Forex heatmap mq4

NZD is the white button which filters out and displays all the currency pairs containing the New Zealand Dollar. The buttons work on a toggle basis. Click them once to filter, and then click again to remove the filter. When a certain currency filter is in effect, the relevant currency pairs in the table appear in square brackets as in [EURUSD]. Getting started Here are some further details on the currency heatmap indicator to help you get started: Your Quantum Currency Heatmap indicator can be applied to any chart for any currency pair.

The chart does not influence or affect the appearance or performance of the indicator. The indicator will display in an identical way on each chart AND each timeframe. The indicator occupies the chart panel itself. We recommend expanding the chart until you get a complete view of the indicator. The indicator works in all MT4 timeframes.

When you first apply the indicator, please allow a few seconds for the data to build in history. You may need to switch timeframes once or twice before the indicator builds in real time, once the history has been created. This should only occur on the first installation. In either case the prefix or suffix will need to be added when configuring the indicator, otherwise it will not work. This is explained further later in the guide.

By itself, the Quantum Currency Heatmap indicator is a powerful trading tool for identifying trading opportunities, quickly, easily on a single chart. However, its development is part of a new indicator bundle that we like to call the Quantum Currency Dashboard which consists of the following indicators: Quantum Currency Strength Indicator CSI Quantum Currency Matrix Quantum Currency Array Quantum Currency Heatmap These four indicators then provide a unique and compact insight into all the various aspects of strength and weakness for both currencies and currency pairs from trend and momentum to overbought and oversold.

What is unique is that using four charts you are then able to monitor the myriad combinations of strength, weakness, momentum, congestion and divergence across the entire forex complex at a click of a button. And even more powerfully giving you the confidence to get in and stay in for maximum profits.

No more missed opportunities, no more struggling with multiple charts, and no more trader regret whatever your trading style approach. To start using the indicator, you can click and drag QuantumCurrencyHeatmap from the Navigator to a chart or you can also double-click QuantumCurrencyHeatmap which will then be applied to the currently selected chart.

Doing either one of these will display the Custom Indicator window where you can configure all the various user settings for your Quantum Currency Heatmap. These options are grouped and can be accessed by selecting the tabs which will be discussed further in the following sections. About tab Here you can find basic information about the indicator such as its name, description, and version number.

This is required by all Quantum indicators to properly communicate with its accompanying DLL file. Other than this, please leave other options to their default setting. Inputs tab You can configure the indicator by changing its variables listed in this tab. We explain each configurable input shortly and below are the inputs for the Quantum Currency Heatmap.

Dependencies tab All the files that the indicator uses to run is listed here. You can leave this tab as it is. Colors tab The Quantum Currency Heatmap uses graphical objects instead of plot lines so this tab is empty. Please make sure that you enter your email correctly and exactly without any extra spaces before and after it.

If you made an error, simply fill this field again to update it. Look Back This is the number of bars that the indicator processes during the calculation up to the most current bar. The Quantum Currency Heatmap indicator requires a significant amount of processing power compared to most indicators, and this is the recommended setting.

The higher the setting then the more processing power is required and we suggest it remains at 7, although you can change this if you wish. Button Size You can change the size of the toggle buttons and the table by changing this setting. This is especially useful for screens with very low or very high resolutions. Its default value is 1 but you can enter negative values to decrease their size further. Font Size You can change the size of the text by changing this setting.

Its default value is 8 it can only hold positive values. Display Buttons Vertically The Currency Heatmap displays its toggle buttons horizontally at the bottom of the table by default. Turning this field to true changes their position to a vertical layout at the right hand side of the table.

Use Classic Colors Instead of using a green-red gradient, the indicator switches to a dual color scheme when this setting is true. When using classic colors, all currency pairs with a performance score above 0 are blue and those below it are red.

This is set to false by default. Its default color is red. Its default color is orange. Its default color is yellow. Its default color is green. Its default color is blue. Its default color is purple. Its default color is magenta. Its default color is whitesmoke. Beside each currency pair the Heatmap assigns a colored box, the size and color of which represents the strength of the two currencies against each other.

There is also a percentage figure, which shows the percentage change in price of the currencies. Using the Indicator for Buy Signals When the Heatmap calculates that one currency in a pair is relatively strong against the other, while also being strong against the rest of the major currencies, it will issue a buy signal.

The buy signal appears as a small green arrow next to the currency pair to which it relates on the Heatmap. When a buy signal is generated, this indicates that the currency in question is likely to strengthen further, and that by buying it, you possibly could profit from this strength. Using the Indicator for Sell Signals Conversely, when the Heatmap calculates that one currency in a pair is relatively weak against the other, while also being weak against the rest of the major currencies, it will issue a sell signal.

The signal appears as a small red arrow next to the currency pair to which it relates on the Heatmap.

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