New Liquidity Tracker - the power of imbalance monitoring.

Discussion in 'Trading Software' started by Bookmap, Feb 20, 2019.

  1. Bookmap

    Bookmap Sponsor

    Liquidity Tracker indicator has now been released for Bookmap. This indicator allows users to see the liquidity for bid, ask, and bid minus ask over time. This can reveal imbalances in the market that may affect the price.

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    Liquidity Tracker can be set up to calculate liquidity in many different ways, it can be configured as uniform comparing total size of buying liquidity vs. sellers liquidity and can be also be configured as average size or by setting different weights to price levels. The advantage of using Liquidity Tracker is that it shows imbalances between buyers and sellers at a glance. The green line shows the limit sell orders. In the above example the red line is above the green line, this causes the imbalance line (white) to be below zero. This indicates that there are more sellers liquidity than buyers liquidity in the market.

    For more information about Liquidity Tracker, read the indicator’s on official Wiki page.