The HeatMap, Gradient, and Scale indicator for Metatrader 4 (MT4) displays the daily percent change for all trading instruments visible in the market watch window.
The indicator pops up in the main MT4 chart.
Colors and layouts can be fully modified in the indicator’s inputs.
It gives you a handy overview of which assets are trending and which are moving sideways.
Free Download
Download the “HeatMap-Gradient-Scale.mq4” indicator for MT4
Indicator Chart
The example chart below displays the HeatMap-Gradient-Scale mt4 indicator in action on the trading chart.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Trade Style: Works for scalping, day trading and swing trading
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: Daily percent change
Does the indicator repaint? No.
Heatmap Gradient + RSI Triple Stochastic MT4 Scalping Strategy
This MT4 scalping strategy combines the Heatmap Gradient and Scale Forex Indicator (MT4) with the RSI Triple Stochastic Divergence Indicator (MT4).
The Heatmap shows the daily percentage change for each currency pair, allowing you to identify which pairs are moving the most today.
The RSI Triple Stochastic gives quick scalping triggers: a blue histogram above zero signals buys and a red histogram below zero signals sells.
Use the Heatmap to pick a strong pair and the histogram to time the entry on M1 or M5 charts.
Why this combo works
The Heatmap filters the market. It highlights pairs with clear momentum. Trading only those pairs raises the chance of a clean move.
The RSI Triple Stochastic times entries. The histogram shows short bursts of momentum that suit scalping. Combining both reduces noise and improves trade quality.
Timeframes and who should use this
This is a scalping method for M1 and M5 charts. It suits active traders and intraday scalpers. It is not for swing traders.
Trade major pairs with low spreads such as EURUSD, GBPUSD, and USDJPY.
Avoid exotics and avoid trading during major economic news.
Buy Entry Rules
- Heatmap: select a pair showing a clear positive daily percent change compared to other pairs.
- Chart: on M1 or M5, wait for the RSI Triple Stochastic histogram to turn blue and print above zero.
- Entry: buy at the close of the confirming candle once the blue bar appears.
- Stop loss: 6–10 pips on M1, 12–20 pips on M5, or just below the recent swing low.
- Take profit: 8–15 pips on M1, 15–30 pips on M5.
- Optionally trail the stop after the trade moves in your favor by the stop amount.
- Position size: risk no more than 0.5–1% of account per trade.
Sell Entry Rules
- Heatmap: choose a pair showing a clear negative daily percent change relative to others.
- Chart: on M1 or M5, wait for the RSI Triple Stochastic histogram to turn red and print below zero.
- Entry: sell at the close of the confirming candle once the red bar appears.
- Stop loss: 6–10 pips on M1, 12–20 pips on M5, or just above the recent swing high.
- Take profit: 8–15 pips on M1, 15–30 pips on M5.
- Use a trailing stop after breakeven plus a few pips if you want to capture larger moves.
- Position size: keep risk small to survive periods of losses.
Advantages
- Quick filters. The Heatmap narrows the market to a few good pairs.
- Simple triggers. The histogram gives clear, repeatable entry signals.
- Works well in active sessions like London and New York.
- Easy to backtest and adjust for pair volatility.
Drawbacks
- Small targets mean spread and commission matter.
- Fast reversals during news can flip the histogram quickly.
- Requires attention. Not suitable for set-and-forget trading.
Case Study 1 — EURUSD, M1 long
In London open the Heatmap showed EURUSD among the top movers with +0.40% daily change.
On the M1 chart, the RSI Triple Stochastic histogram printed a blue bar above zero.
Entry: buy 1.09320 at candle close. Stop: 8 pips below entry at 1.09240. Take profit: 12 pips at 1.09440.
Outcome: price reached TP in eight minutes for a clean scalp.
Case Study 2 — GBPUSD, M5 short
New York session, the Heatmap showed GBPUSD down −0.30% on the day.
The M5 histogram turned red and formed a new red bar after a small rejection candle.
Entry: sell 1.27120 at candle close. Stop: 18 pips above entry at 1.27300. Take profit: scaled target at 24 pips at 1.26896.
Outcome: price moved down steadily. A trailing stop locked 16 pips before final exit.
Strategy Tips
Trade session and spread
Only scalp during the active session for the pair. Check the spread before entering. If the spread is wide, skip the trade.
Use clear Heatmap edges
Prefer pairs with a visible gap on the Heatmap. A small percentage difference often leads to weak moves.
Skip noisy setups
If the histogram flips colors rapidly, do not enter. Wait for a clean, single-color bar and a candle close.
Record and review
Keep a short log of entries, stop, TP, and outcome. Review weekly to refine stop and take profit levels per pair.
Download Now
Download the “HeatMap-Gradient-Scale.mq4” indicator for Metatrader 4
