Currency Strength HeatMap Pro is a real-time analysis tool that shows the strength or weakness of one currency against another, improving the speed at which you can interpret the main trends in 28 pairs.
How to interpret and use it in currency analysis
Basic reading rules:
- Look for rows that are completely green. That currency (row) is currently the strongest.
- Look for columns that are completely red: That currency (column) is the weakest.
- The best buying opportunity: strong currency vs. weak currency, look for bright green cells (e.g., lime green GBP row, red JPY column = buy GBPJPY).
- Selling: the opposite (bright red cell → weak base vs. strong quote).
Strategy
1. Look at the 8x8 Matrix, in H1 timeframe (recommended).
- Identify the strongest currency (greenest row or highest value diagonally).
- Identify the weakest (reddest column or lowest value).
2. Click on the intersection (strong row / weak column), for example, click on the USD (row), JPY (column) matrix, the chart will automatically change to the selected pair, if the pair does not exist, it will only give a warning that the pair does not exist in the broker.
3. Analyze that pair in the timeframe you use: look for entries in the direction of strength (buy if the base is strong, sell if the quoted currency is strong).
4. Alerts notify you when there is an extreme difference (>50% by default), high momentum opportunities
5. Default period of 28. By entering the X and Y coordinates, you can place the chart wherever you want.
6. You can choose the cell size, display percentages, set the alert level (50 by default), and enable or disable alerts.
Why buy this product?
- Change charts with a single click (this saves a lot of time).
- Look for rows that are completely green. That currency (row) is currently the strongest.
- Look for columns that are completely red: That currency (column) is the weakest.
- Smart alerts.
- Solid and proven strength calculation.
It is a powerful, practical, and visually appealing tool. Be the first to use it to trade more efficiently.
Translated with DeepL.com (free version)
