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Does anyone know if it's possible to get any of these "heatmaps" to work with european equities? More specifically the Nasdaq OMX Nordic stock markets?
Bookmap currently does not connect to European stocks. However, you could trade American Depositary Receipts (ADR's) if that helps. Not sure if ThinkorSwim (TOS) offers access to European stock markets, but if so, then when Bookmap connects to TOS it should be possible. I have no information when Bookmap will be available through TOS, but we know they are testing it with a beta group at the moment so hopefully it won't be long.
I'm using a 30min TPO chart set to Volume for Value Areas and VPOC. I set my TPO chart to align letters so I can see the TPO on my chart. My charts are OFA charts set to 6/4 and 16/6 for ES. I hope that helps.
Yes! OFA is Order Flow Analytics and it is an add on.
Orderflowanalytics.com
To be honest, I only use my charts figuring out where the next level will be and you can do that with a 30 minute chart. My main chart I trade with is Bookmap and MBO data with rithmic. I have ES, NQ, YM, RTY, CL, UB (Ultra-bond) DOM's Lined up in a row when I trade to see if correlated markets agree with direction . I've been trading full time for 11 years and this is where I am at this stage and I'm always looking for something to give me an edge. I'd pee on a spark plug if I thought it would help my trading.https://nexusfi.com/images/smilies/animated/boxing.gif
Good Luck.
Carl...
I just started trading futures.
Did not have any success trading with DOM/Volume Imprints so I stayed with my indicators and charting and now making some improvements. Yet to have any red days these 2 weeks.
I purchased the MW license recently. I want something that can give me some sort of volumes breakdown/analysis without distracting me from focusing on chart.
That’s why I might consider Order Flow bars, though still contemplating whether it is worth it for me or not. I feel like I am not utilizing order flow fully even though my platform (MW) supports it.
Now I just manually plot a volume profile on an area of interest if I need some help.
Again, thank you for the info. Best of luck to your career.
BTW, I am using Rithmic as well. Probably don’t need it if I am not too reliant on market depth, but I heard it gives faster and more reliable data than its competitors, so I might just well stay with it.
Always want to get Bookmap, but the price... and also I use a Mac, not sure whether it will work for me or not, as I probably need R/Trader Pro to feed data to both platforms (MW and Bookmap), and R/Trader does not run on Mac
Yes I’m aware, but if I am not wrong, CME will charge you pro-tier fees if you have more than 1 platform getting their data, unless you use Trader/R Pro as 1 data source to give data to multiple platforms using API, but Trader/R Pro does not run on Mac.
