The MarketDelta Blog

In the most recent version (download here) we have added heat map functionality to the profile indicator. Heat mapping is very useful and is sure to be a hit with many of our users. The 4 minute video below shows how to add it to a chart and modify the settings.

To change the width of the heat map just edit the pixel width as show below. This option is only active for single profile configurations of the profile indicator (all data, custom, etc)

One idea on how this can be used would be to add 2 or more heat maps to a chart and see how the high and low volume levels relate. Below is an example of a daily ES chart showing a 30 day and a 100 day heat map profile. Here is the chart definition.

Here is another example of a Footprint profile chart showing a heat map of the last 2 days. Note how the heat map is also showing the value area high and low, as well as the the POC.

Another benefit of using heat maps instead of normal volume distributions would be that the heat map provides a better visual of volume activity and can help reinforce the idea of high volume and low volume.