Heatmap
When looking for trading opportunities and preparing a game plan, traders must thoroughly analyze the market movements using multiple indicators and examine many signals. Two of those important TA attributes are support/resistance levels that act like barriers, preventing price to move in a certain direction.
To easily represent the short term resistance/support levels, we’ve created a Heatmap tool, which visually displays the limit orders from the order book of a particular exchange on the price chart.
MAIN FEATURES OF THE HEATMAP:
Color coded sizes of limit orders, highlighting strong short-term support/resistance levels
Updated in real time, displaying current liquidity
Updated in real time, displaying current liquidity
YOU''LL BE ABLE TO VISUALIZE THE HEATMAP FOR EIGHT CURRENCIES :
YOU''LL BE ABLE TO PULL DATA FROM FOUR POPULAR CRYPTOCURRENCY EXCHANGES:
SEE WHAT USERS THINK ABOUT THIS TOOL:
“Figuring out the support/resistance levels is so easy now that I know of this tool! Never going back to manually checking orderbooks.” - Marios Ruggeri
“Determining entry and exit points has never been easier. The tool displays all the open orders so well it’s just too easy to gain an advantage over the rest of the market participants.” - Lew Pittaluga
The heatmap will be a part of the set of tools we offer in the premium NewsCrypto membership. You can unlock the professional tier here and when the heatmap tool will be live, you will be able to gain insight into what market participants are doing and a quicker overview of the orderbook.
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