Baz: Mcdx Heatmap

15 kwi 2021

This indicator is to detect buying and selling momentum based on volume and price action with multiple timeframe mcdx.
Improve version of mcdx to let you see clearly real-time changes in 15mins, 30mins, 1h, 2h, 4h, 1D of the mcdx value.

Heatmap:
Green > Yellow > Orange > Red = Retailer shifting to banker

How it works?
The color subsides based on the resolution of chart, for example



We should focus on larger timeframe, which is >50 on the heatmap. Giving a clear signal that banker is still involved.


For value <50 on heatmap, you get faster signal without changing to smaller timeframe getting all the mcdx value, which save us a lot of time to look at bigger picture what is going on.


For example,


Lets check on each timeframe chart, starting from 15mins
For 15mins and 30min chart, mcdx is < 50




For 1H chart, mcdx is about 50


For 2H, 4H 1D, mcdx > 90