Heat Maps
Overview
Because HEX is still less than 2 years old, we will use a 100 day moving average heat map model
to compensate for currently limited price data.
This indicator use a color heatmap based on the % increases of the 100 day moving average.
Depending on the week-to-week % increase of this moving average, a color is assigned to the price chart.
The risk chart beneath the 100D MA heat map simply plots the same heat map but
without the color code, and normalized to range from 0 to 1.
How To Use
Long term HEX investors can monitor the weekly color changes. Historically, when we see purple and pink dots assigned to the price chart, this has been a good time to sell HEX as the market overheats. Periods where the price dots are red and orange have historically been good times to buy.
Created By
Gerardo - @gerawrdog
100D MA Weekly %Δ: Heat Map
100D MA Weekly %Δ: Risk Metric
Regression Rainbow Heat Maps
This indicator use a color heatmap based on the % increases of the price extension from our exponential fit.
Depending on the week-to-week % increase of this extension metric, a color is assigned to the price chart.
The risk chart beneath the extension from fit heat map simply plots the same heat map but
without the color code, and normalized to range from 0 to 1.
Extension from Fit: Heat Map
