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 strength of the trend at a given price level. Areas of bright red translate to a lot of support or resistance, while lighter red translates to less support and resistance.

You can add Heatmaps in a couple easy steps:

  1. Click on the Heatmaps button in the top menu bar to activate them.
  2. Click on the next to the Heatmaps button to configure the type.
  3. Click Close to view the chart.

Horizontal Heatmaps

Heatmap Lines

Depth and Trend Heatmaps

Heatmaps

How TrendSpider Heatmaps Are Built

Step One

HM1

Step Two

HM2

Step Three

HM3

Step Four

HM4

Step Five

HM5

Step Six

HM6

Finished Product

HM7

Apr 6, 2021

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