Price Heatmap from a Price Histogram with Long-Term Peak Lines

Summary

The document describes an indicator that displays a price heatmap derived from a price histogram. It also identifies a purple dotted line as a peak-lines indicator based on a long-term price histogram. Together, these visual elements present histogram information continuously alongside longer-term peak levels.

The material explains what the display components represent, but does not specify how the histogram is calculated, how peaks are defined, or how a trader might use the levels to make decisions. It provides no settings, examples, performance evidence, or discussion of market conditions where the display may be useful. The indicator can therefore be understood as a visualization of price-histogram and peak information, rather than as a fully described trading method.

Key ideas

• The heatmap continuously displays information from a price histogram.
• A purple dotted line represents peak levels derived from a long-term price histogram.
• The document does not define the calculation or trading rules for either display.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.