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Does anyone use the HIRO indicator on Bookmap?


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Does anyone use the HIRO indicator on Bookmap?

  #1 (permalink)
 Keab 
London UK
 
Experience: Intermediate
Platform: SierraChart/Prorealtime
Broker: Sierra Chart/prorealtime
Trading: SandP futures
Posts: 510 since Jul 2013
Thanks Given: 123
Thanks Received: 316

I tried bookmap in the past but found that it wasn't for me-constant fiddling with colour depth and focusing on being clever rather than just using simple levels etc.
Having said all that I have seen the new HIRO indicator and am very interested in it.
Especially when HIRO levels spike higher/lower combined with a liquidity sweep to show a change of direction.
As well as giving a general idea of the direction of trading (e.g. raising HIRO through the day showing gradual buying pressure).
Has anyone used it and if so how do you find it? Does it help your trading or do you not bother with it/find it to be not very helpful? Any opinions are gratefully received.
Thanks,
Keab

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  #2 (permalink)
 okinawayutaka 
Tucson
 
Experience: None
Posts: 52 since Sep 2019
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Far as retail side with hiro and si indicator it gives you real time volume....
Bookmap is the full package... Hiro helps me stay out of trades or possible short term reverses . The gamma levels they provide are amazing especially when we break a volume trigger level

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  #3 (permalink)
 Keab 
London UK
 
Experience: Intermediate
Platform: SierraChart/Prorealtime
Broker: Sierra Chart/prorealtime
Trading: SandP futures
Posts: 510 since Jul 2013
Thanks Given: 123
Thanks Received: 316



okinawayutaka View Post
Far as retail side with hiro and si indicator it gives you real time volume....
Bookmap is the full package... Hiro helps me stay out of trades or possible short term reverses . The gamma levels they provide are amazing especially when we break a volume trigger level

Thanks very much for the reply.
Could you provide more details when you say the Hiro helps you keep put out of trades or short term reverses. How does it do that, how does the Hiro tell you it's just a short term reversal? And do you use it on individual stocks and/or the ES and does it need to be interpreted differently on these markets?
Many thanks for anything you can add.

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Last Updated on September 18, 2022


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