The values of the cutoff can be controlled by either a percentage slider or by manually entering an exact number of contracts. The cutoff values define the sizes which will be displayed with a solid colour reserved for representing the highest (and lowest) liquidity sizes on the order book (e.g., white or black in case of a grayscale heatmap). Upper and lower cut off appear in the Heatmap settings window that can be opened either from the studies panel or by clicking the contrast slider above the chart. In addition, users can adjust the contrast and brightness of the display by using relevant sliders in the Contrast settings window.įor more heatmap display customization, users can control upper and lower cut off and also define the degree of discernibility of price levels with a relatively large number of pending orders.
click on the studies icon (microscope) and then on Heatmap.īoth will open the Heatmap settings window.įrom the Heatmap settings window, click on the Advanced colour map settings and tick the adjustment options you want to use. click on the contrast slider icon above the chart or. 
It can be set to adjust at predefined frequencies and every time the chart recentres. Users can also determine how often Bookmap will adjust the heatmap contrast. To learn more, watch this instructional video.Īn internal algorithm automatically adjusts the contrast of the order book heatmap, based on the maximum size of the order book and the distribution of pending orders at different price levels.
Layering VWAP information relating to the candlestick-specific time period. OHLC display based on trades or combination of trades and bid-ask prices. Set candlestick attributes by clicking the candlesticks box in the studies panel and configure the relevant parameters on the right side of the studies panel. To display candlesticks, click the studies icon above the chart and select candlestick bars. The combined view can assist traders accustomed to a candlestick and can also enhance traders’ performance by allowing them to apply analysis from multiple disciplines. Candlestick Viewīookmap uses a candlestick view of the price that can be layered over the heatmap view to combine the traditional price view with the market depth. The main chart includes other indicators such as VWAP, Iceberg Tracker, etc.Īlso, you can see your orders while trading from the chart. Watch this video to learn about Heatmap Settings.įor additional settings, Watch this video. You can configure visual representations of all chart elements by right-clicking on the main chart to open the settings menu. In all three cases, the colour represents the aggressor's side: green signifies buyers, red signifies sellers. Best bid and offer lines represent price for the highest buyers and the lowest sellers. Volume bars represent the volume traded in a given timeframe. The bigger the dot, the larger the volume is. Volume dots represent the traded volume per time at a specific price. You can also change the intensity of the heatmap colours or use greyscale. Colder (or bluer) colours – ending with dark blue – indicate lower liquidity. The redder the colour, the higher the liquidity. You can see the scale of the Heatmap in the toolbar. The Heatmap shows a graphical representation of liquidity in the current and historical order book.
0 kommentar(er)
