Chart Spots
Hello there, trading enthusiasts! We’re excited to share the latest update that we’ve rolled out on our MarketStats platform – introducing three new types of heatmaps: Trend, Range, and Volume heatmaps.
First off, we’ve designed the Trend heatmap to give you an in-depth understanding of futures contract price movements. It’s quite simple and visually appealing – lighter shades denote price increases, while darker shades signify decreases. This comparison between the opening and closing prices within your chosen timeframe should help you quickly grasp if the price moved up or down.
Then there’s the Range heatmap, your new ally for assessing the market’s volatility. It does so by calculating the difference between the highest and lowest prices within a specific period. The color-coded data brings forth an easily comprehensible visual depiction of the price range, invaluable in chaotic market conditions.
Lastly, we present the Volume heatmap, an innovative tool to visualize the intensity of trading activity. By illustrating the total number of contracts traded in various color tones, you’ll quickly identify periods of high or low market participation.
These heatmaps are available for all our supported futures contracts (ES, NQ, CL, FESX, FDAX, FGBL), across multiple timeframes (15, 30, 60 minutes) and data ranges (from 1 to 4 weeks of minute data).
To give you a peek into how these tools can change your trading game, check out this screenshot of a Trend heatmap for ES using a week’s worth of data in a 15-minute timeframe. You’ll notice all positive values for the second 15-min window, which also lead to another positive result the next day. This is just a taste of the countless profitable strategies you could devise using our new heatmaps.
At ChartSpots, our goal has always been to provide you with the most advanced statistical tools and dynamic indicators, helping you optimize your strategies and unearth profitable trade opportunities. And we strongly believe these new features will bring us a step closer to that mission.
We encourage you to try out these new features and unlock the next level of data-driven trading. Let these heatmaps guide your way to improved market understanding and better trading outcomes. As always, if you have any questions, our team of experts is here to help.
Happy trading!
Kevin is the founder of Chart Spots and has been active in the financial markets since 2016. With a background in IT and business consulting that dates back to 2006, he combines technical expertise with real-world trading experience. Kevin founded ChartSpots in 2017 to provide data-driven tools and insights that empower traders at all levels.
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CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
GOVERNMENT REGULATIONS REQUIRE DISCLOSURE OF THE FACT THAT WHILE THE TRADING IDEAS AND TRADING METHODS SHOWN ON THIS WEBSITE MAY HAVE WORKED IN THE PAST; BUT PAST RESULTS ARE NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. WHILE THERE IS A POTENTIAL FOR PROFITS THERE IS ALSO A HUGE RISK OF LOSS. A LOSS INCURRED IN CONNECTION WITH TRADING FUTURES CONTRACTS, STOCKS, OPTIONS OR FOREX CAN BE SIGNIFICANT. YOU SHOULD THEREFORE CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION SINCE ALL SPECULATIVE TRADING IS INHERENTLY RISKY AND SHOULD ONLY BE UNDERTAKEN BY INDIVIDUALS WITH ADEQUATE RISK CAPITAL.
RISK DISCLOSURE: FUTURES AND FOREX TRADING CONTAINS SUBSTANTIAL RISK AND IS NOT FOR EVERY INVESTOR. AN INVESTOR COULD POTENTIALLY LOSE ALL OR MORE THAN THE INITIAL INVESTMENT. RISK CAPITAL IS MONEY THAT CAN BE LOST WITHOUT JEOPARDIZING ONES’ FINANCIAL SECURITY OR LIFE STYLE. ONLY RISK CAPITAL SHOULD BE USED FOR TRADING AND ONLY THOSE WITH SUFFICIENT RISK CAPITAL SHOULD CONSIDER TRADING. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS
TESTIMONIAL DISCLAIMER: TESTIMONIALS APPEARING ON CHARTSPOTS.COM MAY NOT BE REPRESENTATIVE OF THE EXPERIENCE OF OTHER CLIENTS OR CUSTOMERS AND IS NOT A GUARANTEE OF FUTURE PERFORMANCE OR SUCCESS
ALL INFORMATION ON THIS WEBSITE IS PROVIDED FOR EDUCATIONAL PURPOSES ONLY AND NOT AN OFFER OR A RECOMMENDATION TO TRADE FUTURES CONTRACTS, STOCKS, OPTIONS OR FOREX.
