[Algoros] Bitcoin Risk Heat Map

Bitcoin Risk Heat Map v2.0 — How to use

Purpose: A BTC daily risk “temperature” overlay that colors price from colder blue (lower risk) to hotter red (higher risk), plus an optional on-chart thermometer barometer.

1) Required setup (important)

• Symbol: Best results on BITSTAMP:BTCUSD. Also supports BTCUSD, BTCEUR, BTCCHF, BTCGBP, BTCAUD, BTCJPY.
  
• Timeframe: 1D (Daily).
  
• Chart type: Standard candles or line (avoid non-standard chart types).
  

If you pick the wrong symbol/timeframe/type, the script can show an on-chart warning message.

2) What the colors mean

• Colder (blue/aqua/teal): lower risk conditions (cooler market “temperature”).
  
• Neutral (lime): mid / balanced conditions.
  
• Hotter (yellow/orange/red/maroon): higher risk conditions (hot market “temperature”).
  

3) Visuals

• Colored BTC price overlay: the BTC price line is colored by the current risk level.
  
• Heat band: a colored band around price. Control thickness via Heatmap width.
  
• Thermometer / Barometer table: enable/disable via Show Heatmap Barometer.
  

4) Settings

• Heatmap width: controls how wide the colored band is drawn around price.
  
• Show Heatmap Barometer: toggles the thermometer-style table at the bottom.
  
• Component weights: you can change the weight of each sub-component to adjust the risk model emphasis.
  

5) Using it together with Bitcoin Profit Scout (recommended)

This combination makes perfect sense:

- Buy signals from Bitcoin Profit Scout in red/hot areas of the Bitcoin Risk Heat Map may be riskier than buy signals in colder blue areas.
- Vice versa, sell signals in red/hot areas might be stronger than sell signals in colder blue areas.

Example screenshot (Bitcoin Profit Scout + Bitcoin Risk Heat Map)

Free video walkthrough + deeper explanations

If you want a step-by-step video walkthrough and additional explanations/examples for Bitcoin Risk Heat Map, you can access them on our website (free): algoros.ai/member/courses

Notes / expectations

• This is not financial advice; always use risk management and position sizing.
  
• The heat map is designed for daily BTC charts. Other symbols/timeframes will degrade results.