Currency Heatmap for MT4/MT5

 

The heatmap makes the complex world of forex, simple and clear. One workspace delivering information from charts! By itself, the Quantum Currency Heatmap indicator is a powerful trading tool for identifying trading opportunities, quickly, easily on a single chart.

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Description

The library of technical indicators for MetaTrader 4 developed in MQL4. Regardless of the market (forex, securities or commodity market), indicators help to represent quotes in .

In fact so fast it displays a total of chart snapshots, on one screen. That's twenty eight currency pairs in nine timeframes — almost impossible to imagine if displayed in a conventional way.

Now, thanks to the Quantum Currency Heatmap, seeing and interpreting this much trading data has never been so easy! No need for multiple monitors, multiple PC's, crowded screens, or chasing price movement from one timeframe to another and back again. It's like a thermal imagery scanner, but for forex!

Much like its sister indicator, the Quantum Currency Matrix, it assigns a rank to each of the 28 currency pairs, but from data crunched across the time horizon. Currency pairs are then ranked vertically and horizontally to describe strength and weakness in two dimensions. The ultimate heatmap of bullish and bearish sentiment in all timeframes, and at the click of a button.

So what are you waiting for? Grab yourself a Quantum Currency Heatmap and jump into the hottest trading opportunities, as they develop in real time. Trading the currency markets is a complex business, not least since we are dealing with pairs of currencies, and by inference, pairs of economies. All economies around the world are interlinked, and reflected in the constant ebb and flow of currency strength and weakness.

The problem for us as traders is monitoring so many pairs simultaneously, since every pair does not move independently, but reflects the interrelated nature of this market.

The amount of information can be overwhelming when we consider just the eight major currencies and the 28 currency pairs they then create. This is difficult enough, but when we view these on multiple timeframes, the numbers become unmanageable, and require arrays of multiple monitors and screens, simply to keep track. An almost impossible task.

First the technology and space required to track so many combinations of pairs is expensive, and beyond the reach of many. Second, in focusing on one pair due to limited space and computer resource, opportunities are constantly missed as it is impossible to spot them across all the timeframes. The Quantum Currency Heatmap delivers the information you need to base your trading decisions on the data of an entire spectrum of currency pairs derived from the 8 major currencies.

In one clear, simple and intuitive table, you can see instantly the entire weight of market sentiment across all 28 pairs, and across all the timeframes. A global view of risk and sentiment on one chart in two dimensions! Vertically in the ranking table, and then horizontally across the horizon of time.

Instant, simple and powerful. No multiple monitors, no multiple PCs, no crowded screens, no chasing from one timeframe to another and back again. It is all here allowing you to make instant decisions in seconds for every major currency pair, and profit accordingly.

Never miss another opportunity. Never struggle to find opportunities, and with all the information you need to make risk based decisions across the timeframes.

Vertically, 28 currency pairs are listed which are ranked from the most bullish pair top to the most bearish pair bottom and which pull the data from the Quantum Currency Matrix.

Order it in the Freelance section. How to Write an Expert Advisor or an Indicator. Regardless of the market forex, securities or commodity market , indicators help to represent quotes in an accessible form for easy perception. This section contains thousands of applications that analyze financial markets using different algorithms. Conventionally, they can be divided into a few categories: In addition, there are sets of indicators based on algorithms by famous financiers.

For example, Bill Williams' indicators and likes of it. All of them are characterized by different parameters of reliability, efficiency, lagging and others. There are more than indicators for technical analysis: Creates Fibonacci Retracement on the chart based on the ZigZag indicator. Tap the "X" or "Z" key to scroll through each swing in the ZigZag, to the right or to the left. For those who do not like clutter on their charts.

The indicator can scroll to the right until it disappears from the chart, but it is still there. Scroll left to bring it back. This is one of the most useful tools in my trading toolbox! Tipu CCI is one of the popular indicators in the Market. Calculate Pivot Points based on H1 bar, according to normal formula and Fibonacci, with color filling.

This indicator is based on original RSI, but more features are added to general signals and watch the strength of the price movement. The indicator is based on the idea that before the price and the indicator itself turn, the indicator rate slows down first and only then turns. This is the semaphore indicator of candles that highlights the candles on the chart, which have same direction like all candles for your chosen timeframes.

RSI modified to show the excess of the market more than 70 and less than 30 , and show you the divergency with the price. This indicator allows you to see the Moving Averages from different timeframes on the same chart. It helps you to spot the dynamic levels of support and resistance.

Displays the number of each bar - both, relative to the most current bar and in absolute terms from the beginning of the chart. This custom indicator will show you 28 pair's daily candle range, High-Low range, candle bullishness or bearishness from real tick market. So you can understand the overall market situation very short time.