Currency heat map - page 2

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fxbs
3203
fxbs  

strong up :current close is above prior bar high

weak up : current close is above prior close but less than or equal to prior bar high

no move : current close is equal to prior bar close

weak down : current close is less than prior bar close but greater than or equal prior bar low

strong down : current close is less than previous bar low

Files:
fxbs
3203
fxbs  

Mladen, why did we needed mslinedraw font?

if (UseMSLineDrawFont) FontToUse = "MS LIneDraw";

aha, thank you - in case if "Terminal'' (or other MT4 fonts) could act weird (not display correctly- different builts,updates, whatever reason) - use MSLineDrawFont to ensure correct display

anthony123
20
anthony123  

Mladen thank for your great work, may be you can make heat map into histogram.

CP6
130
CP6  

thnx alot mladen for this great work!

may God bless u & yur life!

regards,

cp6

CP6
130
CP6  

hi all,

great thnx again to mladen,

from my understanding, the purpose of this indicator is to find the strongest/weakest situation of particular currency based on the timeframe given.

thnx

fxbs
3203
fxbs  

Hi, CP6!

for example, how would you interpret signals - practically use HeatMap?

thank you

CP6
130
CP6  
fxbs:
Hi, CP6!

for example, how would you interpret signals - practically use HeatMap?

thank you

hi fxbs, im also new to this,

im only use weekly guide & watch which currency have all the red/green color (weak/strong)...only for guide...but to enter the market i use my own system.

for example when USD row is all red, thats mean USD is the weakest among all currency. Then find which row that have almost green color (strongest)....thats the best pair to trade...the principle behind that is buy the strongest & sell the weakest among all.

or find any cross currency again that weakest row...for example here, if USD row is all red, then we can pay attention to any USD based currency to trade (eur/usd, usd/jpy, aud/usd etc <-- the 1st approach is better than this)

sorry for my bad english...for better understanding, u can go to the site.

Currency Heat Map

thnx

hantu
8
hantu  

thanks cp6 and mladen for making this thing happen!

Tokarus
262
Tokarus  

Great tool!

Thanks a stack.

Cheers, Kris

EthanHunt
214
EthanHunt  

mladen, thank you very much... great indicator.

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