Thermal card of cryptocurrencies for the MT5 trading platform
Financial markets are constantly changing, and traders need to quickly navigate the stream of information.
The market a heat card is a tool that helps to visualize changes in prices of various assets, such as shares, currencies, raw materials and cryptocurrencies.
The card allows you to instantly see which assets grow, which fall, and which remain stable, it helps to create a complete picture of what is happening in a certain market.
Unlike traditional quotes tables, the market map represents data in the color scheme, where green usually means growth and red - a decrease. This greatly simplifies the analysis and helps to find promising trade opportunities.
Today we will get acquainted with the thermal card of cryptocurrencies, which is installed in the Metatrader 5 trading platform , which makes its use much more convenient than online analogues.
Thermal map of cryptocurrency courses in MT5
The MP Heatmap indicator provides a graphic representation of the relative power of the main crypto currencies in relation to others, analyzing data on currency pairs and converting them into a color scheme.
This allows you to get a visual review of the entire market situation on Forex:
After installing a cryptocurrency heat card, you get the opportunity to control the situation in the cryptocurrency market and receive additional landmarks when opening transactions.
Another plus is that this tool can be used on almost any assets that are present in the trading platform. The indicator displays a certain number of assets from the market review , however, third -party assets may also fall into the card.
Indicator functions:
Graphic display of the foreign exchange market - the indicator builds a heat card for all or selected tools from Market Watch.
The dynamics of price changes - shows the percentage change in the current price of the tool regarding the closing price of the previous day.
A clear market picture - the indicator helps to quickly assess the situation and identify strong and weak cryptocurrencies.
Indicator settings:
- Panel size (Small/Medium/Large) - determines the size of the block of each tool on the heat card.
- Panel font color - the ability to choose the color of the text on each panel.
- Growth color (up color) - color for tools with a positive percentage change.
- Color without changes (Middle Color) - Color for tools without changes.
- The color of the fall (Down Color) is a color for tools with a negative percentage change.
- Sorting panels - you can streamline blocks by changing the price, by name of the symbol or in the Market Watch order.
- The distance between the panels (0–5 px) - setting up intervals between blocks.
- The number of panels in a string (≥ 1) - sets the number of columns in the heat card.
- The number of displayed tools (5/10/15/20/all) - allows you to choose all the tools or only part from Market Watch.
- Update time (in ticks) - the frequency of data update in accordance with the selected number of ticks.
Additional opportunities:
- The indicator window can be moved to any schedule.
- If necessary, the window can be turned so as not to clutter the screen.
- The display of all tools from Market Watch can increase the load on the computer.
The MP Heatmap indicator is a convenient heat card of cryptocurrencies, which allows you to quickly and efficiently analyze the market situation, identify strong and weak assets and make reasonable trade decisions.