Quote:
Originally Posted by johnnykanoo
TRO this may be a dumb question but is heat the same as heat map??? thanks
|
No, it's not a dumb question.
The HeatMap compares the strength of one currency with another.
The TRO HEAT INDICATOR looks at the current price and compares it to the previous bar.
For example, if price is dropping and is below the previous bar's low, the HEAT is bright red. As price reverses, the color changes and when price is above previous bar's high, it becomes green.
If you want to go long, just wait for green. Not too smart to go long on red.