Description:
If you’re looking to sharpen your trading edge, the MultiColor Heat Map Indicator for MetaTrader 4 is just the tool you need. This nifty indicator helps you pinpoint price zones that have seen the most action—essentially, the hottest trading spots.
The color gradient ranges from cold to hot, making it visually intuitive to understand market activity at a glance.
Here’s an example of the gradient from blue to red.
And here’s the transition from yellow to orange-red.
Lastly, we have the gradient from white to grey.
Settings:
- HMPeriod: This determines how many bars are included in the count.
- Scale: Adjusts the size of each trading zone.
- NbZone: Sets the number of zones to create.
- Cold: Color for the coldest trading zones.
- Hot: Color for the hottest trading zones.
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