Heatmaps
-
Heatmaps are a visual representation of possible “support” and “resistance” (S/R) areas that work by shading your chart with various hues of red. Heatmaps can be used to confirm or identify levels of interest on any chart on any timeframe using these chart visuals. Areas, where multiple S/R level...
-
Horizontal Support and Resistance Heatmaps
Heatmaps approximate key support and resistance zones by summing all of the detected trend lines and applying an advanced heatmap generation algorithm. There are three ways to visualize support and resistance: Horizontal Depth Trends Depth and Horizontal mode provide a clearer picture of the st... -
How Heatmaps are generated on price charts
This article covers the rough process and methodology used by TrendSpider heatmaps. The actual specific method will vary based on the type of Heatmap you are using. Step One Step Two Step Three Step Four Step Five Step Six