Price Heatmap Indicator
The Price Heatmap Indicator is a visual tool designed to highlight areas of price activity based on volume and volatility, aiding in trading decisions. Trading rules typically include entering buy orders when the heatmap shows strong bullish sentiment (indicated by green zones) and selling or shorting when bearish sentiment is present (indicated by red zones). Traders may also consider the intensity of colors to gauge momentum strength, using price breakouts above key resistance levels or breakdowns below support levels indicated on the heatmap for timing their entries. Additionally, combining the heatmap analysis with other indicators such as moving averages or RSI can enhance decision-making and risk management.