Indicators: Price Heatmap
Jean-Sebastien Laurent:
Oh, thank you!
you are a killer fxborg !
continue like it :)
Интересная вещь. Как использовать? Красным это цена консолидации, зеленый это отклонение нормального распределения?
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
The interesting thing. How to use? Red is the price consolidation, green is the deviation of the normal distribution?
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
- 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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Price Heatmap:
This indicator shows price heatmap using price histogram.
Author: fxborg