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Indicators: Price Heatmap

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Automated-Trading
Admin
99872
Automated-Trading 2015.10.29 12:57 

Price Heatmap:

This indicator shows price heatmap using price histogram.

Price Heatmap

Author: fxborg

Jean-Sebastien Laurent
3880
Jean-Sebastien Laurent 2015.11.01 03:13  
Automated-Trading:

Price Heatmap:

Author: fxborg

you are a killer fxborg !

continue like it :) 

fxborg
4496
fxborg 2015.11.01 10:58  
Jean-Sebastien Laurent:

you are a killer fxborg !

continue like it :) 

Oh, thank you!
sober
219
sober 2015.11.01 17:36  
Интересная вещь. Как использовать? Красным это цена консолидации, зеленый это отклонение нормального распределения?
Stuart Browne
5817
Stuart Browne 2015.11.02 00:30  
sober:
The interesting thing. How to use? Red is the price consolidation, green is the deviation of the normal distribution?
This is the English forum Sober, please use a translator before posting if you need to. Thanks
fxborg
4496
fxborg 2015.11.02 01:33  

This indicator's logic is simple. using price histogram. (https://www.mql5.com/en/articles/17)

 red  -->peak of price histogram,

yellow --> high ,

green --> very low;

The Price Histogram (Market Profile) and its implementation in MQL5
The Price Histogram (Market Profile) and its implementation in MQL5
  • 2010.01.28
  • Dmitry Voronkov
  • www.mql5.com
The Market Profile was developed by trully brilliant thinker Peter Steidlmayer. He suggested to use the alternative representation of information about "horizontal" and "vertical" market movements that leads to completely different set of models. He assumed that there is an underlying pulse of the market or a fundamental pattern called the cycle of equilibrium and disequilibrium. In this article I will consider Price Histogram - a simplified model of Market Profile, and will describe its implementation in MQL5.
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