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heatmap order flow +


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heatmap order flow +

  #1 (permalink)
 goodknight 
Dallas Texas/USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: stocks
Posts: 16 since Oct 2013
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Is anyone using "Order Flow +" that comes with the lifetime license of NT8? How does the heatmap compare to Bookmap? The advantage, and reason I am considering is because of data constraints - NT8 likes some data providers and Bookmap likes some other data providers. If you have any screenshots of the heatmap for “Order Flow +”, I would love to see them.

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  #2 (permalink)
 
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 Aragorn 
Salt Lake City, UT
 
Experience: Intermediate
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Trading: ES, 6E
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I have both NT8 and BookMap. I don't use heatmap on either. I haven't found heatmap to be a reliable tool. This is a relatively easy trading day as it is directional. On days of high volatility it's even less reliable.

Don't be "sold" by how cool tools and features look. BookMap can zero in on fractions of seconds by pulling time apart. That's a cool feature but has absolutely zero use or application in trading.

ES 06-21 @ Globex@NINJA_screenshot_20210514_171428_600


ES 06-21 (2 Minute) 2021_05_14 (11_14_40 AM)

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  #3 (permalink)
 
Aragorn's Avatar
 Aragorn 
Salt Lake City, UT
 
Experience: Intermediate
Platform: NinjaTrader
Broker: NinjaTrader Brokerage
Trading: ES, 6E
Posts: 321 since Aug 2010
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I should point out that unlike BookMap, NT8 Order Flow Market Depth Map does not fill in the Map if your connection is lost. Once your connection is re-established it wipes out the map. Just found that out....

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 jesse592 
Los Angeles, CA
 
Experience: None
Platform: Ninja
Trading: Futures
Posts: 9 since Apr 2021
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I’m just a beginner, but I trade on NT8 and use Bookmap for heat map and order flow. I don’t find the NT8 heat so useful at all because it only displays 10 ticks in either direction and it doesn’t give a clear picture of order size in real time.

Bookmap allows you to see all resting orders in real-time, which allows you to see when liquidity is added and pulled, and where large single orders are placed. I find that very helpful for confirmation before entering a trade and guidance for where to exit and move my stops


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