The above screenshot demonstrates the Scalping DOM indicator with the heat map in action (1).
- dark blue cool colours correspond to low volumes in the DOM;
- yellow and orange shades indicate high volumes that are likely to reveal the interest of an important market participant.
Analyzing the heat map, you can notice the activity of a limit buyer (2). Apparently, this is a major player’s robot buying up assets at a breakout of the local resistance level (3).
This is just one of many examples showing how a heat map can be an easy and useful instrument for tracking the actions of big players in order to uncover their intentions and get some ideas about directions that the price will move.
Use the heat map in ATAS indicators for:
- finding more accurate entry points – minimize the risk;
- learning – study the markets safely in the Market Replay mode, use the heat map to track the behaviour patterns of big players in the DOM.