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Review for BookMap www.bookmap.com


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Review for BookMap www.bookmap.com

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  #1 (permalink)
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This thread is for questions or reviews for VeloxPro or their BookMap product.

Their website:
Home - Veloxpro

BookMap website:
Bookmap

VeloxPro is a site sponsor on futures.io (formerly BMT).

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A promotional webinar that demos the BookMap product by VeloxPro has been scheduled for Wednesday, February 5th @ 4:30 PM ET.

More here:



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Hi everyone,

We plan to launch our new BookMap release for NinjaTrader within the next two weeks. We are looking for interested beta testers who are using NinjaTrader and would like to receive an early release of BookMap for NinjaTrader. Each beta tester will get a free BookMap license for 45 days. If you are interested in taking part in our beta testing, please send us an email to info@veloxpro.com titled "BookMap / NinjaTrader Beta Testing". We would be interested to get your details and trading experience with the NinjaTrader platform. As soon as we complete our internal testing phase we will send you a download link for the software with a free 45 day license.

Thnx,

Eyal

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Israel
 
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Hi everyone,

We are happy to announce the release of BookMap for NinjaTrader!

This new BookMap version is available for download at our website.

For those of you who have already experimented with BookMap, here are some of the additional feature / fixes included in this new release:
  • Ability to import BookMap to NinjaTrader either as an Indicator or as a Strategy. This allows the use of BookMap for viewing and analysis purposes only.
  • Fixing of a bug that cause frequent crashes of few instruments, which was obviously frustrating to some of you.
  • Reducing CPU load, especially in full zoom-out view
  • Using color gradient to distinguish between executions initiated by buyers or sellers.
  • Ability to reset the volume bars accumulation. This can be done either manually or automatically at a preset frequency, by right clicking your mouse while hovering over the volume bars area.
  • Marking the currently transmitted book depth with thin lines over the column representing that current book size (first column on the right side of the chart). These markings allows the trader to distinguish between actual book size and cashed book size stored by BookMap.
  • Zoom-in up to 5 seconds.

We hope you will enjoy BookMap. We would like to keep an dialogue with all BookMap users and we welcome any of your future comments, either here on the forum or on the BookMap forum.

VeloxPro Team

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Interesting visual tool for seeing the orders in the market. I will be taking the trial in the next week, hopefully I have some feedback after that.

Initially I can see it illustrates supply and demand zones, and their strength.

Question:
Quick question, you mention in your webinar that the contrast adjustment (e.g., the heapmap colour for a particular price is analysed and set for a particular time point. So I'd just like to illustrate my interpretation, please let me know if this is correct.

Lets say at 10:05 the engine analyses that there are 100 contracts in the book and sets the scale for colours accordingly - lets say one price level has 50 contracts and it's the largest number of orders at price, then its coloured white. (as this is 50% of the book)

Then at the next time point 10:06 the engine analyses again and sees that there are now 200 contracts now in the book, and does the scale reset according to the new book size in that period? - for example at that point the same price level that previously had 50 now still has 50 (assuming some orders at that level were removed and some added), would that then be coloured white, assuming the same if that 50 still represented the largest number of orders at price? or would it be coloured more darkly given that the proportion of the total book is now 25%? I would guess the colour would darken is that true?

To summarise my questions:

*Is the colour scale reset per time period (as above)? or is the scaling set by the session to keep the colouration of the heatmap comparable within that session?

*Is the colour scale dependant on the number of pending orders at a price level compared to the full order book size? e.g., do we see colour changes due to both the change in size of the order book and the number of contracts at that level?

There are a number of ways to effectively visualise this data, as I've done some work professionally in this area myself.


Thanks.

Sand.

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Nice tool guys - well done!

Very original.

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  #8 (permalink)
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Hello Sand, and thank you for your interest.
Current version of BookMap does not automatically adjust the look-up-table (LUT), or sometimes called tone-curve. However it's configurable by the user. The max-size parameter defines the size, which will be colored white, and any larger size will also be white. You can also configure the LUT curve itself to define how the sizes between zero and max-size are converted into gray color to achieve the best contrast.
There are several instruments (ES, NQ, GC) with preset default configuration, but if you subscribe to a new instrument, BookMap will attempt to "guess" the suitable setting when you open the chart. After that it's up to the user to adjust contrast configuration.

Q. *Is the colour scale reset per time period
A. No, it doesn't adjust automatically

Q. *Is the colour scale dependant on the number of pending orders at a price level compared to the full order book size?
A. If I understand your question correctly, the answer is No. BookMap uses the same contrast settings for all the levels in the order book.

We do plan to add the automatic contrast adjustment feature in the next version. But as you mentioned, it's not an easy task. Mainly because unlike in image processing, book sizes have no constant upper boundary. But a simple interpolation from zero to the real max-size rarely provides a good contrast (for example, a single order of 200 contracts in Gold futures would make the rest of the image black).
We will be happy to discuss with you your (and our) ideas about making automatic contrast adjustment. Please write us to info@veloxpro.com with a reference to this conversation.

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hi
I compared the two products Bookmap vs Jigsaw Tools, and concluded that is better to have an accurate dealing with numbers than with painted circles

* If investing gets too difficult for a seventh grader to understand, the system is needlessly complex
* Markets produce an enormous volume of information, much of which is redundant
* In every game and con there's always an opponent, and there's always a victim. The trick is to know when you're the latter, so you can become the former
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Jonson View Post
hi
I compared the two products Bookmap vs Jigsaw Tools, and concluded that is better to have an accurate dealing with numbers than with painted circles

What is the name of the Jigsaw Tools that has this feature so far they don't have any order depth map tool

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