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This thread is intended to attend to the needs and questions of our community of traders. The thread will cover various issue related to the operation and use of Bookmap such as:
1. Use of the various features included in Bookmap.
2. Working with the Bookmap API including examples of strategies and indicators related to Order Book and Order Flow.
3. A place to post feedback and requests or suggestions for new features or capabilities you would like to see in Bookmap.
4. A place to share your experience with Bookmap and you insight about Bookmap utilization
We also encourage the Java developers among you to join and contribute to a lively discussion with your experience of the Bookmap API.
Best regards
Bookmap team
Can you help answer these questions from other members on NexusFi?
@Bookmap hi there could you please post examples or samples of Guide/Videos on how bookmap integrates cumulative delta and how it might be useful to the trader/ or how it maybe used.
Also is this a per session/bar delta...or can there be instances of Multi day delta
Bookmap's Cumulative Volume Delta (CVD) start from when when you open Bookmap and connect to live data. It cannot add in previous data. However, there is a Reset button which allows you the reset the CVD and begin the accumulation of the delta anew. This can be very handy if you want to choose a specific point and study the delta at that point, without the dilution of previous data. I'd be happy to demo this for you if you like. Reach out to me at [email protected] and let me know. Also, please visit https://bookmap.com/strategies/ to read more about the Bookmap CVD and other API automated trading strategies and indicators. I will also post user case scenarios in this forum for using Bookmap's CVD.
Please note that the exchange doesn’t provide the indication of iceberg volume so the detection is done based on Bookmap algorithm that attempts to detect those iceberg places.
In 4.5 we improved the detection algorithm and the effect was fewer false detection of icebergs. We believe it is more accurate now because we developed the improvement based on raw exchange data.
Still, when Bookmap shows the iceberg it is not guarantied to be 100% accurate every time and you may find differences between the market data vendors that Bookmap supports. Main reason is that each data vendor transmit the data slightly differently and this affects the iceberg detection algorithm.
"My volume dots are getting big when trading session starts, also I don't understand how to use the volume dots, can you please advice? image or video would be great."
I just tried out my Bookmap demo for the first time and it is well put together. I couldn't make sense of the orderbook side but using the test data and following around the bid/ask line as well as the horizontal volume bars-- I was able to get in the flow of things and scalp in and out while kinda of getting an idea of how things work. What are the best videos to get a true understanding of how it work?