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not the most appealing to look at visually
Anything specific or just an overall impression? just overall the theme of it is depressing makes me wanna jump out of a highrise building, also i have no idea how to navigate it looks overly complicated (if your target was pro trades then sure my opinion shouldnt matter since im a noob) definitely not wanting to kill anyone  anyway I see you point. I agree with you it looks very comlicated. For the start, if you dont know RSI and Adx indicator, try to look them up. Catching up movement at the beginning is for me impossible with 1h stats from coinmarketcap, thats why you can find in https://cointerminal.io 5min and 15min intervals. RSI indicates how overbought or oversold the pair is, ADx is all about price trend strenght. Keep in mind, those are just pure indicators, they are one piece of the puzzle. Charts section should not be so complicated. Fast and easy overview of charts and their patterns. (pullbacks are nice to catch, very repetitive pattern) Also if you are interested in daytrading, you may find useful these videos. jigsawtrading.com/learn-to-trade-futures/ The same principles can be applied in my latest experiment I've mentioned previously: https://cointerminal.io/protrader
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not the most appealing to look at visually
Anything specific or just an overall impression?
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Try this one: https://cointerminal.ioInitially I made this app just for that reason. To see all charts on one page and plus the ability to filter them out and see those where I have a position or being bookmarked. Connected to Polo, Bittrex, Bitfinex and Kraken. Since then I continue experimenting with advanced statistics, indicators and most recently heatmaps for daytrading (excited about that one, https://cointerminal.io/protrader )
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On what time frame does this volume cumulation occur? Also what price resolution do you consider appropriate for crypto markets? Since the volatility is so high, the center trade volume might change quite often.
EDIT I mean volume cumulation of VAP rows, not the middle one.
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It's always more interesting to hear opposing opinions rather than to intesinfy your confirmation bias by positive feedback. Actually I have connected the interface to other exchanges but the responsibility to execude trades is too much to handle right now. Just the mere fact exchanges change their API here and there plus their own issues with reliability is this feature on par with gambling right now  If you would like to check out my app someday without registration and providing email, just PM, I would send you an invitation code.
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Great insight, thank you for the links! I will definitely check the. I am not completely sure though if by heatmaps we mean the same thing. I might be using the term wrongly. You mentioned DoM. That is what I am visualizing with "order book heatmap". I agree it does not provide complete info about DoM due to existence of hidden orders and traders executing orders real time. I believe ask/bid ratio can be complementary indicator of changing volume, canceling pending orders, etc. I might be wrong, no argue with that.
The Heatmap I'm talking about has been "the latest greatest tool available to traders" for the last couple of years. If you look back at the history of it when indicators like MACD first came out snake oil salesmen were selling it for $10k. Then the chart package makers started to include it free, so the snake oil men moved on to the next big thing, rinse repeat. I'm aware of Bookmap Xray https://bookmap.com/ $49 - $99 a month, being one of the first, now everyone is doing it and it'll be free in all charting packages in a couple of years. In the end, all Heatmaps are is a visual representation of where orders were and that information is of no use to a trader at all. What I want to know is what orders are there now and do they get filled. So whether it's a chart of what trades occurred in the past or what orders were in the past I don't want to know. DoM is the trading interface. TT that I mentioned before call it MD Trader but they get very protective of their copyright and patents so everyone else has to call theirs a DoM. They show all the information a trader needs in numerical form and that's all the pro trader will look at. Watch this: https://www.youtube.com/watch?v=JXaDX-vtAw0I am still backtesting the trading history heatmap but it looks like a good indicator of market sentiment and trend strength. Do you have any papers or blog posts opposing this charting style?
Not that I can find right now, I'll have a deeper dig, but this mainly comes from conversations with traders. Edit: I found a decent review of Bookmap Xray https://www.tradingschools.org/reviews/bookmap/tl;dr Pros: Stable software that does exactly what it is supposed to do: display trading volume. Cons: The information from the graphical display is a nearly useless, set of new age mumbo-jumbo, "market feelings", and hard to prove or disprove trading concepts. A playground for the wandering imagination.
I see your point. The MD Trader looks interesting. I will look into it more, possible implementing it into my app. Even though it might render itself as useless, I always learn ton along the way. Nice to chat with you. Really appreciated 
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Thanks for your opinion. I agree with you about Heikin Ashi and Renko. It was just a request from few users. Also I am not selling anything and I have no plans to monetize that in the near future. I just wanted to share my experiment.
I am open to discussion about heatmaps though. You've said yourself, watching order flow is important to determine if the support/resistance will hold. I might be biased but heatmaps have proved itself very useful in this regard (for me). Support and resistance is so easily visible from order book heatmap and the overall ratio of trading history heatmap can determine trend strenght better than ADx or whatever momentum indicators I tried to use.
It's true I am not a professional trader so I would appreciate some pointers to sources about pro trading and better trading methods based on your trading experience.
P.S. Heikin Ashi/ Renko are to my knowledge based on OHLCV data, Heatmaps on the other hand rely on trading history and order book snapshots. Am I missing something?
That's Ok, I wasn't thinking you selling anything. I have experience from many years in investment banks and know some professional traders in prop shops. Every single one of them trades purely from a Depth of Market. That shows bids, asks, volume at price and cumulative trades at the current price. They only use charts to make a note of possible support and resistance areas first thing in the morning before they start. Heatmaps are just the latest in a long line of snake oil being sold to retail traders. How can knowing where there were some orders that got pulled previously were help you? The only thing that matters is what is happening right now. Are orders getting filled or being pulled, are there icebergs producing orders as fast as the ones you are seeing being filled. These are the only things that will tell you what is happening now so you can make a good guess what will happen next. If you want to see how pro traders do it I think you can find youtube videos by a guy called John Grady who is about the only trading educator I know of with prop trading experience and who is an actually profitable trader. (I'm not recommending any of his services, I haven't tried them, I'm just pointing out the videos show what a pro is actually looking at). Also if you want to have a go yourself you can sign up for a free demo account at Trading Technologies (trade.tt). It's the software the vast majority use. The demo is 10 minute delayed data from the CME and CBOT, but you can pretend it's live. Great insight, thank you for the links! I will definitely check them. I am not completely sure though if by heatmaps we mean the same thing. I might be using the term wrongly. You mentioned DoM. That is what I am visualizing with "order book heatmap". I agree it does not provide complete info about DoM due to existence of hidden orders and traders executing orders real time. I believe ask/bid ratio can be complementary indicator of changing volume, canceling pending orders, etc. I might be wrong, no argue with that. I am still backtesting the trading history heatmap but it looks like a good indicator of market sentiment and trend strength. Do you have any papers or blog posts opposing this charting style?
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Would you like to try something more accurate? It's an experiment I finished few days back. It's a visualization of trading history, you can view it in cumulative or buy\sell view mode therefore you are able to see where and how much was traded. Also try to turn on "order book". It's a heatmap of orderbook, awesome way to see support and resistence. https://cointerminal.io/heatmapI am still working on better introduction since this concept of charting is very exotic. No, I wouldn't. Heatmaps, Heikin Ashi, Renko... etc. It's all nonsense really. None of them can be described as more accurate as they are just different visualisations of the same data. A lot of people got very rich selling the latest, greatest charting method and fancy indicators. If you have the chance to visit a professional trading firm you'll notice that none of them actually look at charts while they are trading. I only use charts to determine support and resistance levels i.e. where did the market turn round last time. That doesn't mean it will again this time but I know it's an area that all pro-traders will be watching. Then I just watch order flow to decide if the level will hold or they're going to smash it for stops. That actually is all trading is. Thanks for your opinion. I agree with you about Heikin Ashi and Renko. It was just a request from few users. Also I am not selling anything and I have no plans to monetize that in the near future. I just wanted to share my experiment. I am open to discussion about heatmaps though. You've said yourself, watching order flow is important to determine if the support/resistance will hold. I might be biased but heatmaps have proved itself very useful in this regard (for me). Support and resistance is so easily visible from order book heatmap and the overall ratio of trading history heatmap can determine trend strenght better than ADx or whatever momentum indicators I tried to use. It's true I am not a professional trader so I would appreciate some pointers to sources about pro trading and better trading methods based on your trading experience. P.S. Heikin Ashi/ Renko are to my knowledge based on OHLCV data, Heatmaps on the other hand rely on trading history and order book snapshots. Am I missing something?
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I found the information and statistics available insufficient, so I made and app to address that issue and to get easier overview of technical indicators. I haven't found anything more useful. I am open to alternatives though ;-) This is for altcoins trading https://cointerminal.io . You can easily scan through all markets from 4 biggest exchanges or get advanced statistics like Linear Regression, RSI, ADx, MACD, Heikin Ashi, etc. The app can be connected to your exchange account to fiter out markets with open positions, see account balance, portfolio value, order history,... And this is for day trading BTC https://cointerminal.io/heatmap, visualization of volume flow - you can see trading history projected right onto candlesticks and heatmap of orderbook - awesome way to see support and resistance. + VWAP, Ask/Bid ratio, ... play with the top bar controllers and sliders. But it might be more useful for skilled forex traders who are used to this style of charting. I also haven't found anything similar for BTC.
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It is a straight candlestick, same as when used in NASDAQ. A candlestick confuses people because it is displaying. more information than the axis's normally would. Like 3 pieces of info displayed on a 2 axis grid. The main difference between the stocks and crypto is the fact that most of the crypto moves are based on total BS and rumors, feelings and just guessing, while at least a good part of the stock market trading is based on real world changes.
A candlestick is actually displaying four pieces of information and has become much more commonly used than it's predecessor the OHLC bar. As the name indicates it shows the Open, High, Low and Close of each time period. The candlestick only varies in that rather than a tick for the low and high it colours in the body of the candle. There was a guy called Steve Nison who got very rich from marketing the idea he took from an ancient Japanese rice trader. Would you like to try something more accurate? It's an experiment I finished few days back. It's a visualization of trading history, you can view it in cumulative or buy\sell view mode therefore you are able to see where and how much was traded. Also try to turn on "order book". It's a heatmap of orderbook, awesome way to see support and resistence. https://cointerminal.io/heatmapI am still working on better introduction since this concept of charting is very exotic.
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A readme or help button would fit in just fine anywhere on page. It's also new to me, so I am still trying to find out the best interpretation. So far I find more interesting buy\sell view mode, where I focus more on ratio between sell and buy volume, it's looks like a good indicator of market sentiment. I Also updated the chart yesterday, try to turn on "order book". It's heatmap of orderbook, just awesome way to visulize support and resistence. Would you be willing to kick off some draft of readme? I kind of suck in describing things clearly and easily :/ Any help would be greatly appreciated... On your way leveling up you should take a peek at http://whalepool.io:8080/coinorama/ they got that Bits/Asks Ratio too, just classical line charts. I will try to collect my experiences from using your charts. At the moment you are asking the first rookie strolling along for writing a fine manual and I am more like "wuuut? clueless..." Will see what I can provide. It's more like gathering your experience. I would compile such input from multiple traders into one easy to read text  I will look at coinorama, thank you for the link...
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You can try https://cointerminal.io and https://cointerminal.io/heatmap. If you like to use technical indicators or more advanced statistics, this tool can provide a lot of inside and fast overview of major exchanges. Heatmap is an experiment with alternative trading volume charting. It displays exactly where trades were executed, visualized directly onto candlesticks... Disclaimer: I am creator of this app. Complete new concept to my eyes, not seen anywhere before. Care to explain how to use these charts? Difficulties in understanding... I can see that downwards candle from 10 o'clock yesterday, 2017-10-15 where the lower part of the candle got the highest heat on Bitfinex (trading BTC/USD). From visual alone I would guess most of the volume tokes places after the drop in value, traders catching the falling knife. Last hour of the day 23:00 the reversal candle has the hot end in it's upper side, again damping the move, this time the upwards motion. That's the basic idea? Low temperature candles of small size suggesting a sideways motion following? A readme or help button would fit in just fine anywhere on page. It's also new to me, so I am still trying to find out the best interpretation. So far I find more interesting buy\sell view mode, where I focus more on ratio between sell and buy volume, it's looks like a good indicator of market sentiment. I Also updated the chart yesterday, try to turn on "order book". It's heatmap of orderbook, just awesome way to visulize support and resistence. Would you be willing to kick off some draft of readme? I kind of suck in describing things clearly and easily :/ Any help would be greatly appreciated...
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Thank you. I find more interesting the ratio between buy and sell volume, I believe it can indicate the market sentiment despite overall price trend.
Speaking of support and resistence. I am about to release an update with heatmap of orderbook. It's much more powerful when it comes to support/resistence visualization.
Currently I would like to explore more this charting concept so no plans to connect other exchanges yet. If it proves itself useful I will surely add other exchanges and coins.
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You can try https://cointerminal.io and https://cointerminal.io/heatmap. If you like to use technical indicators or more advanced statistics, this tool can provide a lot of inside and fast overview of major exchanges. Heatmap is an experiment with alternative trading volume charting. It displays exactly where trades were executed, visualized directly onto candlesticks... Disclaimer: I am creator of this app.
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Hi guys, I just wanted to show you an experiment I finished last night. It's a visualization of trading volume directly on price candles, so you can see where trades were exactly executed and how much. You can also switch between cumulative and buy\sell view mode. Try to move the opacity slider to its extremes, it does nice combinations of candlesticks with heatmaps. https://www.cointerminal.io/heatmapLet me know your thoughts, I am still discovering ways how to effectively interpret it.. Here are few screenshots:  
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