So Ya Wanna Know What’s Hot? Stocktwits Heatmap!

Stocktwits, today, launched a heatmap which will be like a drug for traders.   The heatmap shows the stocks which are garnering the most activity in the Stocktwits stream.   Of course, activity happens for a reason, so it will serve as an interesting indicator for big movers, hot topics, or newsmakers.

In case you’re unfamiliar with heatmaps, there are a few important variables that the map is trying to display graphically for you:  1) The size of the box  2) the color of the box.   Generally, the color of the box corresponds to the change in price of the stock in question over the period in question, and the size of the box corresponds to the company’s market cap.   Note, however, that in the Stocktwits heatmap, the size of the box corresponds to the activity in the stream.  The big boxes are the more-discussed companies.

Users can set the timeframe (1 hr, 6hr, 12hr, 24hr) on the top right of the heatmap.   When you change the time period, the boxes change too.

-KD

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The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

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