 hello everybody if you can hear me just say yes in the chat hello everybody if you can hear me just say okay Bruce is it streaming correctly yes yep I hear you fine hello viewers I see a lot of you coming in just late let's wait a few seconds and by then we can you know cover some areas like you know this is a very common query so when we'll true data support level 2 data for bookmap so we are coming with level 2 very soon we are starting with BSE data first and that level 2 data will be connected as soon as we can we've already got the lines in place and we've got to just the integration for the level 2 data soon we'll get that as we get more interest built up and more people start using bookmap India we will move on to get it for other markets and try and also get more depth level 2 data and level 3 beyond that has become a little expensive and we need to see traction from our users and interest if it's generated we are sure we can easily add that and you know provide this to you also so that should come a level 2 for BSEs should be is just round the corner and then we will add it for the other exchanges also including BSE so today's webinar this is going to be an advanced webinar and what we are going to cover is is how to use bookmaps advanced add-ons effectively for the Indian markets we are mainly going to focus on CVD, POC, VWAP, correlation tracker, absorption indicator and sweep indicator those of you who haven't you know attended the first webinar we had this is available on both the bookmap and the true data YouTube channel please feel free to go through that webinar also and we also have some basic videos on our website and on the true data bookmap.truedata website and also on the bookmap YouTube channel you can go through those basic instructions for how to get started with bookmap and how to you know move on with it this is for the advanced users mainly the bookmap India pro users would be able to use these advanced indicators so those who are using the basic bookmap India basic do not have these indicators you move on to the bookmap India pro version then you will get all these indicators and today we have again Bruce Springle with us who is the lead educator at bookmap and who's a very experienced trader and he will he's a he's the he has a knack of catching these moves with bookmap and explains it so well so again we have him with us to explain us all this he's going to cover the webinar under this agenda first of all where to find bookmap for purchase starting with bookmap.truedata.in and then what are the different versions of bookmap India that will be covered by him and then he will get on to the bookmap India add-ons first of all in general and then an overview of the bookmap India add-ons he will cover all those to explain to you those add-ons how to enable these add-ons also will be covered especially including the correlation tracker and POC on a chart which a lot of users have been asking how to you know enable these add-ons the correlation tracker and the POC on a chart the same will be brought out along with other indicators which I have just covered also along with this we will cover all the add-on settings which are required to make it work well and make it work efficiently for you and then we will also have a question and answer session after that and if you have any questions we will we will get on to that and level 2 we will like I mentioned it will be available and it will come soon and we will add that as soon as you will know soon that when this is added with you now over to Bruce who will now start with his presentation and you know give us the give us his idea and how to effectively use these add-ons the Indian markets Bruce over to you okay thank you capital and let me let me get started here just a moment just a moment here guys can you see my screen and we can see your screen Bruce okay excellent all right so looks like we're all set now and all right so thank you capital and we're gonna go through all the add-ons here and I think what we'll do in the agenda here is go through them one at a time and let's start here at the beginning so first off I saw some questions earlier about just basics of book map so I just wanted to share with you I put it into the chat already as you can see here right here the book map true data India launch and you can find it here as well so you know this one goes through just the basics of book map and as capital had mentioned the one that we are presenting right now is more about the advanced add-ons and going through the details there and we'll start here at the book map true data.in website here I'll put this into the chat as well for you and YouTube so that you have that and link to this now here you can get started for free etc. or read through this here we've got some videos etc. but we're gonna scroll down and we want to go through the different packages here you see the book map base the free one the book map basic and the book map India pro and then also the data package here so we'll scroll down a little bit and here are the add-ons here the advanced add-ons and you can see with the different packages what you're getting okay so the book map India basic the one that you're gonna get here for free or included with it is the cumulative volume Delta CVD and that's it okay all of the rest here come with the book map India pro now that includes the point of control the VWAP the correlation tracker the absorption indicator and the sweep indicator and we'll go through each one at a time and I'll show you where they are how to add them etc. because the process is a little different for each one so we'll start right off with cumulative volume Delta and where to find it how to go through the settings etc. this one we've had for quite a while in book map and it is I'll show you here it is under studies configuration here so click on the studies configuration in book map and then in here you'll see cumulative volume Delta up here and then select it with the checkbox and then click on it as well and now you're looking at the cumulative volume Delta and the it also shows up in the sub chart down below here okay so now to show let me just I'm gonna close this window for a moment in the sub chart down here you may see your chart like this right now you may need to click on the small arrow that's at the bottom of the price ladder click on that open it up and you can even adjust the height here by when you see the double-sided arrow here left click hold and drag up and down to make it expand it or contract it and let's go back to the settings here okay we'll click on this and go to cumulative volume Delta there's different ways of looking at it here at the compact view the symmetrical view you you can hover over here and just and go through it and understand what it is in terms of relationship to the axis here symmetrical would be that the zero line is right in the middle include the zero line means that no matter how big the cumulative volume Delta or how small the cumulative volume Delta is it will still show the zero point in here in the compact view will not show the zero line so if you start to zoom in here you can see that the zero line is not listed in here now so it's up to you which one you prefer and then here under cumulative volume Delta it's already selected has a blue line underneath it you can add multiple cumulative volume Delta's in here we'll go over that in a minute here let's just go through the general settings order size in here you can also filter your cumulative volume Delta now go over that in just a second as well but the indicator range session range and chart range what this means here is since when I opened up my book map I can have the cumulative volume Delta from that entire session so the readout from when I open it up and you'll see the number here at the current the widget panel down here shows the overall number here okay so pretty high number here you know for 4202600 now watch when I go to chart range well let's zoom in a little bit and then I'll go to chart range here and you get a very different output here so it's now it's just showing me the cumulative volume Delta of my viewable chart range okay so for example everything in this viewable range if I zoom in a little bit further you will get the cumulative volume Delta output only for what's in this viewable range right now and that's it okay so that's the chart range and session range and you can split out the buyers and sellers okay let's actually go to the default colors here and that's a view that many many people like I like to see the just one output line which is just buy minus sell over time and and that's it now there's many different resets in here as well you can reset now you can add a reset you can clear a reset if you add a reset you can see the time and then also an interval here maybe you want to reset it every five minutes 15 minutes whatever so you can see that this this is maybe a little different than what you're used to in terms of cumulative volume Delta there's quite a few different options in here and some nice options for resetting also session start which you you can define in here when you check this box here now let's come back up here to the top and go through a few more settings in here you can add multiple cumulative volume Delta's so if I click on this here I give it a name I can call it CVD to and create it and it has two different lines in here as well and maybe I want to do a filter on this one you can see it popped it down here as well in the widget panel now let's go over the filtering and we'll make it we'll make a distinction between these two different CVD's in here under CVD to it's selected has the blue line underneath it and then I'm going to a select minimum accountable volume size so just show me and let's just bump this number up to 12 or let's let's go quite a bit higher here in fact let's input like I don't know 550 okay all right so what this is saying here is the volume size here is being filtered in and taking away any small transactions and you can see the distinction down in the in the cumulative volume Delta here okay so this line here is showing every single transaction whereas this line here is not it's being filtered okay and they're very equal here there's gonna be some slight differences in here but you know you play around with the filters to you know give something that maybe maybe you need to bump it up to look at you know a bigger output here to see a distinction in here what I'm trying to do is I'm trying to ascertain between the filtering in here between two different larger larger players and all players or larger players and smaller players so with if we click back on the original cumulative volume Delta here okay and we we put in maximum size and we input let's say you know 500 so it show me anything that is 500 or less and and we zoom out here so you can see a big distinction now between the two right so anyway that's some of the filtering here with the cumulative volume Delta in the different settings in here as well so we'll come back to this and if you have any questions on it but in fact let's just delete it let's bring it back to reset here okay and we're back to the regular cumulative volume Delta all right and we'll close that window okay so again cumulative volume Delta you will find it under studies configuration and this is with the basic and the pro version that that you'll get it now let's go over the next one okay so the next one here in our list is point of control indicator and this is where you'll find it is kind of hidden in essence but we've we've done this by design to put it within the session range volume profile column over here okay so the way that you'll find this is you'll need to open up a column okay so you can right click in book map in any column here you can insert a new column and it will duplicate the column I just came from now there's two different volume columns I have here CVP and SVP CVP again is using that chart range volume profile so anything in my viewable chart range give me the profile for it that's what it's showing here so now I don't want both of these here so I'm all we're gonna right click in one here and I'm gonna go with you'll see the different settings in here to session accumulated okay so go to session and now what this is showing in this volume column is all of the transactions in the profile here from when I opened up my book map okay if I zoom all the way out you can see I opened up here at the open of the market so now the chart range and the session range are equal in essence okay so what now under the SVP column here let's right click again and we're going to go to now configure column this is where you'll find your POC right here and we'll select it here and it's the yellow line here you can change the color if you like to whatever to whatever suits you okay so now what is the POC showing this is showing your point of control which just means very simply the most traded level so if we zoom out here we can see the point of control has been shifting a little bit and it's shifting to the upside here so the most traded level is now just just moved up to here okay in the profile and that's the most traded level for this session at this time and lots of volume profile traders this is a really important element to take a look at here so you want to understand where the most traded level is it is basically defines value and you can see previous value areas so for example let's say let's suppose that we start to see a lot of sellers come in here then you're going to be looking for sellers to probably take it back down to this previous area here where it traded because that was a previous value area is very close to this new value area that just showed up so here come our sellers right now and yeah we'll take a look we'll come back and kind of revisit this but you know they'll be shooting for some of these lower levels in here maybe comes back down to the swing here if there's more sellers then we would be looking for it to come back down to this previous point of control all right so anyway that's the point of control and that's where you can find it it is in the SVP column in fact let me get rid of the old SVP column here okay all right so anyway that's the cumulative volume or the point of control let's go over the next one next one is the VWAP all right so we'll come up here to the studies configuration this is again where you find the VWAP we'll click on that and it's here okay put a check in the box here and then also click on the text all right so you don't have too many settings here you have you can change the color of the line or you can there's some resetting options in here as well okay so let's actually close it for a moment here and we'll come back into SVP column and I'm gonna deselect the point of control just for a moment here so we're not distracted in fact we're gonna deselect some of these other ones in here as well for the moment okay all right so here we go here's our line our white line here this is our VWAP if you hover over the line you can see it it says VWAP and it has the you can also find it no it's up here in the configure visible components and you can deselect it here if you like it as well all right so it's just kind of a quick toggle to deselect it now it the VWAP is a very very simple indicator volume weighted average price and most of us know what this is and we know that it's a great indicator because we know that a lot of larger players are using VWAP for averaging their costs and looking for is it above VWAP or is it below VWAP are they looking to trade it back to VWAP etc so you know for example that we can kind of align something in here what we're looking at in different ways of playing some strategies of you know that previous point of control well it was down in this area here let's just take a quick look again and mark it up okay yeah it was down here at this area and then and it went up to here and then it moved up once again so you can start to see when these kind of come together so maybe we'll find some mean reversion traders right now we're trending to the upside but if we see some sellers come in maybe they would start to shoot for these areas in here this was a previous value area here and then we have our volume weighted average price down here so this is different ways to consider using these indicators if you're looking for for example in this instance mean reversion back into an area where there's some sort of average in this case there's two we have point of control and the VWAP all right so now let's go over some of the settings in here and let me deselect it for just a moment on the point of control and let's go to studies configuration again and then we'll go to the settings so the settings are really simple in here session start you can have it reset at your session start okay so just you know deselect that reselect it here and then you will select what time you want it to be input your time in here this is I use it for 930 cash open here in the US and then you can it'll reset at that time okay or you can do is reset now right so watch what happens when I hit reset now okay so it just reset so here here it very abruptly the white line goes right up to the top here and reset right you can add a reset as well very similar you can have your first reset time here and you can put an interval you can have it reset every 10 seconds if you like okay so what it's it's really up to you there's a lot of scalpers resetting every 10 seconds or every 30 seconds or a minute or something like that is maybe something of interest you're looking for scalping looking for a move back to VWAP very very quickly or maybe you're looking for a move moves away from VWAP okay again it's an average so you know you're looking for kind of very very quick mean reversions all right so let's go back here and then we're gonna clear all of our resets here okay there's a few different ways to do it you can clear each one or clear all in fact let's do a couple reset now's and you'll see the settings in here and then the actions here hit the trash can and it will delete it okay all right so anyway that should wrap it up for the VWAP let me know if you have any questions about that and now we can go on to correlation tracker absorption and the sweeps indicator the correlation tracker let's start there this one's a little different the all three of these are different here and here's why so in order to find these you first will need to go to bookmap.com you'll need to click on the more button here and then you're gonna go to the knowledge base okay these are not part of the download you will need to download these separately and again these only come with the bookmap India Pro version so we go to the knowledge base here now in the knowledge base section here you are you land into the user guide section this is where you're gonna find the correlation tracker so we're gonna scroll down here a little bit or you can do a search here and we're gonna scroll down a little bit and under indicators here number five we're gonna click on correlation tracker here this is where you can click to download it here you can go through all the different settings etc in this area here okay but we'll click to download and it downloaded it here the jar file all right so let's open this up and in here is here's my jar file here all right so now let's let's go back to bookmap and let's add this indicator here so again the other indicators that we went through they're under studies configuration the tool to the right of this here is configure add-ons let's click on that and it brings up our add-ons configuration window here and we're gonna add a new add-on okay in fact we'll click on it here and then you'll basically select it here and open it in fact let's let's do that I'll just get rid of this old one here I'll remove it and I'll add it select it open it select it here and load it and here it is so check the box click on the text and then we have our correlation tracker here okay so now the way the correlation tracker works is we need to add something in here first it's not correlated to anything at the moment so we're looking at the nifty right now and we're gonna correlate another instrument right we'll correlate it to the bank nifty and see how they're they're tracking together so you need to open up your other instruments and have them in your tabbed versions up here okay and that's quite easy just to click on the add instrument here and then under true data you will you know click on whatever instrument it is that you want to add in here okay all right so let's go back back here let's go back to the correlation tracker and then let's add the the instrument to overlay here okay and we'll find bank nifty and we'll select that and it now shows this kind of purple line here you can change the color if you like to whatever it is that suits you you can change the line thickness of the line type in here as well and okay so now we have it in here and we're looking at the correlation okay so they're correlating pretty pretty well we can see a distinction already though right here okay so the nifty is going down the bank nifty is not so who's leading here what looks like the nifty is because now we can see the the bank nifty following suit okay so what this is it gives a little bit of insight okay so now the bank nifty still it's not really really dropping as much as the nifty is so maybe this is stronger here actually and maybe this is usually a bank nifty is a little little more wild and a little more volatile here but at the moment it seems to be a little bit more stable than the than the nifty is so anyway different ways to calculate this here it can be on last trade or it can be on the mid-price and the reference points in here from the left of the chart or you can have a reset value in here as well okay I have it on left of the chart here and so when I zoom in okay it's always calculated here from the left of the chart and that's pretty typical from any kind of a correlation tracker okay so I zoom in it's going to be a pretty tight correlation here because there's a lot less data in here all right so let's go back here again and go through some more settings the if I choose a reset value in here okay so every minute or you know I can choose up to two minutes two hours one day so let's leave it on minute right here and then we'll wait for a minute here to see a reset unfold and basically you'll just go back to zero and then we'll start that calculation again you can see it here already here's one here's another one right here so every minute it resets to the nifty here at this point okay so here's our distinction here's that that reset and then here's that again discrepancy was our minute mark we're waiting for a minute here and so yeah that's that's basically it the here it is in here not much of a reset as you can see so that was a little hard to see it but so this is another tool that if maybe you're looking at very small time frames you're looking at discrepancies and prices between the correlations and then trying to take advantage of that with the scalp okay so that's looking at the correlation tracker here that's how to find it and that's how to add it okay so you can add multiple correlations here to the window if you like as well so let's add another one okay and we'll add in here we'll look at reliance okay and it's this blue line here now and we'll close that okay and you can see it too is on on the reset value here for every minute okay maybe we don't like that let's come back back here and you can see though that the it's this is a global setting here the reference points so it's either a reset or it's it's not it's from the left of the chart here okay so it's up to you how you like it and then yeah you can see some some big distinctions in here or discrepancies between the two and yeah it's something that you you know these correlations there they're constantly changing I mean there's you know some classic ones that you know if it's going to be interest rates versus stock market or if it's going to be certain stocks that are always leading compared to the indexes etc but sometimes they change and you'll just have to know your markets but anyway they can also I think it's one of it's one of my favorite tools that is a fantastic tool to be able to understand the relationship of one instrument against the other and then can lead to a lot of good insights on where price might go next okay so anyway this is the correlation tracker you can you can remove each one individually here you can add more like I said you just have to have this in the symbol open here okay so all right we'll deselect it for now and then we'll close the the window all right oh I didn't go over use case scenarios here for cumulative volume Delta why don't why don't I do that here and just take a moment I'm sorry about that so let's we'll go back to studies configuration here we'll take a quick look at the cumulative volume Delta click on that and then that and the ways to kind of read this and use this indicator a lot of traders well again we're looking for a discrepancy between the indicator and current price on cumulative volume Delta so for example cumulative volume Delta is a very very simple indicator it's just buy minus sell over time if it's a green dot which means a market buy order then that's a positive value in cumulative volume Delta and take that volume and add it together if it's a red dot that is a market sell order it is a negative number add that into the mix now too and just plot this over time so let's zoom out a little bit and we can see that our cumulative volume Delta continues to go up and up and up some interesting readings in here quite a bit of selling in here but you look at our cumulative volume Delta it's not really showing too much it's just kind of mildly dips here and but on the chart it looks like that you know there's quite a bit of selling in here down at this lower level okay well here's your here's your discrepancy in price okay so in price look where price is down here it's way down here look at the retest to that price that same price area here okay there's there's your divergence okay so let's just show it here so if we hover over right here here and take a look okay slightly going up just ever ever so slightly here and let's take a look here now at cumulative volume Delta I can't draw on it here but you can see it well actually I can if I use my pen tool hold on okay you know on Delta that's not the right one you want Delta is going up okay so what does that mean in here that means that in this area here okay there is more buying than there is selling that's all it means it also means that this was a pretty deep pullback here but there wasn't a whole lot of selling on it on that pullback yet price was able to come down to that previous lower level here so it's giving us some insight so if we don't see sellers continue at this level down here well then we're looking for buyers to come back in and try to reach back up to the top of the level and if we see more buyers as we do here here and here we are looking for a breakout because there's more buying at these higher levels up here okay so this is how a lot of traders use their cumulative volume with Delta to understand divergences and this is pretty good it's not it's not bad not bad one here and sometimes you see the opposite divergence sometimes you'll you'll see that price is going up higher and higher but you really don't see much of a move in cumulative volume Delta okay so at that point you can start to understand or ascertain that there's not a whole lot of buyers that are moving price higher right so yet you know that there's your divergence that between price and cumulative volume Delta and you can look for at that point maybe your mean reversion trade look for your you can use these all of these indicators together cumulative your cumulative volume Delta along with your point of control and your VWAP and you would be looking for a return back to VWAP in that case okay so yeah let's let's zoom in here and let's see if we see any other kind of opportunities here at the moment well we see the big move here to the upside of the pop and more and more volume here so they are really not not seeing much here at the moment fact let's just make this a little bit bigger and we'll zoom in yeah here see how this is making a higher high in cumulative volume Delta but it made a kind of a lower low in here okay or an equal low here so all it means though this is this is what is really important to understand with cumulative volume Delta is that you need to understand what the indicator is showing you what is the calculation just because there's some sort of divergence and you know some trader maybe did a video on on divergences etc that is meaningless we need to understand what the what the indicator is showing us and then and then we can we understand how to use it okay and it's really important element for your indicators for any indicator what is it showing you what is the calculation and so if we know what the calculation is and we can understand that in this general whole area here that we came down and we made this kind of equal low here but there's more buying in here in general than there is selling here okay so at that point all right make sense let's see if we can get buyers come back in and move it back up to this high here so here they are now if we get more buyers up here and we're not right now but if we get more buyers up in here we'd be looking for it to break the range and let's see if we get more buyers now there's a we can also see the divergence here in cumulative volume Delta between here it's not actually here it's a little bit higher as this one here and right now it just made an equal high okay this is where you have to be really careful about your cumulative volume Delta just because there is a divergence here doesn't mean that this is going to drop because if there's enough buying in here it's going to pop up to the upside and that would be the primary scenario here I would be looking for this to pop to the upside because it is transacting up here can we volume Delta will pop as well once we get enough buyers in here okay now if we don't see that though if we don't see this buying in here and we see sellers in this area down here and we have that divergence then it looks pretty good for the sellers to try to drop it down to this swing low here okay so you can see the breakout was unfolding and that would be the primary scenario even with the divergence okay that we saw earlier okay the divergence is gone now it's made a higher high and cumulative volume Delta has made a higher high anyway we'll stop at that point about cumulative volume Delta it just kind of scratches the surface it's a great indicator to to use and to understand you know not only diverges in here but like it can also kind of really help you understand the overall range and and the traders within that range so sometimes it could be hard hard to tell between buyers and sellers looks like this kind of equal but the cumulative volume Delta is always just buy minus sell plotted over time so it can give you that good insight okay so here here again like we're getting our breakout here and and that's what we thought because of our transactions up here even though it was diversion all right so just really important to understand the distinction here because that would have been a false signal all right and if you know what your indicator is showing though then you can disregard that false signal and actually look for the continuation in the trend all right enough said on that let's move on and we'll move on to the next indicator here and just a moment okay so we left off on the correlation tracker and how to add that and now let's go back to our list here and we're going to go through the the last two the absorption indicator and the sweep indicator here all right so now these two are added a bit different as well okay so there's three different ways to add these we started with the with the accumulative volume Delta and the VWAP and the POC even those were different but we those were all found under the studies configuration except for POC which was found in the column here and it has to be an SVP column a volume column and a session accumulated column and then you go to configurations and then you hit your POC here and it'll show all right so and we know that we had to add the correlation indicator here via the add-ons configuration window all right so now let's add the final one here and let me show you where you can the final two and that they're added the same way here so this is how you'll add them okay go to bookmap.com we'll click on the more button here we'll go back to our knowledge base here and the the correlation tracker was in the knowledge base in here okay under under indicators as we scroll down under here okay the sweep and absorption indicator is not in the user guide section it is in the add-ons section here so we'll click on add-ons here and this is where you'll find them you'll see the book map add-ons list in the left margin here and we'll kind of scroll down a little bit and you can see the absorption indicator here so we'll click on that and that will bring you to the absorption indicator area and the the right margin here shows you the kind of breakdown of the article in the middle we'll click on installation that will pop us down to the installation guide in here and then here's where you can download your indicator here for absorption so click on that to download it okay now again this works with the book map india pro version only okay and you'll need to read through what version here 7.1 build 56 or 57 here that's likely not a problem you're probably on 7.3 anyway go through the the add-on here again I'll go through the process with you so what we'll click on the add-on configuration here let me get rid of the absorption indicator and we'll add it let me get rid of this one as well okay and let's add the indicator go find it from my downloads here and I'll just open it here I'll load it and here it is I'll select it and I'll click on the text all right and then here it is okay so what is this showing here okay so we cover this indicator before I believe but let's go through it in detail again all right so what we're looking at here is a very very simple indicator and it's plotted on the chart it is showing areas of absorption at a price level it's very simple within 2.5 seconds which you can change here that value maybe you want to look at more or less by default is 2.5 okay let's see can you guys am I back on YouTube yeah looks like I'm back okay so can you hear me now yes okay great I'm sorry about that guys I'm not sure what happened here on my end but yeah everything went down and let's let's add our workspace here and connecting to the platform I have an issue here with just a moment that's unfortunate I'm sorry about that okay we're back we're up and running okay all right so anyway let's see here if I get my backfill data in here we'll wait for a moment but we left off on the absorption indicator and what it was showing here so we already had added it and I was just going through the settings here okay so the crypto lifer is in here okay good morning yeah yeah so let's go let's go through the the absorption indicator in here and and and how it works for the for the nifty within 2.5 seconds show the traded volume here that was either greater than or equal to in this case an inputted value of 5063 market on the chart okay so what you can input this value to whatever it is you like right so in fact let's close this for a moment here and let's zoom back out a bit here oh good I still have my data okay great all right so I'm sorry about that guys they got not good timing on that but anyway we're back up and running and let's go through it here the thanks for the for the kind words there crypto lifer all right so what are you doing up so let's go through it here again all right so 2.5 seconds we're looking for a certain value to transact or not okay so in fact we have the sweeps up here all right so what you can see that we see a pink number and a green number in here okay so what this means is within 2.5 seconds this was at least 5,000 and you can see it was 5650 here so it was over this this number here and within 2.5 seconds the amount that traded there was within that time frame but only at one price level okay so we're looking for a significant volume to trade within a very short time frame and we'll go through the automatic mode here in a minute but it's very very simple indicator that's that's all it does but if this is the case that we see a lot that transact within a very short time frame at one price level likely there's a lot of limit sell orders on the other side that is absorbing okay because who's taking the other side of that trade and it you know it could be an iceberg an iceberg order a hidden order but likely it's just a high liquidity in here okay most common scenario is just very high liquidity here okay because price was not able to trade through that area now you can play around with this setting in here with the automatic mode okay so we'll click on and select automatic mode here and there's a standard deviation interval here in minutes and then also a standard deviation multiplier okay so the the deviation in minutes we have 30 minutes here you can input whatever you like in here for your value and then the standard deviation multiplier well it's on 1.5 right now so basically this kind of it's just a fancy way of trying we're trying to make a filter here we can use an like a mean average price or something like that but instead we're going to use standard deviation right so 1.5 standard deviations if we play around with this in here you'll see what happens okay right now remember we had 5,000 up here right now it's grayed out and it shows 1565 or 66 here right so and it's nothing selectable here though right if we bump up the standard deviation okay to to 10 see how it says seven seven thousand five hundred and one now well so within 30 minutes with the multiplier of 10 on the standard deviation this is what we got so this was the output so now book map is looking for to plot anything that traded that was over or equal to seven hundred five or seven thousand five hundred and one within two point five seconds okay so let's zoom out here and what do we get okay there's a few different values over here that's it okay so we're not getting too much out of it with that setting here so let's go back to the automatic mode in here and why the automatic mode well because if we're using if we're going to use standard deviation within it within a time frame here then we don't have to come back in here and always play around with the settings the settings are going to it's going to be changing it's going to be a dynamic in here due to the output of the time interval and the multiplier so it's a great way to kind of set and forget so you don't always have to come in here fiddle with well it's volatile now I you know I want to see something that is like you know ten thousand or so okay so anyway that's why we use this automatic mode in here and you can see that this one's giving us a lot better reading here okay so looking at just just under five thousand and we're getting some pretty good readings in here and here's a couple actually four at five thousand and again very very simple one price level within two point five seconds show me that that much that has has transacted all right that's it yeah I'll get to your questions a Q&A session here I'm sorry they got we were running that at a one hour point right now we're almost though there and then we can go through the Q&A session okay but we wanted to be kind of exhaustive on some of these indicators because we have had lots of questions about them and understand what they're showing in here now see how we have three in here right now and here says thirty nine thousand three hundred and fifty it was aggregating them if we zoom in here it'll break it down and you'll see that each one has met that condition here okay so this one was you can see one square here so that was eighteen five fifty the here's our seven thousand or seven thousand one fifty and here's thirteen thousand six fifty okay so anyway that's the output here when you zoom in okay when we zoom back out well instead of showing all those numbers clustered all together we're just going to aggregate it into a bigger number okay and give you the overall you can still see the square here and where the where those transactions took place okay and that will give you your reference in here so a lot of a lot absorbed in that area here okay a lot of selling tons of selling that just came in and yet at a few of these levels that that condition was met okay so someone's on the other side and they got filled in that area here and yet there was still more selling pressure now how you can use this is we're looking right right at it right now okay these were some big transactions look at buyers are back up here now I'm looking to see buyers can pop above this area here because there were a lot of buyers here on the bid that absorbed that selling and see how we're above it right now great that means that anyone that sold down here is going to get squeezed here on the upside okay and it's due to exactly this in here okay let's do to a few factors but this is a big factor in here that there was other buyers on the bid at these price levels here okay so now we're looking for buyers up here and let's see if we can get a squeeze okay a short squeeze here because these traders sold in here and now they're you know kind of on their back foot okay so if we get a little bit of pressure here kind of break the top here and maybe come back up into like this 15 8 8 6 7 area here okay and I'm looking for a quick move in fact okay because these are it's gonna be a book sweep and we're gonna go over a book sweep in just a minute here okay very similar to this indicator here and we get insight from this one okay so this is here's one way to use it okay we're we're understanding that there was a lot absorbed in here they're buying okay because if you didn't have this indicator you'd be thinking wow this a lot of selling and it should go lower well now we're above that area here though and we knew there's a lot of buying in here that absorbed a lot of selling okay so we're understanding the condition of the buyers and sellers in here and we're looking for a scenario to unfold we're looking for a short squeeze and we're looking for a move back up to the top of the range here okay now what we need to find is buyers and are we finding them we're starting to find a few at the top here now let's see the push and let's see if they can follow through and let's see if we get a book sweep there we go okay so I'm looking for more and let's go let's go back in and we're gonna cover now a use case scenario of the book sweep and put that together with this absorption indicator all right so we'll go back to studies configuration and let's just remove it for now and I want to show you again how to add it here okay so the first thing to do is we go to bookmap.com click on the more button here and we go to the book knowledge base again okay now we're in the user guide section on the knowledge base we want to go to the add-on section here on the left margin here we're gonna click on the sweeps indicator and in the right margin we're gonna kind of drill down to the installation area here and we're gonna click on download here and download the jar file okay now we go back to bookmap and we'll click on configure add-ons and we're gonna add the add-on and we're gonna go find it okay I know it's in the download file and here it is sweeps indicator double click on it select it load it select it here and then click on the text here all right now let what is this one showing here well it is one small difference between this and the absorption indicator so the we're looking at 2.5 seconds again okay now let's just kind of bump it up a little bit and we'll put in a standard deviation etc. I get some sort of output here okay let's just bring it down to point 1 1.5 all right so 30 minutes and 1.5 standard deviation the output is going to be about 3,169 okay so now the big difference here between this and the absorption indicator it's the only difference in fact is that this is for multiple price levels so show me here that within this time frame we had this much transact but over two different price levels here okay minimum of two it could be more could be three could be five it could be ten so whatever you want to input here so basically we're looking for a quick move but it swept all those areas it wasn't absorbed it was swept okay and a sweep is something like that fast move we were looking for in here okay and we did get it okay we got it back up to the top of the range and now it failed up here and we wanted to see it at least come back up in here and maybe you could break out okay but at least to move up into here and we got it okay we're looking at this eight seven six area here and it came just maybe a little shy of it but basically up to it okay and multiple price levels in here again now this was a sweep absorption in these little areas in here but a book sweep as well on the way down okay that this condition was met that within this time frame we see multiple price levels in here okay so we're getting kind of both readings in here with absorption and sweep but and that's okay we know that this was a quick move to the downside and a lot transacted a lot stayed in the order book and absorbed price action as well okay so we knew that there's buyers in here on the bid getting filled right so we also can see here these sweeps to the to the downside now one of the nice things about the sweep indicator is showing typically well it's it's a quick move over multiple price levels and lots that traded that is indicative of a stop run okay it's it may or may not be a stop run but likely it is and you'll likely see these sweeps at extremes okay so again you can start to use these indicators all together here and add a lot more confluence to your your trading your trading style so for example you see a move outside of the area here and it's a book sweep but you see sellers come back in well here is where actually we want to see the sellers come back in and we can start to see them in here okay great so I'm looking to see if we can get see sellers come back down here a little bit lower here okay and then a move back down to the low okay the swing low here right because this would be our we're looking for our book sweep up into this area here it failed it came back down into the range and we'd look for a move back to point of control or VWAP in here our VWAP is still down here but our point of control is likely here and that move has already taken place okay so you know if this is a stop run to the upside due to the book sweep you can look at those areas and then look for a mean reversion trade back to the middle of the range here or maybe even the other side of the range let's see if we can get it here let's see if we get some sellers in here and then a move back down to the bottom of the range here okay I'm looking for it we tested up here I want to see it test back down here and I'm looking for sellers to try to sweep the book down into this lower level here and get some some people stopped out on the way down alright so anyway very very simple indicators and we can go through the different settings in here as well we went through the main ones here you can put in a sound alert here as well and then some of these are display settings here visual displays so you can it's a global setting you can show the icon here it's this little icon here if you don't want to show that they'll deselect it you can show the value or not not see the value you can change the icon size and the offset and then also the offset line width here okay so anyway these are some of the settings in here something that's important to mention here with the icon size you'll note this okay see see the the relationship here in the the different sweeps okay now if I make the icon size bigger basically what happens is they start to overlap and once they start to overlap they're going to aggregate together okay you can see it here right 9100 if I if I zoom out you'll see 4750 4350 all right so that's another way to you know if you want to look at more kind of aggregated view as well if you don't like it but you want you still want to look at a bigger size well then you can just you're just gonna have to zoom in here okay as simple as that all right show the the trade dot that's the the square you can you know look at the dot size the dot shape it can be round or it can be a square whatever you prefer and then you have the different colors here as well okay all right so I think that's it let's just let's take a look again here we'll go through it and go back to true data here scroll back down and take a look okay so bookmap basic india basic in india pro and you get the cumulative volume of delta with the the bookmap basic and then the india pro you get cumulative volume of delta and the rest of the gamut here okay all the different indicators that we just went through at this point here I think we can open it up to questions and and let me know yeah you might have tons of questions in here so let me take a look at the youtube questions here and we get them answered hi Bruce we have a couple of questions from discord as well okay so what I'll do is I'll keep posting them so you can you know like answer or maybe like I can ask you the questions and you can answer on the spot I think that also works right that would be very helpful or Vashi sure so right so yeah so let's let's go all right so the first question is that why can't we see limit orders or heat map like crypto of Indian market well capital had at answered this earlier that at this time level 2 data is is not available but it will be soon so true data is working on that and we'll have it available alright okay so would like to know what is the optimal settings for sweeps and absorption indicators to be used for nifty bang nifty and stocks that's something you'll have to play around with and and find what works best for you and that will be based on a number of factors it will be based on what time frame you're trading and how much detail you want to see okay so maybe you want to see you know you'll have to play around with them and you you know you might every day might be different you know different volatility guys here this was the move we were looking for down here and a book sweep here and you can see here's our book sweep one and here's another one okay so you know you can really start to use these to your advantage now just because it swept down here will it continue so so in this case here I like this setting so this answers the question here you know this is showing me pretty good values in here so let's go back to it and let's take a look okay so the setting I have here right now is I'm using 30 minutes and 1.5 okay let's just play around with it and we'll get a different a different view typically what I've been doing is playing around with just the multiplier is the quickest I play around with that and you can see the immediate change in here all right so find out what kind of works for you maybe you're looking for the bigger sweeps here so 17,000 and within that 2.5 seconds over multiple price levels so play around with the multiple price levels you might want to play around with a time frame and the standard deviation multiplier or maybe even want to look at you know playing around with the interval in here okay so 30 minutes 60 minutes yeah I haven't really played around with it myself I like I said I've been used mostly using the multiplier I find that that does a really good job okay so look look at the move down to VWAP here okay so we talked about that earlier and the potential for that move and let's see and and here's our move but we don't see any sweeps yet okay well we there's sweeps in here believe me if we bring this back down we'll see it and there it is but we filtered it out and we saw the majority of the sweeps actually take place up here okay so again this can give you some insight it's it's really up to you you know potentially if you see the sweeps in here well then this move here well I maybe be looking for a move back to here as a retest so multiple ways of looking at this information next question all right the next question is how would you have planned your entry near VWAP and SVB today morning well I was looking for a trade to it to be honest so right now I'm not really sure what it's gonna do I'm you know maybe we'll see a continuation in a move through VWAP you know we can see some covering for sure right now and it's basically kind of going sideways here at VWAP and I just don't see any any sort of opportunity here at the moment right but the play to it though I think was is was easier or you know we're we're expanding extending away we're looking for that move and that book sweep up into this area due to these this absorption in this area here that move did unfold we came back down in here and we were looking for sellers in here to trade it back to VWAP down to the bottom of the range and then the VWAP right so that's the way I would have looked at it okay so let's move on to the next question yeah what is the best time frame for using bookmap or is it meant for only scalping trades and that that's again it depends on on your time frame there's a lot of scalpers that use it but you can zoom out and you can get a lot of value for swing trading using this platform and you know or let's suppose that for example you wanted to buy off of VWAP in some of these areas as long as you saw buying back up above it and you know you'd be that would be maybe you're kind of like day trading here not really scalping but pull back to VWAP and then looking for continuation next question next question is how to interpret the absorption sweeps outputs in concept of trading taking trades well so what is the indicator let's just take a step back here what is the indicator showing us okay so absorption is a high amount of volume that traded very quickly only at one price level okay so it means someone was on the bid in this case and they absorb quite a bit of the price selling there the aggressive selling that's why we're looking for I mean look at this look at the selling in here yet we moved back up above it and we'd be looking for a stop run up here above it so the that was the way we were reading interpreting it in here and was that that was the question or Vashi was that correct yeah okay okay so are we done with this I don't see what other questions we have here yeah so I mean there's this question around POC line I think some users are not able to figure out how to use it so can you just show them again yeah yeah let's go through it it is kind of hidden so we'll do here we'll get rid of this column here and in fact let's get rid of both of them here we need to have one column in book map so right click in it okay and then insert a new column now we have two COB columns here right click in the COB column again and we're going to select volume here okay now it's the CVP column chart range volume profile let's right click again and now we we're going to change it to a session accumulated okay and then we can hover over this and we can expand it out a bit and then we're gonna we need to right click in here one more time and we need to go to configure column and that's where you'll see it show POC on the chart okay and and that's it now and why we did this here in the in the column is so that you can reset the column any way that you like so that there's resets in here by hitting reset and configure your column so you can reset now or you know double click on reset whatever or you know reset it here a schedule a reset or even for your session start and input your session time so therefore it's going to calculate your POC for the session based on your column reset right so that that's the reason that why we put it into the column like this okay no you cannot place a direct orders from your like POC or VWAP I mean since it is dynamic in here I mean yeah sure you know if you want to trade well right now and it's in sim and I am in sim so I can I can I can place my trades here and moving around I believe that there will be some brokers that will be connected in the future sometime so you will be able to trade from the bookmap chart into your brokerage account I don't have any any any information on that at this time so we'll keep them posted about it so I'll move on to the next question okay I think there is one question from Hemil was asking what is the POC value on current chart is it around 15,000 824 yeah that's what I have 24 to 25 something like that okay the next question is can we see absorption in lot size I mean it is showing you the the transactions in here well no I'm sorry no it's not it's what it is showing again is very very simple so the absorption here is just show me here within 2.5 seconds that this number has transacted at least this number or greater so 7821 if so then mark it with it with the in this case the absorption or the sweeps indicator is on so there we go show me the green square okay and that's it okay I'll just I'll just take up that question can you hear me yes yes yeah so a user is asking I think it is Arun whether we can see the option in sweets in lot sizes now nifty has a lot size of 50 the data which comes in as a complete volume it is not as per lot size maybe we'll work with the book map team and see if we can you know divide the figures by 50 and see if we can convert it to lot size if you want so it needs to be each lot of nifty is 50 so as of now what you're getting here is the total volume and not the lot size we'll see if we if we can work with this and you know have the team add the lot sizes for you that's it Rishi okay so I think himel has another question I think he's not able to figure out the exact point boc line so he needs help with that I think he's able to see 15,797 as we can see 15,000 something around 800 levels okay so it's because of when you opened up your book map you start collecting your data so my data is different than yours if I zoom out here and then I also you know had a crash there that or you know a connection issue there so I had to kind of rejoin here and if I zoom all the way out now you can see that you know this is the data from my point here all the way to the current market here right so I have only in my chart now you know an hour and a half of data something like that so that's probably different than yours and therefore you can have a different reading okay moving on so there's this question around I mean do we have multi-time frame VWAP on bookmap the the VWAP is here let's go through the settings again okay so up to studies configuration and VWAP so what you can do in here is just do multiple resets but that's it you know you only have one one VWAP line here and I'm sorry I'm sorry you can add others in here no I'm sorry this just adding adding different resets and that's it so that's all you can do any other questions there's one question that hi can I add I think ST means standard deviation to VWAP on bookmap I'm sorry say again can you add the standard standard deviation what to VWAP on bookmap no you cannot okay I think there is a question from truth seeker any way to set it POC for every day or hour if we desire sure I mean the POC would be select would be set here via the reset in the in the column POC line and how does that come what is it I think there are a lot of questions around POC okay POC is very very these are all actually pretty simple indicators there's nothing really complex here POC is just showing the most traded level for my SVP column which means since I open my bookmap here this is all of the volume I'm showing here what is the most traded level it's this one here and therefore the POC line is showing it means point of control and just means the most traded level and just show me that on the chart a lot of VWAP or I'm sorry a lot of volume profile traders are looking for you know this to be a value area here which makes complete sense it is the most traded level most traders agree on this price than any other price so a lot of times what you get is a return back to these value areas okay so this is auction market theory and you know you can see developing POCs that would be up here so if we return back up to this area in here around this 855 area and it starts to build out and trade more up here maybe we'll see the POC shift up to there okay so we can look at our our profiles in here and that looks like price wants to kind of trade down to this area here right now so looking for sellers to reach this previous value area here or is the value area right here if we see buyers starting to trade move away from it bounces off of point of control here okay they're interested in buying away from the most traded level likely it'll trade back to this one first and the previous or you know previous high volume it's a high volume node all right so lots of different ways to look at it but this is something you know to dig in deeper I think with volume profile I think one last question around POC so HMONG trading is asking can you show how did you set up the POC migration okay so yeah again let's go through it here we'll close this column we'll add a new column in here okay so it's in the columns we right click in here we go to insert a new column right click in the column here we're gonna we're gonna select volume let's expand it out now let's right click again in here and we're gonna now change it from a chart range accumulated to a session range accumulated an SVP column right click one more time we're gonna go to configure column and here's our POC and select it and here's our move to it great okay so we have one question which is what should be the set session start settings for the indicators by default it's showing 5 30 p.m. well this is something you will have to kind of configure and you know maybe add your resets depending on what it is you want to look at so likely it'll be the cash open so make sure that you have your your values reset at that time so that your data will be based on the cash open it's up to you though you know some some traders maybe they'll have book map open for several days okay I wouldn't recommend that but you know just in the morning open up your book map get your values all set up and then you're all set to go that's great Bruce I think we have taken all the questions which have come up so some people are saying that it's you know a little hard to understand at one go maybe they'll require more practice so yes what we can do is you know like we have a discord community of Indian traders so I'm posting it on the chat for you all of you so you know we can actually practice on the go every day so if you have any questions you know feel free to post the screenshots like how do we do this how do you do that and as a community maybe you know like we can learn more and understand more so that's how we can grow and understand book map at you know at a deeper level so Bruce and couple is there anything else that we want to cover in today's webinar no I nothing I I wanted to say it but I really like your suggestion there Ravashi that's this is really the place to go to keep the discussion going and just come to our book map hashtag book map India chat room here on our book map discord and as Ravashi said like we can answer your questions in here yeah the same from my side I know that most of the questions are around the heat map and increasing the level of data we are like I said earlier we are getting there this is once you get your hands on this without the heat map and without the level 2 and level 3 data you will find that you will be able to use it more effectively as we get it along the data of course from the exchanges the exchange doesn't provide level 3 for futures and options and AC to the data but this provides for equity so we have to decide and you know balance it because it entails a cost increase for the customers also and therefore we need to consider the interest in this application and if you are really keen on it and are using it we will get there we will get the level 2 and level 3 data as we go along level 2 for BSE is coming next next it is already at our end and development activities on we let you know as soon as we are ready after testing so that's from my side excellent yeah yeah if there's no more questions and well thank thank you very much capital for allowing us to present here the book map indicators and yeah maybe we can we can do another session but I also want to show you that you know you'll find a lot of the videos on our YouTube channel if you go to bookmap.com or I'm sorry YouTube and then you go to research book map you'll scroll down here under bonus materials you'll see the our educational course but it's the features and components area here click on that and that you'll see like a cumulative volume Delta indicator in here and there's just a whole bunch of other things in here to take a look at so we will add other videos as well but really the go-to place is the knowledge base as I showed several times go to the add-ons section in the knowledge base here and you'll click on them in here to get the information that you'll need okay so sweeps indicator you can scroll down you can see the different settings it's all covered in here okay well I think that's is that everything then or Vashi yes I think some people are not able to figure out how to land onto the Scott so I've given them the link already so can you just check at your end if that link is working I'll just post it again okay yeah okay so yeah we'll click on it here yeah brings me right to bookmap India here perfect yeah I don't know what's the problem with you yeah it's working or she'll need to register it it's working fine yeah yeah okay so if you don't have a discord account you'll need to have one yeah you'll need to register okay great I think that's about it yeah okay great well the thanks again everybody we have the follow-up with the discord as her Vashi had just shown you and we'll have this webinar up on YouTube I'll have to likely have to edit it due to the issue that we had the connection issue there but and then maybe maybe we'll go through it again if needed else really that discord channel as well as the knowledge base I should answer the majority of your questions all right so if that's it then thank you very much everybody and we will wrap it up and we'll see you we'll see you next time okay yep anything else that you wanted to add capital that's it thanks a lot thank you okay excellent excellent all right thank you everybody for coming we'll we'll call it a day all right we'll see you then next time bye bye