Bookmap Knowledge Base

Bookmap Knowledge Base

  • User Guide
  • Add-ons
  • Java API

›5. Indicators

1. Introduction to Bookmap

  • Bookmap Knowledge Base
  • Bookmap® Connectivity
  • Software Versions
  • Bookmap System Requirements

2. Getting Started

  • Register And Download Bookmap
  • Visit Bookmap Portal
  • Enter Your License Key
  • Select A Run Mode
  • Connect To A Broker Or A Data Provider
  • Install An Adapter
  • Connect To Own Data Source
  • Subscribe To An Instrument
  • Open The Main Window
  • Activate Bookmap Offline
  • Add-ons Manager

3. Setting Up & Operating Bookmap

  • Tabs
  • Heatmap. Main Chart
  • Columns

4. Trading

  • Trading with Bookmap
  • Order Types
  • Orders Management
  • Cross-Instrument Trading
  • Trading Configuration Panel
  • Trading from DOM
  • Cross Trading

5. Indicators

  • Display And Settings
  • Cumulative Volume Delta
  • Large Lot Tracker
  • Imbalance Indicators
  • Strength Level Indicator
  • Correlation Tracker
  • MBO Bundle Installation Guide

6. Multibook

  • Introduction to Multibook
  • Multibook Synthetic Instruments
  • Multibook vs Multibook Customizer
  • How to Install Multibook
  • Multibook FAQ

7. Strategies

  • Automated Strategies
  • Automated Strategies FAQ

8. Partnerships

  • Thinkorswim (TOS)
  • Coinbase Derivatives Exchange
  • Coinbase Derivatives - Nano Bitcoin

9. Bookmap Wiki

  • Iceberg Orders Tracker
  • Market Mechanics

10. Help

  • Bookmap Basics FAQ
  • Bookmap Performance FAQ
  • Bookmap For Crypto FAQ
  • Bookmap Marketplace FAQ
  • MBO Bundle FAQ
  • Multibook FAQ
  • Glossary
  • Release Notes

11. Errors

  • General Errors And Crashes
  • Performance Issues
  • dxFeed Data And Backfill Data Issues
  • Rithmic Issues
  • Other Issues

12. Appendices

  • Appendix I. Keyboard Hotkeys
  • Appendix II. Custom Notes
  • Appendix III. Special Orders
  • Appendix IV. Orders Format
  • Appendix V. Colour Value Names

Correlation Tracker

Correlation Tracker Installation

To download the Correlation Tracker, click here. Then, open the Configure Addons window by clicking on the corresponding icon in the horizontal toolbar and Add the downloaded file. Tick the name of the file and click on the Load button.

screenshot

Once loaded, you will see the configuration window opened that you can always reopen by clicking on the Configure Addons icon.

Correlation Tracker Settings

Users can set the Correlation Tracker to reference mid-price or last trade and control the time resets for the overlaid instruments’ lines. Users can also set colour and line shape for the overlaid instruments.

To do so, open the Configure Addons window by clicking on the corresponding icon in the horizontal toolbar to see the relevant settings.

screenshot

Correlation Tracker Application

Using the Correlation Tracker, traders can overlay several instruments on a single chart view to gauge the correlation between them.

To open the Correlation Tracker, click the studies icon above the chart and check the Correlation Tracker check box. Then, tick the Enable for current instrument check box and select the instrument(s) to be overlaid on the chart.

Once loaded, you will see the Configuration window opened.

Correlation Tracker Interpretation

Traders can assess the correlation between two or more instruments and look for trading opportunities when instruments deviate from expected correlation.

screenshot

Correlation Tracker Limitations

The overlaid instrument must be added to be available for correlation display.

← Strength Level IndicatorMBO Bundle Installation Guide →
  • Correlation Tracker Installation
  • Correlation Tracker Settings
  • Correlation Tracker Application
  • Correlation Tracker Interpretation
  • Correlation Tracker Limitations
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