Currency Heatwave: Forex Tool 5.8

FXLabsplus Technologies LLC – Freeware – iOS
out of 352 votes

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Currency Heatwave is a trading app that focuses on helping traders understand and analyze important parameters for trading. It goes beyond the basic movement of instruments and simplifies complex parameters into a graphical format, enabling traders to make split decisions when buying or selling currencies.

The app consists of 6 screens that cover 4 key aspects of trading: Currency Strength, Volume, Volatility, and Sentiment.

On the Home Screen, users can easily gauge currency strength with an innovative pie chart. A glance at the chart reveals both strength and weakness, denoted by expanded and contracted portions respectively. The strongest currency is represented by a green arrow, while the weakest currency is indicated by a red arrow. The screen also offers a Multi Timeframes feature.

The Currency LeaderBoard Screen aims to identify breakouts and determine the direction of trending currency pairs. It provides a simple yet effective tool for achieving these objectives.

The Strength Screen displays currency strength and weakness in an easy-to-read meter format. The extreme green represents maximum strength, while the extreme red signifies maximum weakness.

On the Volume Screen, currencies are presented in a cylindrical volume format, showcasing the highest and lowest volumes being traded at any given moment. The green arrow indicates the highest volume, while the red arrow points to the lowest volume.

The Volatility Screen illustrates the highest and lowest volatility of currencies using a Yo-Yo format. It displays the maximum and minimum volatility movements for each currency in real-time, with a green arrow representing high volatility and a red arrow representing low volatility.

The Sentiment Screen provides information on bullish and bearish sentiment for specific currencies at any given moment. A bullish sentiment of more than 50% suggests an upward acceleration bias, while a bearish sentiment of more than 50% indicates a downward acceleration bias.

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