Buy Sell Heatmap

Introduction

This is a volume based heatmap type indicator. The indicator does not repaint. Its gives a collective view of short, intermediate and  long term volume buy sell activities(bottom to top of map). This indicator should prove quite beneficial to all those who believe in  the power of volumes. As usual for any volume based indicators, a ECN broker is recommended.The indicator can be useful for both binary and other fx trading.

Before wondering how to use it, it is probably worthwhile to notice that the indicator proves two fundamental notions about the market.

1. Volume precedes the price movement. Or in other words volume is the cause and price movement is the effect. Even more simply stated the volume activity will start before the major price movement. The effect is clearly demonstrated in the screenshots and this single observation itself can make a big difference in your trading.
2. Cycle breaking of markets. Its well known that markets moves in cycles. Then what makes it so difficult to trade? What this indicator also proves is that although there is a cycle in market volume activity(traders following a regular cycle), there is something more fundamental which breaks the transformation of volume cycles to price cycles.What can be seen is that despite of cycle in traders activity, there is no cycle in the individual buy sell pattern. ie, a trader might be regular with his trading times but the decisions of the trader to either go long or short has no cycle associated with it. This is the most fundamental reason of cycle breaking of market.
   
3. Who is in control of  the market? buyers or sellers? Whether a stalled market will break to up or down will depend on who actually is in control of the stalled market. This indicator shows a easy way to detect this (explained in screenshots)