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Heatmap Gradient Scale Metatrader 4 Forex Indicator

The Heatmap Gradient Scale forex MT4 indicator analyses and displays the strength of the trend from 25+ currency pairs.

The Heatmap indicator uses different colors to display the strength of the trend:

  • Green colored box: strong up trend
  • Light green colored box: weak up trend
  • Red colored box: strong down trend
  • Light red colored box: weak down trend

You can choose from the following display options:

  • Heatmap (default)
  • Gradient
  • Scale

The green and red colored currency pairs are the most interesting ones to trade because they are trending strongly, either up or down.

Always confirm trades taken from the Heatmap Gradient Scale forex MT4 indicator with additional analysis tools.

Free Download

Download the heatmap-gradient-scale.mq4” MT4 indicator

Example Chart

The EUR/USD 1-hour chart below displays the Heatmap Gradient Scale Metatrader 4 indicator in action.

Basic Trading Signals

Signals from the Heatmap Gradient Scale MT4 indicator are easy to interpret and goes as follows:

Buy Signal: Initiate a long trade when the indicator displays a green box. It indicates that the pair is in a strong uptrend. Confirm the uptrend with other technical indicators or analysis tools.

Sell Signal: Initiate a short trade when the indicator displays a red box. It indicates that the pair is in a strong downtrend. Confirm the downtrend with other technical indicators or analysis tools.

Avoid to trade light green or light red colored currency pairs. The trend is weak in this case.

Trade Exit : Use your own method of trade exit.

Download

Download the heatmap-gradient-scale.mq4” Metatrader 4 indicator

MT4 Indicator Characteristics

Currency pairs: Any

Platform: Metatrader 4

Type: Chart pattern indicator

Customization options: Variable (heatmap, scale, gradient) Colors, width & Style.

Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month

Type: heatmap

Installation

Copy and paste the heatmap-gradient-scale.mq4 into the MQL4 indicators folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Indicators (paste here)