Currency Heat Map Asymmetric MT4 Indicator
Currency Heat Map Asymmetric MT4 Indicator provides a graphical representation of the relative strengths of major currencies relative to others, organizing the data from various currency pairs into color coded results thus producing a clear overview of the whole currency market.
Most Forex traders overlook the whole Forex market picture, by just looking at one pair and one timeframe. This means that you could buy AUD/USD expecting USD to weaken but if you look at other pairs you may find that USD is rising against other currencies and that buying AUD/USD is not a good choice. Now you can add the currency heat map asymmetric indicator to your trading tools arsenal to filter trading strategy signals, confirm the analysis and trade with more confidence.
How To Read Currency Heat Map Assymetric:
The key to read the Heat Map is to consider the currency which appears on rows as the base currency and the currency which appear on columns as the quoted currency.
Dark Green means the pair is above prior bar’s high.
Green means the pair is above prior bar’s close but below the high.
Gray means the pair is flat.
Red means the pair is below prior bar’s close but above the low.
Dark Red means the pair is below prior bar’s low.
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11. January 2012 at 16:43
Does anybody know if this heat map is for H4 or Day1 it says both