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Number bars vs bookmap


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Number bars vs bookmap

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  #1 (permalink)
yamin2000
Saudi Arabia
 
 
Posts: 49 since Apr 2014
Thanks: 26 given, 4 received

Hi
I trade stocks only and I use bumber bars ,but because sc do not offer market depth for stocks trying to use bookmap.
Does using bookmap going to be big difference than number bars and easy to use?or waste of money
Ty

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  #2 (permalink)
 Neo1 
Christchurch, New Zealand
 
Experience: Beginner
Platform: SC
Broker: IB, BC, Dx Feed
Trading: US Equities
 
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yamin2000 View Post
Hi
I trade stocks only and I use bumber bars ,but because sc do not offer market depth for stocks trying to use bookmap.
Does using bookmap going to be big difference than number bars and easy to use?or waste of money
Ty

Bookmap is more for order book/ quote visualization, where the numbers bar study represents real volume traded. They are like night and day.

Bookmap for equities is a new product. No one else in the retail space offers a real order book visualization tool for Equities, however, Bookmap for equities currently has several limitations.

-There is a 10 symbol limit at one time.
-They are only displaying quote data from Nasdaq Totalview. In order to paint an accurate picture of the order book you really need additional data from the likes of CTS/CQS Consolidated Trade/Quote System( NYSE), BATS: BYX, BZX, EDGA, EDGX etc
-FINRA dark pool volume is not displayed

*Bookmap for equities has lots of potential because they have partnered up with Dxfeed, who are arguably superior to the likes of Barchart( SC), and IQ feed.

*Sierra chart could offer a superior market depth product if they were partnered with DxFeed, however, they are not, and will not.

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  #3 (permalink)
yamin2000
Saudi Arabia
 
 
Posts: 49 since Apr 2014
Thanks: 26 given, 4 received



Neo1 View Post
Bookmap is more for order book/ quote visualization, where the numbers bar study represents real volume traded. They are like night and day.

Bookmap for equities is a new product. No one else in the retail space offers a real order book visualization tool for Equities, however, Bookmap for equities currently has several limitations.

-There is a 10 symbol limit at one time.
-They are only displaying quote data from Nasdaq Totalview. In order to paint an accurate picture of the order book you really need additional data from the likes of CTS/CQS Consolidated Trade/Quote System( NYSE), BATS: BYX, BZX, EDGA, EDGX etc
-FINRA dark pool volume is not displayed

*Bookmap for equities has lots of potential because they have partnered up with Dxfeed, who are arguably superior to the likes of Barchart( SC), and IQ feed.

*Sierra chart could offer a superior market depth product if they were partnered with DxFeed, however, they are not, and will not.

Thanks for the best answer

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