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There's been some work done by users from a few years ago that creates charts quite similar to what Bookmap and Auction Vista (from Jigsaw) are now doing.
This one for SC by @Nicolas11
This tool for Sierra Chart has been directly inspired by the screenshots of rounder8 's work here:
The idea is to keep a record of the DOM on the chart.
Everything is explained on the picture below.
Additional information: what is plotted is …
It was inspired by this, done by @rounder8 for a different platform
DISCLAIMER: This program is only a test version I used to test my idea and it was never meant to be shared with anyone. It is buggy but I can't spend more time with it because I don't have subscription for CQG IC anymore (after today). I will …
which is shown in the attached image.
I have contacted @Nicolas11 to see if he can adapt his SC set-up to look more like this, but haven't heard back yet. So if someone with the skills is willing to look into it, that would be great.
His thread includes the original .cpp file as well as a .dll
The following 3 users say Thank You to Stillgreen for this post:
As far as I am concerned, I am not willing to try to reverse-engineer the work done by @DionysusToast
So I will not not add any functionality to what I've done.
I have posted on the other thread the (simple) source code of my work. Any one can do what he/she wants on this basis.
However, I have noticed that some users report an apparent bug (
This tool for Sierra Chart has been directly inspired by the screenshots of rounder8 's work here:
The idea is to keep a record of the DOM on the chart.
Everything is explained on the picture below.
Additional information: what is plotted is …
)
I will try to fix it, with no additional functionality.
Nicolas
The following 2 users say Thank You to Nicolas11 for this post:
Is DionysusToast the innovator behind the Heatmap/ Quotemapper? I thought the concept came from Nanex, then there was the likes of Bookmap, Aigovisor and some other cool Russian stuff.
"Free markets work because they allow people to be lucky, thanks to aggressive trial and error, not by giving rewards or incentives for skill. The strategy is, then, to tinker as much as possible and try to collect as many Black Swan opportunities as you can"
I think what @Neo1 is saying is that DionysusToast/Jigsaw did not originate this kind of chart/tool so you would not be 'reverse-engineering' his work. Nanex was the first to come up with the concept years ago, BookMap came later, and after that Jigsaw offered its own version. Basically, everybody already copied Nanex.
The following 2 users say Thank You to srgtroy for this post:
To set the facts straight, I believe the first time Nanex has used a heat map for this type of visualization in the public was in March 2012.
Before people started using heat maps to this questionable use case, Rick Wicklin and Robert Allison came ahead of 9 participating entries in a competition to demonstrate the use case of heat maps to visualize time series data (for a more meaningful use case of visualizing airline delays) in October of 2009.
Shortly after, a good man (who ran a clinical data company) had publicized the means to do so outside of SAS and open sourced it under the terms of GPL, which preceded the JS-styled calendar heat maps on Github. As of 2010, the same approach was applied by a firm in Iceland to visualize ground temperature and tidal wave amplitudes:
Then as of April 2011, Honeywell filed a patent that generalized this use case, without citing any of the previous use cases.
To be fair, I don't think Nanex has ever claimed to come up with the idea - because they certainly haven't. Please give credit where it's due.
I do applaud @Nicolas11's work ethic and integrity, but I definitely see no form of intellectual property infringement here unless you want to respect Honeywell's patent, in which case Nanex, Bookmap, Algovisor, whatever, should all stop using these plots.
The following 3 users say Thank You to artemiso for this post: