Market Pulse
Free Algorithm To All Users
All Bookmap subscribers (Digital, Digital Plus, Global, Global Plus, and all others) can test-drive the Market Pulse Price Change algorithm for free!
If you have a free or paid Bookmap subscription, all you need to do is install the add-on.
What is the Market Pulse add-on?
Market Pulse consists of multiple additional per-instrument widgets. Each widget measures and displays events that are generated by different sources, for example: order flow, order book, options, liquidations, or other events. Market Pulse allows you to monitor multiple instruments and gain a better understanding of market behavior, all in one place.
Each widget contains a unique algorithm. This algorithm processes the data based on a specific logic, and displays the output of the calculation both on the widget, and within the sub-chart. All algorithms include a notification system to notify users about a certain event, or to notify of the crossing of a threshold.
The data source for a Market Pulse widget may come from the subscribed Bookmap instruments, or from an external data source.
Because of this, Market Pulse is a powerful base for multiple insightful algorithms. Volume Pressure is one of them, for example.
To download Market Pulse, simply follow this instruction. To know more about algorithm prices and how to purchase them go to this section this section.
Getting around this Quick Guide
Section | Description |
---|---|
GO TO ➜ General control elements for all algorithms | There are common controls across all algorithms. Very useful to know, and a good place to start. |
GO TO ➔ Volume Pressure algorithm | This section details the control elements for the Volume Pressure algorithm. |
GO TO ➔ Volume Pressure Imbalance algorithm | This section details the control elements for the Volume Pressure Imbalance algorithm. |
GO TO ➔ Price Change algorithm | This section details the control elements for the Price Change algorithm. |
GO TO ➔ Spread Change algorithm | This section details the control elements for the Spread Change algorithm. |
GO TO ➔ Liquidation Pressure algorithm | This section details the control elements for the Liquidation Pressure algorithm. |
GO TO ➔ Orderbook Pressure algorithm | This section details the control elements for the Orderbook Pressure algorithm. |
GO TO ➔ Orderbook Pressure Imbalance algorithm | This section details the control elements for the Orderbook Pressure Imbalance algorithm. |
GO TO ➔ Absorption Pressure algorithm | This section details the control elements for the Absorption Pressure algorithm. |
GO TO ➔ Absorption Pressure Imbalance algorithm | This section details the control elements for the Absorption Pressure Imbalance algorithm. |
GO TO ➔ Sweeps Pressure algorithm | This section details the control elements for the Sweeps Pressure algorithm. |
GO TO ➔ Sweeps Pressure Imbalance algorithm | This section details the control elements for the Sweeps Pressure Imbalance algorithm. |
GO TO ➔ Stops Pressure algorithm | This section details the control elements for the Stops Pressure algorithm. |
GO TO ➔ Icebergs Pressure algorithm | This section details the control elements for the Icebergs Pressure algorithm. |
GO TO ➔ Orderbook Imbalance algorithm | This section details the control elements for the Orberbook Imbalance algorithm. |
GO TO ➔ Pace of Tape algorithm | This section details the control elements for the Pace of Tape algorithm. |
GO TO ➔ Pace of Tape Imbalance algorithm | This section details the control elements for the Pace of Tape Imbalance algorithm. |
GO TO ➔ Quick start and FAQ | To focus on Volume Pressure and answer any questions you might have overall, head to this section and get to grasps with Market Pulse. |
GO TO ➔ Installation | This section is for those who are totally new to Bookmap, and breaks down exactly how to install add-ons. |
General control elements for all algorithms
This section contains a description of the algorithm-independent controls that all widgets will have.
General control elements
Refresh custom resources
This feature is not implemented yet. Once you've added custom resources, you can press the refresh button to make sure they appear in your Market Pulse. Read more in the How to load custom sounds and How to load custom algorithms sections.
Details
When selected, you will see additional information at the bottom of your widgets. This information generally only needed for debugging purposes, so you should rarely need this control.
Expand/collapse all
These buttons allow you to expand/collapse all widget configurations across your Market Pulse add-on. This is much faster than expanding/collapsing panels one by one, and is helpful for clearing up a cluttered screen without permanently deleting widgets.
Close all widgets
This button closes all working widgets, and is much faster than closing them one by one.
Mute all widgets
This button mutes all working widgets. It is much faster than muting widgets one by one, and is especially valuable if excess sound notifications are annoying you, or you want your device to be quiet for a moment.
Reset all widgets to default positions
This button resets the position of all the working widgets to default. Using this you can find widgets you have lost on your screen, or more easily pull them together into a new group.
Create widget configuration
This button will create a new widget configuration. You need to select a data source (either one of the subscribed instruments or an external data source) and one of the available algorithms. New widgets are not started by default.
Individual widget control elements
Remove widget configuration
This button will delete the widget (even while it is active), along with its configuration panel.
Start/Stop widget
This button starts and stops the widget. Press this button after selecting the data source, algorithm and configuring its main parameters to activate the widget. Keep in mind that when starting the widget, the data will be reloaded, which can be time-consuming. After the widget is started (active), the button will become a stop button. The stop button will stop all calculations, hide the widget, and remove the sub-chart lines.
Mute/Unmute widget
This button will enable or disable the sound alerts for a specific widget, while the widget is still active and visible.
Expand/Collapse widget configuration panel
This button controls the view of the panel. There are quick settings in the collapsed view, but if you want to fully configure the widget and the algorithm, you will need to expand it.
Algorithm selection
Algorithms can be selected on both the collapsed and expanded views. Each algorithm has its own configuration parameters, so panels may look different depending on the algorithm in the widget.
Check the Algorithms section for a list of all available algorithms.
In the expanded view, there is a cog button to the right of the Algorithm combobox. This is the configuration reset button. It will reset all the widget’s settings to default values, as well as restarting it.
Single instrument (data source) selection
The data source for the widget may be selected from the list of subscribed Bookmap instruments, or from a custom external data source.
Multiple instrument (data source) selection
A set of data sources for the widget may be selected from the list of subscribed Bookmap instruments. At least one data source must be selected.
Name
Only the expanded view has this configuration item, meaning you will need to expand the widget to edit the name.
It is possible to have tens of algorithms for tens of instruments, and by default the generated name is the combination of the instruments and the algorithm used. For example: BTC-USD@COINPRO Volume Pressure may be one name. As you can see, it is pretty detailed and it is not possible to distinguish 2 widgets with the same algorithm and instrument with the default name.
That is why there is an option for you to set your own custom widget names. This custom name will be shown on the configuration panel, on the widget, on the sub-chart line, and in the Alert settings.
To set your custom name for a widget, just click on the custom name box under Visual settings and type whatever you would like.
To reset a name to default, simply remove everything from the name text field.
Size
This controls the size of the widget. (accessible via expanded view only)
Threshold
This slider defines the minimum threshold for a sound to be played as a percentage value. The higher this parameter, the fewer sound notifications that will be played.
Read more: How do I configure the threshold? How could a sub-chart line help me to do that?
Widgets of different algorithms have their own threshold visualizations. Read more in Widget structure
Flip widget bar and sub-chart values
If the checkbox is enabled, the sides of the events will be inverted. Events that were originally considered bids will become asks and vice versa. The name, color, and location of the bars will not change however.
For a single widget, enabling the checkbox will change the direction of the trend (the values will be inverted, positive values will become negative, and vice versa). The corresponding subcharts will also be redrawn accordingly.
The checkbox is disabled:
The checkbox is enabled:
For a double bar widget, the values in the bars and subcharts are swapped.
The checkbox is disabled:
The checkbox is enabled:
Color Settings
These settings allow you to select and apply specific colors to sub-charts and widget bars or circles, helping to effectively differentiate data and provide better visibility giving a personalized experience for your interpretation of the data.
The color settings panel is collapsed by default, and you need to click the [v] button to expand it.
The settings for each algorithm are divided by the lines of subcharts that this widget can have.
The settings section for each subchart line has a specific list of colors it uses.
The colors of the percentage subcharts are also used to draw the widget.
Audio files
Audio files are used for sound notifications. Different sound files can be set for positive/negative values, such as being based on buyers/sellers.
Currently, it is not possible to add your own custom sounds. We will add the ability to load custom audio files in the future.
Volume
This slider controls the volume of the sound alerts for that specific widget. This allows you to prioritise more important widgets with a higher notification volume.
Algorithms
This section contains the algorithms’ descriptions and algorithm-specific control elements.