$$
\LARGE\textsf{WHYTHEHEATMAP?}
$$
$$
\small\textsf{~WHATIS
The HEATMAP is a historical version of the DOM, and TAPE combined. The HEATMAP shows everywhere price has been with two brightly colored lines; the bid and the ask.
Passive buyers/sellers are represented on the HEATMAP as colored lines.
Aggressive buyers/sellers are represented on the HEATMAP as bubbles.
The HEATMAP moves to the right as fast as the TAPE is moving. More volume will result in faster horizontal movement.
$$
\small\textsf{MISCONCEPTIONSWITHTHE~~HEATMAP}
$$
I don’t need to understand the HEATMAP to trade order-flow.
HEATMAP just complicates everything.
I need to spend a lot of money to use a HEATMAP.
The DOM is better.
What are the advantages of a HEATMAP?
$$ \small\textsf{~~~~~~~~RESOURCES} $$
