Support Board
Date/Time: Tue, 22 Apr 2025 10:47:42 +0000
Heat Map Algo filter
View Count: 743
| [2024-10-10 17:20:07] |
| User168203 - Posts: 3 |
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Is there a heatmap algo filter available for Sierra Chart like the Bookmap Trader Map Lite
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| [2024-10-10 18:40:16] |
| John - SC Support - Posts: 39395 |
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We do not have a specific option such as what is indicated in the image you attached, that sets up specific settings for certain markets. We do have the Heatmap equivalent in our Market Depth Historical Graph. Refer to the following: https://www.sierrachart.com/index.php?page=doc/StudiesReference.php&ID=375#Market_Depth_Historical_Graph For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2024-10-22 12:03:43] |
| User130077 - Posts: 10 |
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Hi I wondered if you had any advice on how to filter out these auto straddles you see on NQ and Es in particular, they really distort your view of the market, i have read through the documentation and cant understand how bookmap have achieved this. Best Stuart |
| [2024-10-23 20:53:07] |
| Sierra_Chart Engineering - Posts: 19305 |
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What do you mean by "auto straddles"? Are you referring to Target and Stop loss orders? In any case it sounds like we do not have it.
Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing Date Time Of Last Edit: 2024-10-23 20:53:18
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| [2024-10-30 01:26:08] |
| User168203 - Posts: 3 |
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I think the "auto straddle" referred to is the market maker noise/algo that is above and below the price line. I would love to know how Bookmap figured it too!
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| [2024-10-30 10:05:51] |
| cesium - Posts: 129 |
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Its not from market makers, despite what erroneous garbage bookmap claims in an effort to peddle and sell overpriced, buggy, and slow java code, it is not from "Market Makers" You have bright red and yellow colors on your Market Depth Study. Sierrachart provides the ability, completely built-in, to change the colors of Market Depth Historical Graph. This function works as intended. |
| [2024-10-30 15:48:10] |
| John - SC Support - Posts: 39395 |
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We see you have the Input for "Highest Quantity for Coloring" set to "500", but you also have the Input for "Color Values Greater than the 'Highest Quantity for Coloring'" set to "Yes". If you do not want to see those blocks colored, then you would want to see the latter Input to "No".
For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2025-01-27 17:58:18] |
| warpigs - Posts: 42 |
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Any update on this? I think the commenters are misunderstanding this. Last year these bracketing algos appeared on ES/NQ/others and it was a dramatic overnight change in the order book, and it has not gone back to normal since. Anyone who claims otherwise does not watch a heatmap daily. It was over the top. BM introduced their Tradermap plug-in to filter out these bracketing algo’s liquidity. I don’t know what it’s doing technically, but you can read about it, and it works quite well. It would be great to see a similar implementation in SC. As is, heatmaps are basically useless on these indexes. Whereas using the BM plugin you can see the liquidity levels again. It’s more complex than just a contrast or coloring issue.
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| [2025-01-27 20:22:08] |
| cesium - Posts: 129 |
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the algo liquidity is most likely never going to go away as i have posted before, as a user here, change the colors until other solutions are implemented i am sure having heatmap display colors such as FULLRED FULLGREEN FULLWHITE FULLORANGE would be blinding in any scenario also, bookmap customer userbase is completely different than sierrachart. completely different, no intersection at all, none. not comparative. Date Time Of Last Edit: 2025-01-27 20:24:03
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| [2025-01-27 22:16:11] |
| warpigs - Posts: 42 |
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I don't think it's going away either, which is all the more reason to find a work around. Changing the color intensity is something I would recommend in either case, but yeah, it does nothing to address the issue. I'm not sure how they're doing it but their solution works well and it's free, so maybe someone can check out the code.
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| [2025-01-27 22:56:17] |
| cesium - Posts: 129 |
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For the functionalities you describe, the bookmap add-on is not free, it costs 49USD/month additional, and is not open source, it is closed source...in...JAVA.
Date Time Of Last Edit: 2025-01-27 23:04:47
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| [2025-01-27 23:37:32] |
| warpigs - Posts: 42 |
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You're not looking at the right thing, there's a free version and a paid version, the free version works just fine for ES/NQ and does a decent job of getting the heatmaps back to the way they looked prior to the bracketing algos showing up last year: https://bookmap.com/knowledgebase/docs/Addons-Tradermap-Lite Date Time Of Last Edit: 2025-01-27 23:38:01
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| [2025-01-28 00:41:08] |
| cesium - Posts: 129 |
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I am informed of the existence of both tradermap lite and pro, and which is built in and which is paid, and which has what functionalities and to what degree they each are effective. Note in my previous response I included a distinction referring to “the functionalities you requested”. I was looking at the correct thing. Date Time Of Last Edit: 2025-01-28 00:42:02
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