Outside Liquidity
What is the Outside Liquidity Add-on?
As the name suggests, this add-on shows liquidity that is outside the visible part of a heatmap. Liquidity is a sum of the sizes from price levels. You can see the difference between asks and bids in the inside corners of an active heatmap. The indicators in the inside corners on the left show the values that correspond to the time at the left end of the chart. The indicators in the right corners correspond to the timeline or the right edge time.
Outside Liquidity can be downloaded via this link: https://bookmap.com/addons/outside-liquidity. Installation instructions are below.
Configuration
Indicator mode
On this panel you can choose the way indicators will be shown.
Show the bid and ask liquidity
With this checkbox selected, you will see standard indicators in the 4 corners of the active heatmap. The add-on will sum the size of every price level above the limit for the top indicators and price levels below the limit for the bottom ones. By default, the limits are the first price levels above and below the visible screen.
Show the difference between the bid and ask liquidity
With “Show the difference between the bid and ask liquidity” selected, you will see only 2 indicators in the bottom corners of the active heatmap: These will show the delta of bids and asks. If the bids liquidity is bigger, the icon will be green, otherwise, it will be red.
Show the liquidity and the difference
In this case, you will see the indicators from the previous two mods combined.
Limits on price levels
Here you can configure what price levels will be calculated.
Limit the number of levels to be calculated
When checked, only limited number of price levels for bids and asks will be included in the calculations. You can select this number in the field on the left. In the example below, the add-on will include 10 levels above the screen and 10 levels below.
Include visible price levels
When checked, the add-on will Include bid and ask liquidity from the best bid and ask (BBO) levels so you can see the whole picture.
Include the liquidity on the price 0
Sometimes there are some orders for price 0. The add-on doesn't calculate this level by default, but if you want to, you can include it in the result.
Lower weight for farther levels
"Half life" distance in number of price levels
When checked, the weight will gradually drop by half for every selected number of levels. You can select this number in the spinner box on the right.
Feedback
We are constantly working on our add-ons to make them better, and we need your feedback. After an hour of using the add-on, you'll see a reminder message. In this message, you'll find links to a survey and help resources.
Outside Liquidity FAQ
Do the settings apply to one instrument or all of them?
Settings configure for each instrument separately.
Are there some limits in numeric fields in the configuration panel?
Yes, you can select only natural numbers in the range from 1 to 100`000.
Do I have to go back to this document every time I forget the setting descriptions?
No, you can see short tooltips for every element of a configuration panel. Just hover your cursor above the element for a second.
I have a question about Outside Liquidity. Who can I ask?
Feel free to ask any questions to our Discord community or contact support@bookmap.com
Installation
Download the Outside liquidity add-on.
Download and launch the latest Bookmap version (v7.3.0 build37 or higher required).
Click the “Configure add-ons” icon to open the plugins configuration panel (or Settings → Configure add-ons)?
- Click the “Add…” button and choose the previously downloaded “outside-liquidity-x.xx.jar” file.
- Choose “Outside liquidity” and click “Load” in the “Entry point selection” window.
- “Outside liquidity” will appear in the list of available add-ons. Click on it to see the indicator’s settings, and then click on the checkbox to the left of the indicator’s name to activate/deactivate the add-on for all instruments.
