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Motivewave Heatmap & Big Trades With Rithmic Data

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Motivewave Heatmap & Big Trades With Rithmic Data

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  #1 (permalink)
Posts: 5 since Feb 2020
Thanks: 0 given, 11 received

Hey guys I was searching the forum and couldn’t find anything about the Motivewave Heatmap or big trades. I just switched brokers from TD Ameritrade and Tradovate to Edge Clear using Motivewave. I am going through settings and trying to get the heat map and “big trades” setup for “best use” and while everyone may have their own opinion on how to set up the heat map and big trades I am wondering if anyone has some experience with setting these up with thresholds. I focus mainly on gold so I want to get this setup properly for that product and I want to expand into new products so I’m trying to determine a “best way” of using the volume thresholds for indicating the volume that matters at swing points etc in the different markets. The only thing I can really find that is similar is the Bookmap stuff and they might be similar but, i don’t know if they can be setup the same and if that were the case, I don’t have experience with bookmap so I need some help and perhaps others might in the future.

If anyone has experience with the Heatmap and big trades on Motivewave let’s discuss it.

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  #2 (permalink)
Posts: 127 since Jan 2017
Thanks: 36 given, 76 received

I will take a punch at this. I am a Motivewave novice and just installed it today to see if it will fit my "one ring to rule them all" desire for a single platform for multiple markets/products.

When it comes to finding the big trades at those swing points, and properly setting it up. You will need to pay attention to the average volume in gold (i rarely trade it), also the average volume at those swings points. Doing some recent volume history study might serve you well, and maybe spending the next week taking a look at how these trades manifest volume wise.

One question i have about the Motivewave heatmap is if it can link the heatmap and the DOM to move together similar to how Jigsaw Tradings Auction Vista is setup.

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Last Updated on April 10, 2021

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