Strength Level extension (especially for stocks)
Posted: Wed Sep 28, 2022 10:01 pm
I see tremendous potential for expansion in Bookmap's Strength Level Indicator. Especially for stocks, since there are many different exchanges and no matter which subscription you take out, you don't have an overview of the entire liquidity. In the underflow setting, the strength level indicator already shows the difference between the traded volume and the liquidity in the order book. It would be a great help if you could display the delta between BID and ASK. Either time-based or even better displayed within the selected chart range at a fixed place within the heatmap (e.g. top right) similar to how the outside liquidity is displayed.
Thus, one could easily recognize absorptions in the stock market. I hope to implement it as soon as possible.
Thus, one could easily recognize absorptions in the stock market. I hope to implement it as soon as possible.