible trend reversals of the market based in order book data. This indicator provides an historical of the order book. It would be as looking at a whole chart instead of a single candle (the order book).

Depending on market pressure the resistance or support levels provided by the heatmap can be broken and are not 100% accurate. You should take into consideration other factors occurring in the market to consider a trend reversal is going to occur. And likely use a stop loss in case this level is broken.

   

Settings

Ask Color Type

This setting will allow you to select the color scheme for the Ask side of the chart. There are several options:

  • RainbowShort
  • RainbowLong
  • GrayScale
  • YellowToRed
  • HumanEye

Each has a different color scheme so each user can select the one that adapts better to their Eyes.

RainbowShort

This Scheme contains all colors

RainbowLong

This Scheme also contains all colors but lilas have a shorter range

GrayScale

For this Scheme you need to select the brush color in order to make it its base color.

YellowToRed

This Scheme is an scheme that starts at yellow and gradually ranges to red for higher values.

Opacity

This setting sets the opacity to draw the heatmap when grayscale is selected. The closer to 1.0 the less translucent the HeatMap will be.

Ask Color

This defines the color is going to be used for the ask zone when grayscale scheme is selected. Otherwise it is ignored.

Bid Color

This defines the color is going to be used for the bid zone when grayscale scheme is selected. Otherwise it is ignored.