Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
I don't know much about the following platform, but, check it out. It looks like they only have crypto right now. I am not sure if they are going to add futures and equities.
For visualizing this and full MBO try Rithmic + Bookmap.
Very clean visualization. Give it a few weeks to get used to it, and start off slow before zooming in too much- the speed and detail can be very compelling to work with, but you need to adjust to it first.
I've used bookmap for a long time. But later found better solutions
Bookmap is not even close in terms of usability of provided information. The only thing they are good at is marketing. And their support... one of the worst experiences in the industry
ie now I can see icebergs, know if it was bid or ask iceberg, exact price, how large it was, if it was filled fully or partially, how much was reloaded and the most important IF IT'S STILL THERE waiting to be filled
Second thing is visualisation of large orders. If large order hits the market and takes several levels of liquidity to fill I will see it as it was placed, ie I will see if someone hit the bid with 1000 contracts order. I see order ID, size and exact position of that large player. Bookmap in such case will insist it detected iceberg whitch is totall bs. Or it will show nothing because it can't track single large orders
Third thing: HFT activity. Guys from bookmap sell the story that they developed it to monitor HFT activities. Yet it's just an ordinary heatmap and contains ZERO of visual aids to help you show what the HFT's are doing. I use QuantPrint tool for that and if you are interested you can google it and see it's possibilities, you can use it to show multiple kinds of hft activity and when exactly this activity changes. It can even track cross-market market making correlations
Compared to that tools bookmap is just a nice looking heatmap. And you probably know that now you can configure Sierra Chart to show very similar looking heatmap completely for free
I am asking about a standalone product from Ninja Cators, not if Ninja Trader can have this or not. (Maybe you read it wrong or I am missing something).
You can Google Iceberg detector and go on their website as I cannot post links here. Thanks.
Can you tell us how you manage to see all that. Is it on Sierra chart (except for the quantprint tool).
I agree r.e. Bookmap. It has lots of info and looks great when backtesting but using it in realtime was nowhere near as clear. Too much info and very poorly presented. I also thought their iceberg indicator was bullsh*t but could never work out why I thought that
Now I know why...