The Market Depth Map helps traders identify potential levels of support and resistance by analyzing the volumes of limit order book (DOM).
Each price level takes on a different color depending on the volume of corresponding DOM level. The higher the volume, the greater the intensity of color and, the greater the intensity of color, the higher the probability of identifying a support or resistance.
Market Depth Map helps traders identify potential levels of support and resistance
The indicator works only in real-time with limit order book (DOM) data. Initially this indicator does not display historical data.
Over time, the DOM real-time data are collected and displayed on screen using a different price levels coloration.
The color of price levels changes according to the volume of corresponding DOM level. The higher the volume, the greater the intensity of color. This particular coloration, also called heatmap, is very efficient in identifying potential levels of support or resistance.
The Market Depth Map is fully customizable according to user preferences. For example, the price levels can be colored in single color, multiple colors or by Bid/Ask area.
You can choose what to display on screen, the refresh rate, how to aggregate the segments within the same level, whether or not to filter volumes and much more.
The current DOM (market depth) can be displayed on the right.
To complete the indicator the possibility to display the Bid/Ask curve.