Multibook Customizer
What is Multibook Customizer?
Multibook Customizer is a Bookmap add-on that lets you combine up to 5 different instruments of your choice, from different exchanges, into a single custom synthetic instrument.
It’s recommended for advanced traders that want complete control over creating custom synthetic instruments.
Watch this video for a brief overview of Multibook Customizer.
Multibook vs Multibook Customizer
The following table outlines the main differences between Multibook Desktop, Multibook Web, and Multibook Customizer:
Why Use Multibook Customizer?
By creating custom synthetic instruments, you’ll gain access to increased amounts of data and trading activity. This can lead to increased confidence and better trading decisions.
Multibook Customizer gives you complete control over which instruments to combine, allowing you to:
- Develop unique strategies based on synthetic instruments
- Visualize aggregated trading activity
- Combine multiple order books into one
- See a more complete picture of the overall market
- Spot market aggressors in real-time, across different exchanges
- View massive amounts of data conveniently from one chart
- Gain confidence in specific support and resistance levels
How to Install Multibook Customizer
If you already have an active paid subscription, move on to step 2. If you are a free (Digital) subscriber, first you need to upgrade to Bookmap's Digital Plus, Global or Global Plus package on a monthly, yearly or lifetime basis. Click here to upgrade.
Once upgraded to any paid subscription, click here to add Multibook.
Check the box next to the Multibook and click Next at the bottom of the page. You should see the following message:
Launch Bookmap version 7.1.0 b57 or newer, and subscribe to at least two instruments (trading pairs). Here is the link to the latest Bookmap Beta 7.2.0.
Before you install Multibook, please install the crypto adapters first. Here is the guide on how to install adapters.
Download the add-on. Click here for direct download.
Click on the API plugins icon to open the API plugins configuration panel (or Settings → API plugins configuration).
- In API plugins configuration, click on the “Add” button and then select the Multibook from the “Select add-on file...” dialogue window. Locate the downloaded file and click on the “Open” and then “Load”.
- Multibook will appear in the list of available plugins. Click on it to see the indicator’s settings, and then click on the checkbox near the indicator’s name to activate/deactivate the indicator for the instrument opened.
How to Configure Multibook Customizer
To create a synthetic instrument with Multibook, you need to be connected to one or more exchanges and to be subscribed to the instruments you want to combine. We recommend starting using Multibook with these adapters: Binance, Bitstamp, Coinbase, and Huobi.
If you go to Settings → Configure add-ons and then select Multibook, you will see the settings parameters to edit or create a Multibook instrument. You can combine from 2 to 5 instruments into one consolidated instrument. Make sure you are connected to some exchanges.
To create a Multibook chart, first, you define a name for this synthetic instrument, and then you can choose the details of what you want to see from each instrument. Let’s move on to the checkboxes, and we will come back to tick size and size granularity after.
- Depths Check this box to see the liquidity of each instrument combined in the heatmap. You must select at least one to generate a chart.
- Trades These are the trade bubbles and volume delta that represent aggressive market order transactions. You can choose to see only the trades of a single instrument on an exchange or multiple trades across exchanges. Please note, if you select more than one instrument, you may see trades transacted above or below the best bid or ask. It is because prices are different across exchanges, as previously mentioned. You can also edit which trades are visible after the Multibook instrument has been created.
- Best Bid and Offer (BBO) If you don’t select any BBO, the chart will show two lines by default. It is the virtual mid-price across an aggregate of the instruments you have chosen. You can also select to view the BBO of each individual instrument and modify its colour. The name of the instrument and exchange is shown when you hover your mouse over the BBO lines. You can also modify which BBOs to see after the Multibook instrument has already been created.
You might want to compare the BBO between several instruments in the Multibook chart. To do so, enable the corresponding BBO checkbox(es). Their default colours are set randomly (but collisions may occur), and for best bid and best ask lines of the one instrument, colours are the same. You can change any colour with a colour picker that can be found by clicking on the “expand” button near the corresponding instrument name.
Hover over an additional BBO line to see what instrument it belongs to.
Tick Size and Size Granularity
These values have already been optimised for the default Multibook instruments, but you will need to experiment if you want to create your own synthetic instruments.
Tick size is the vertical scaling of price levels. In other words, the minimum price change. This will be different depending on your particular trading style and how finely you want to see changes in price.
Size granularity is the minimum size of transacted trades and liquidity in the order book you would like to see, as well as the minimum size to trade.
Notes
Users are free to combine any instruments. However, we recommend only using the current version of the addon with cryptocurrencies.
To create a Multibook with the instrument you are interested in, you need to subscribe to it first.
If you unsubscribe from one of the instruments, you will automatically unsubscribe from all the Multibook synthetic instruments that use it. Multibook is not trading capable.
Multibook supports crypto and futures (except Dxfeed).
Reset/inherit chart settings features are not stable and can result in crashes. Please do not use these features.
The performance of Multibook with futures products may be worse than with spot. It will be fixed in future releases.
Need help? Please join our Discord Community Chat here: https://discord.gg/rR2XQpzjwp.
Multibook Customizer FAQ
How many instruments can I consolidate per Multibook chart?
You can combine from 2 to 5 instruments into a single Multibook chart.
What exchanges are supported?
All the crypto exchanges that Bookmap can connect to can be manually included in Multibook. To see the full list go to the knowledge base. In Bookmap 7.3, the default consolidated exchanges for ETH-USD and BTC-USD are Binance, Bitstamp, Coinbase, and Huobi.
Can Multibook run with 7.1 or 7.2?
Yes. Multibook can be used with the latest Bookmap versions 7.1, 7.2, and 7.3. Note that automatic installation of the adapters & add-on is available in version 7.3 Alpha only.
Can I trade from the Multibook chart?
No, this feature has not been implemented yet.
What is the price of the Multibook add-on?
For a limited time only, the Multibook add-on is offered free of charge to all paid subscribers (Digital+, Global, Global+). As long as the paid subscription is active, Multibook will remain free of charge even when we start offering Multibook for purchase.
Note that after cancellation, free access to Multibook can't be retrieved even when resubscribed.
How can I switch between ETH-USD and BTC-USD workspaces?
If you install Multibook with version 7.3, you can easily switch between ETH-USD and BTC-USD default workspaces. Just go to File menu → Open workspace and select the workspace you need.
Is the add-on available for Mac?
Yes, however the latest build isn’t optimized for Mac. This means you may run into performance issues. In such cases, you will have to manually allocate more memory to Bookmap since the slider in the application doesn’t work. You can do this from the File menu on your Mac, selecting Get Info, then Memory (in versions before Mac OS 8.5, you only need to select Get Info).