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This is a great suggestion, thank you. I've shared it with the Development Team. We'll need to look into it in more detail. Anyway, I've documented your suggestion on our product roadmap and we will discuss it. Also, thanks for the feedback on Bookmap 6.1 Build 35 -- glad you are experiencing increased performance!
I have noticed some visual scaling issues with Bookmap for equities, due to the large dispersion in spread during ETH. The ETH spread can suddenly or sporadically exceed the trading range of the current day/ previous x days. This creates issues when trying to zoom in/ zoom out and see each day's RTH activity- Firstly it causes significant lag/ performance issues, and then if a stocks spread suddenly widens during ETH, it becomes very difficult to gain a good visual on the previous days trading activity, and you end up being zoomed in too far, or not far enough.
- The solution I propose is to create a new session time input, so a user could choose to only display activity between a user defined period 09:30-16:00
- There are always large volume prints( block transactions at the start(9:30) and end(16:00) of each day, which could skew the volume dots calculation. So being able to set a period of 09:30:01- 15:59:59, might be useful.
*It would also be very useful if you could use the hand icon to drag and scroll the chart up/down( vertical), instead of just sideways( horizontal), so that you could manipulate the heat map without having to expand or contract the vertical price axis.
"Free markets work because they allow people to be lucky, thanks to aggressive trial and error, not by giving rewards or incentives for skill. The strategy is, then, to tinker as much as possible and try to collect as many Black Swan opportunities as you can"
Thank you for reporting this. I will inform R&D Development and certainly document your suggestions. There is a work-around that may interest you. Under File>>Refresh Bookmap>>Schedule, you can keep Bookmap open all week, but each day Bookmap will refresh and start anew at the inputted time of your choice (eg, US Equities cash open). Therefore you will only have the data for that particular day. You can have this repeat every day. You will not retain the week of data, just that specific day, each day.
Regarding the drag tool, I believe the feature you requested already exists. Right-click on the price ladder column, choose Recenter:none. Now hold down the Ctrl key and left click. The Hand icon should allow you to move the chart vertically without restrictions to price activity and recentering. Is this what you requested? Let us know!
Thanks, Bruce, your suggestion re the drag tool is exactly what I requested! Admittedly, I hadn't used Bookmap in a quite awhile before the introduction of your equities product, and there are quite a lot more bells and whistles to what I remember.
I was aware of the refresh tool and it does partially solve my request. However, session time inputs would be a good logical progression.
The main concern for me is still the symbol limitation. I can't really adapt the equities product into my trading because I'm trading a basket of 100+ stocks( 5-6 trade per day) and I'm not alerted to a potential trade until certain conditions are met( Just before I'm about to execute). So it's no good then subscribing to a symbol, and not seeing any of the previous activity for the current trading day- I need to get lucky and hope that my conditions are met in 1 of the 10 symbols I'm already subscribed to in Bookmap. I'm sure that most people who seriously trade equities on an intraday basis have a watchlist, or a trading universe, much greater than 10.
"Free markets work because they allow people to be lucky, thanks to aggressive trial and error, not by giving rewards or incentives for skill. The strategy is, then, to tinker as much as possible and try to collect as many Black Swan opportunities as you can"
Yes, I understand that 10 symbols might be too few, since there are 1000's of US Equities. I'll voice your concern, but this is something regarding dxFeed and not Bookmap. Glad the Drag Tool will do the trick for you. And I'll document the request for session times, you're right, it's the next step.
Thank you for your interest in Bookmap. Bracketed strategies such as this do not exist yet in Bookmap, but I will add your suggestion to our list. As you mention, it is possible to write them in our API, but it does require Java knowledge.
In the meantime, there is a bit of a work-around that may interest you. For example, you could set 3 individual orders with bracketed stops and targets, and then manually move the SL and TP of these orders to the various areas of your choice. I hope this helps for the moment. Thanks again for the suggestion.
I like your suggestion about putting in the orders then manually moving the levels. It works great when it is slow. The issue I have is that when it gets moving fast I can't click fast enough multiple times before the market has moved. So the result is that I don't get entries that are as good as with a single click.
The other workaround I tried was to place a bracket order with the size being 3. That helps me get the perfect entry plus puts the stop in place for all 3 contracts. I then left the stops in place hoping that I could then separate the target portions of the bracket, moving my targets to the 3 levels I wanted. But when trying to move the target it moves all 3 contracts.
I assume there is no way to separate those targets? I tried various combinations of holding ctrl, alt, shift, etc while dragging them but no luck. Otherwise that would be a perfect workaround until a strategy bracketing feature gets added.
I really like bookmap but I have a few questions/suggestions.
With the API, is there any plans to create more indicators for the platform like CVD ? Not all of us are programmers or have time to even get into all that. Maybe as add-on ?
As a suggestion, I'd really like to be able to change the heatmap bid/ask colors. When the cut off is low it gets a bit too confusing and gets hard to see the flips in the book, especially in a fast moving market. Changing heat map ask/bid color (like jigsaw vista) would be very helpful I think.
Yes, we plan to add soon more indicators to Bookmap. some will be on the Bookmap chart and some on the indicator panel. If you wish to have a proprietary indicator, let us know and we'll try to hook you up with developers that work with Bookmap API
Regarding the heat map colors, note that the main reasons to keep same gray colors on both sides are
1. an easy way to compare the total size of limit buy and total size of limit sell
2. it enables to use different color for the BBO (e.g. green & red) which let you see the spread much better
In any case, I've added your request to our list and we'll look into it further