Market Pulse Web
Free Beta Until June 30th 2023
Until June 30h everybody can test drive the new Market Pulse Web for free!
All algorithms and subscriptions to all possible crypto providers are available, all you need to do is open the page.
What is the Market Pulse?
Market Pulse is a monitoring system consisting of multiple per-instrument widgets. Each widget measures and displays events that are generated by different sources, for example: order flow, order book, options, liquidations, or other special events like stops or icebergs. Market Pulse allows you to monitor multiple instruments and gain a better understanding of market behavior, all in one place.
Each widget contains a unique algorithm. This algorithm processes the data based on a specific logic, and displays the output of the calculation on the widget. All algorithms include a notification system to notify users about a certain event, or to notify of the crossing of a threshold.
To start using Market Pulse Web, simply follow this link: https://mpulse.bookmap.com/workspace.
Market Pulse Web VS Market Pulse add-on
In both versions Market Pulse provides traders with a great number of tools for analysing markets, however below are the key differences between Market Pulse Web and the full Market Pulse add-on for Bookmap.
| Market Pulse Web | Market Pulse add-on for Bookmap | |
|---|---|---|
| Start using | Available by the link: https://mpulse.bookmap.com/workspace . Can be used on the desktop, mobile, or any other device with a browser. Read more. | Available only on desktop. To start the add-on you need to install and configure the Bookmap desktop app. Read more. |
| Data sources | Can be used with the 30 most popular crypto instruments and multibook. | Can be used with thousands of different instruments: crypto, stocks, and futures. Read more. |
| Historical data | Not available for now. | You can load any amount of historical data, restricted only with the Bookmap license. Read more. |
| Algorithms | 2 algorithms: Volume Pressure and Price Change. Read more. | Tens of algorithms. Read more. |
| Algorithms customization | For each algorithm you can choose one of 3 presets. Read more. | Fully customizable, you can accurately configure all parameters, which opens a new edge in tracking of special events. Read more. |
| Sound notifications | Could be restricted by the browser. Read more. | No restrictions, fully adjustable. Read more. |
| Detached widget | Not possible to detach. | Can be detached, less screen space is needed. Read more. |
| API | Can be accessed via the websocket API. Custom algorithms can be loaded to the server. Read more. | Can be accessed via the java API. Custom algorithms can be loaded into the add-on. Read more. |
How to add widgets?
To open the “widgets adding popup” hit that huge button with the plus sign
Select the data source and algorithm and select the widget on the right side of the popup. After the selection, it will appear on your workspace page.
Control elements
Delete all and Mute all widgets
Delete all button closes all working widgets, and is much faster than closing them one by one.
Mute all mutes all working widgets. It is much faster than muting widgets one by one, and is especially valuable if excess sound notifications are annoying you, or you want your device to be quiet for a moment.
Widget control elements
To open control elements click the cog icon in the widget title.
Period selection
Each algorithm tracks the deviation from the standard situation on the market. To identify which situation is normal, the algorithm should pick the historical interval for the comparison. In the widget configuration popup, we have control of this period:
The short represents 5 minutes
The medium represents 15-30 minutes.
The long represents 1 hour.
Threshold
This slider defines the minimum threshold for a sound to be played as a percentage value. The higher this parameter, the fewer sound notifications that will be played.
Audio files
Audio files are used for sound notifications. Different sound files can be set for positive/negative values, such as being based on buyers/sellers.
Volume
This slider controls the volume of the sound alerts for that specific widget. This allows you to prioritize more important widgets with a higher notification volume.
Algorithms
This section contains the algorithms’ descriptions and algorithm-specific control elements.
Volume Pressure
Volume Pressure is a technical analysis indicator that measures the total buyers and sellers Volume Pressures in the market. It calculates the deviation of the pressure from the average on an interval. The percentage value shows how close the current deviation is to the max deviation, that was detected on the interval.
All the values will be shown on the Double bar widget.
Price Change
The Price Change calculates the deviation of the last trade price from the average on an interval. The percentage value shows how close the current deviation is to the max deviation, that was detected on the interval.
All the values will be shown on the Circle widget.
Widget structure
Common elements
All the widgets have a:
- Widget name.
- Mute button: to mute/unmute the widget.
- Close button: to remove the widget.
- Loading state, which will appear when the data is being calculated or there are no events to process, or connection errors.
Double bar widget
The Double bar widgets contain:
- The indicator bars with absolute values overlayed on top of them are split into buyers and sellers.
- The Maximum value on the given period.
- The Threshold line, so long as the widget is not muted, will play a sound whenever the threshold is crossed.
Circle widget
The Circle widgets contain:
- The Absolute value of the asset, in the middle and in bold
- The Relative value showing the deviation of the absolute value during the given interval.
- The Indicator circle as a visual representation of the relative value, color coded for the value increase and decrease.
- The Threshold line, where so long as the widget is not muted, will play a sound whenever the threshold is crossed.
Sound system
The sound system reacts to changes in the current value. It has a configurable threshold, which when crossed causes a sound to be played. The current value depends on algorithm parameters, which we recommend configuring first.
Initially, we used Geiger counters and metal detectors as our reference for developing the Market Pulse sound system. The closer it is to uranium/metal, the higher the frequency and the speed of the sound. The same concept is used for our algorithms - the frequency of the played sounds depends on the value above the threshold; the higher the threshold-crossing value, the more frequently the sound is played.
Example:
Sound notifications for different bars mean that the corresponding value of that bar in comparison to its previous values has been growing fast enough and has crossed a certain threshold. The more frequently sounds are played, the closer the value to the expected maximum value.
So the values can be compared by sound. Let’s look at the Volume Pressure
Example #1: you hear the sound and over time the frequency of the notifications is increasing.
- This means the relative value is increasing, in other words something big that requires your attention is happening.
Example #2: you hear the sound and over time the frequency of the notifications is decreasing.
- That means the relative value is decreasing, in other words something big was happening when the value crossed the threshold and now the market is stabilizing.
FAQ
What is the difference between setting up the Market Pulse Web and Market Pulse add-on for Bookmap?
To start using Market Pulse Web, simply follow this link: https://mpulse.bookmap.com/workspace.
To start the Market Pulse add-on for Bookmap you need:
- Install and activate Bookmap Read more.
- Configure the data source Read more.
- Subscribe to the instrument Read more.
- Install and configure the Market Pulse add-on Read more.
What is the browser restriction on the sound play?
It depends on the browser, but most of popular browsers optimize the performance, so they could disable the scripts on the page if it is not in focus. That means that it is possible that widget will stop playing sounds after a while if the Market Pulse Web workspace will not be in focus.
How to get access to the Market Pulse API?
There are different types of API:
- Web Websocket API to get signals from the widgets in a programmatic way
- Web Algos API to be able to write your own algorithm, place it on our server and use in the workspace, sell it to others or to get signals via Websocket API.
- Desktop Java API to get signals from the widgets in a programmatic way
- Desktop Java Algos API to be able to write your own algorithm, place on your computer locally, connect to Bookmap and use it in the Market Pulse add-on. You can also sell it on our marketplace to others or to get signals via Java API.
To request the API access fill the form.
How can I provide my feedback on Market Pulse Web?
Please feel free to fill out a quick survey.