Mayfair Heatmap Volume 1.0
This is our most popular indicator. It gives three separate signals and is best used on a 4H timeframe, to alert you to trading opportunities.
The heatmap area represents buying and selling pressure.
The white line works like a volume-driven RSI indicator, indicating overbought/oversold situations.
There is also a divergence indicator, represented by the Bear/Bull Hidden Bear/Hidden Bull markers, which show where the price action and the indicator's direction are moving in different directions.
Like all indicators, it is not perfect, and you should never rely on one indicator in any situation, but this one alerts you to opportunities, which you can then study on lower timeframes to find an entry.
The heatmap area represents buying and selling pressure.
The white line works like a volume-driven RSI indicator, indicating overbought/oversold situations.
There is also a divergence indicator, represented by the Bear/Bull Hidden Bear/Hidden Bull markers, which show where the price action and the indicator's direction are moving in different directions.
Like all indicators, it is not perfect, and you should never rely on one indicator in any situation, but this one alerts you to opportunities, which you can then study on lower timeframes to find an entry.
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Discord: discord.gg/Ma7SnExcWA
THE CITY TRADERS: thecitytraders.com/?aff=9
Discord: discord.gg/Ma7SnExcWA