 session once again welcome back everyone for the analysis of Nifty and Bankrupty using book maps order flow tool and powered by TrueData. So thank you so much for your time. One thing I wanted to give an instruction before I proceed so please make sure that you interact with me whenever I ask a question please make sure that you interact with me using the live chat option or if you are a discord so there is an option to interact with me by using the chat option at the right top corner use that option to interact and let's make this entire session as an interactive session right. So a quick disclaimer any information that I am going to share from now onwards are going to be an educational purpose information only don't consider it as a buy or sell recommendation or just a moment yeah buy or sell recommendation or it is not any like kind of advisory so consider it as a research and learning purpose only alright so let's quickly get into the chart so I am live in YouTube but also in discord so I will be looking into your question so you can use the live chat option in yeah in YT YouTube and you can also use the chat option to interact with me using the if you are a discord so you can use that option to interact with me alright so let's quickly get into the subject a quick recap so basically today what we are going to discuss today I have considered few of the indicators which are offered by bookmap India to discuss so basically in that the main indicators like absorption and footprint and also one of the recent introduced indicator which is called market pulse I am going to explain about that particular tool as well alright so definitely this is going to be an interesting session so let's quickly get into the subject just a moment just give me a moment yeah so basically you know before we jump into the concepts of order flow or footprint we go by a framework okay so to give you a basic perspective about it just a moment just a moment yeah so it's called as t le this is a basic framework that I personally use in my trade so basically t means trend okay and L means location e means entry and exit this is how we go step by step in terms of the overall analysis so first thing is to understand what exactly trend is all about trend is basically in simple words is like whether the primarily market is moving in upward direction or downward direction or it is moving in a sideways direction so basically we are going to define the primary direction of the market in the first place which we call it as a trend all right so if the market is making higher high and higher low in terms of the overall price shot I mean to say so in that case we can define this that the primarily market is primarily moving in upward direction in that we look for long opportunities this is point one and if market is making lower lows and lower highs consistently that definitely indicates a downtrend in that case we can look for shorting opportunities and third thing is that if the market is going nowhere that is exactly the present situation nifty all right so in that case we're going to define it as a sideways direction and we can deploy by low and sell high strategies that's the beauty of defining the trend in the first place itself that we are clearly defining the primary trend so that we can align with the trend and we don't unnecessarily take any particular trades against to the trade that is the idea we handed and second important thing is the location location means we have defined the trend but if we want to align to the trend where we want to get into a trade so we cannot I know randomly take randomly get in and randomly get out of the trades so there has to be a system right so there has to be the locations in which we can monitor the price action and order flow and then we can take a decision like for example immediate support and resistance like what you are seeing right now immediate support and resistances previous day high previous day low or even the if you are an intraday trader the first one hour completion after that the range will be there so we can call it as an initial balance range so that range high and low will also be the reference levels for us to monitor the price action and also order flow so that's the second step once after that then comes the last stage where we look for entry and exit using the book map different indicators so I will be explaining about that in the coming chapter all right so first thing is to define the trend if this entire frameworks clear then we can really then we can look for this particular framework in today's market or basically the present structure of the market so let me delete this so it is clearly visible that that I would already marked here right so this particular range market is presently moving within this particular range if you observe this so presently there is a structure that is been forming as a sideways market that means we have an opportunity to get into the trade when market approaches to the lower level that is a support level and the resistance level if if market approaches to this particular level we can look for shorting opportunities so the present structure of the market is moving in sideways and hence we can deploy the by low sell high strategies so how to how to get into that definitely I will be discussing about that point but trying to understanding the try to understand the context that's the first thing all right so just a moment so I hope this is clear so first thing is to identify the trend in terms of that this is a nifty chart that we are looking and we are looking in terms of the 30 minute chart because our framework is our entire trend you know structure itself is a very short term then we are looking for in 30 minute time frame all right so in that case 30 minute time frame it is clearly saying that in terms of the overall trend it is presently sideways and we can look for the by low sell high strategies all right so we don't look for random trades but possibility of market this this is one of the critical information when it comes to the overall projection so listen to me carefully when this particular structure all right so this is like a reading projection pattern so basically what what is happening here is that after market approach approach to this particular level there was a pullback all right so just a moment when market approach to this particular level there was a pullback but market is again taking a reversal and it is moving in a downward direction before even reaching this high all right that clearly shows that the buyers who are entering from this lower level are weaker comparing to the sellers that's the reason why price is not price is not approaching to this high before that only this is getting a rejection all right so in that case at the present moment the overall context says that even though market is sideways our bias is still downwards or we can look for shorting opportunities either break of this level or when price approaches to again if price approaches to this particular level and again if it gives a signal then also we can look for shorting opportunities by targeting this support and this support so if we are getting a breakout opportunity here you know price breaking this and the possibility of sustaining this price below this particular support level is quite high all right this is the context understanding in terms of the nifty let's understand the same thing with respect to the bank nifty all right so again in terms of a bank nifty delete this yeah so even in bank nifty the structure is clearly present that present situation market is staying in sideways market we can clearly see that this is basically the lower zone of the market which is the kind of a demand zone this is supply zone and clearly it is respecting and presently price is trading within this particular range all right so the similar context applies here we can look for shorting opportunities when price approaches to the higher level and we can look for buying opportunities when price approaches to the lower level around 42,000 level but comparing to the nifty bank nifty is clearly in a sideways trend why because the pullback that we have seen from this particular level is clearly approached to the last resistance again in this particular case it approaches to the last resistance and again it is falling back so it is a typical behavior of the you know sideways trend but in nifty we are little biased towards negative direction because the buying strength that we have seen the buying pullback was not strong enough to reach the last resistance so if this is clear to you then we can move on to the next step which is identifying the you know first thing is we have identified the trend in both of the cases it is sideways and then the second step is to identify the locations that means the immediate support and resistance which can play the major role when it comes to the part of price action all right so I have already mentioned that the present high which is 42,002 around 42,800 level and 42,000 level yeah 42,000 level is going to play the very critical role in terms of the bank nifty until the price sustains within this particular level we can see my strategy so when price approaches to here and if it gives a positive signal then we can look for buying opportunity by targeting the higher level and similar goes if market you know approaching to this level a particular level then we can look for shorting opportunities by targeting the lower level it's as simple as that and similarly when it comes to this the moment yeah so 18,090 is one of the level that we can monitor and as I said in terms of the nifty we are little biased towards short and definitely in that case we even get an opportunity at around 18,092 short for next day market tomorrow so then we can look for shorting opportunities or anything that break of this particular level break of the lower level or the false break or when price approaches to the well and we get the short signal we can also look for shorting opportunities in terms of the nifty all right so if this is clear to you then we are moving on to the third step this is that is where we are going to flow and footprint information using the bookmap chart all right so so as you can see there are many indicators that have that are involved so let me disable all the information and show you a step-by-step process all right so just a moment yeah so in this case I have enabled yeah so I have disabled all the information and presently what you are seeing the red and green lines are nothing but the best bid offer best bid and best offer so at any given point of time if you open a depth right depth of an instrument you will be able to see five best offer by best bits in the present market situation so in that case this blue and this green and red line indicates the present available best bid and best offer all right this is not an executed price this is a this we call it as a BBO indicator best bid and best offer price which shows the structure within the candle okay so also we can get to see using this particular chart so what's the use of it all right when it comes to the candle always we have a delay of the time frame that we have selected if we have selected five-minute candlestick chart so you can only take decisions after completion of the five minute but when it comes to this particular indicator since it shows the structure within the candle you we can get into the trade or get out of the trade even before completion of the candle stick charts that is the beauty of this indicator so smartly the software stores the historical data and it's it forms the structure within the you know candle so this we call it as a BBO indicator this is a bare minimum indicator the moment you insert the software so you'll be able to see this particular information all right and let me disable the candlestick the next thing that I want to introduce you is the volume dots all right so what exactly it is you are already seeing that the some bubbles are showing as a green color some bubbles are in the red color so in simple words it's nothing but the aggressive buyers and aggressive sellers presence what I mean to say always in market there are two kind of orders one is aggressive order one is a passive order okay so in simple words aggressive order is where the people places a market order so who are in a hurry so who want to get into the trade or get out of the trade aggressively so they place a market order but opposite to that there will be a passive order in terms of the you know limit order we can say so in that case the information that we are seeing here is a completed order 0.1 and 0.2 it is also showing what kind of activity was there whether they were a market buy orders or market sell order so we can clearly see here this was green this was red so at the lower level there was more aggressive sellers I mean there was more selling volume and aggressive selling volume or market sell order placed and here the market buy orders placed okay 0.1 and 0.2 we can also relatively differentiate for example let's say this is also a green bubble this is also a green bubble but if you compare both we can differentiate relatively we can differentiate that where the maximum number of orders have taken place so in this case in two of this case this is where we are seeing a maximum number of orders got executed and also at the same time it is a aggressive buying orders all right don't worry how to use this information what is the use case of it or application of it so I will be explaining it in the upcoming slides all right so this is we call it as a bubble okay so you can you can control the parameter of the bubble here so size of the bubble all right and transparency of the bubble so that you can control it from this to information all right there is one more indicator VWAP is a basic indicator that I regularly use I think most of the intraday traders use this particular tool all right so which is nothing but the volumeted average price which shows the average price considering the volumes all right so definitely it is one of the significant tool to look for any mean reversion kind of setup for example let's say if you're looking for a short so if price approaches to this particular VWAP level so obviously most of the people will be interested to look for shorting opportunities so there is also one of the way that you can look that if the price is sustaining below VWAP then that shows the negative bias if the price is surviving or sustaining above the VWAP then that indicates a positive you know positive impact or positive bias all right so this is a basic indicator that we use all right so now comes the third indicator that I wanted to add which is absorption indicator all right so by default you will not be able to see this information so you have to go through the I think bookmap.com just a moment yeah you have to visit the bookmap.com just a moment it's in Hindi yeah so I'll share the link link to download the absorption indicator later so I think there is some work going on in terms of the website all right so you have to download it and you have to add it so for example I have downloaded all the indicators from the website bookmap.com and you can add this in indicators in this particular add-on list and after adding this you will get the access to all the information of this indicator all right so just a moment so if you visit the absorption indicator right now I have enabled it okay so it is a condition where within you know 2.5 seconds this is a default setting I haven't changed anything over here so 2.5 seconds 5000 quantities got executed so this is a manual number place so for example I can change it to 6000 so the software considers the price level where within 2.5 seconds 6000 quantities got executed so that it considers it as an absorption okay so what it means to say is that if the price is for example let's say the price is moving upward direction and suddenly there is a change and there is a bigger volume placed within 2.5 seconds and market reversed from that particular level so obviously even though there is an aggressive buy okay so someone is placing a aggressive buy orders within 2.5 seconds and price is still you know falling down that means the one who placed aggressive buy orders the more aggressive buy orders was consumed by a limit order all right so that's the reason we are seeing instead of market you know if they are strong aggressive buyers market would have moved in the upward direction but that's not happening over there price is retracing so in that case we can call it as an absorption the only difference is that the difference of 2.5 seconds so within a fraction of seconds maximum number of orders are getting placed and at the same time they are getting consumed that's why the software consider it as absorption all right so in this case for example in this case 32300 quantities got executed at this particular price level and it is showing it as a presence of a passive seller that means the market order got placed here 32300 quantities got placed within 2.5 seconds they got consumed and the beauty of absorption indicator is that whenever there is whenever there is a presence of absorption most of the cases we identify it as a swing for example let's say here there was an aggressive buy here there was a presence of limit buyers and after that we saw the you know swing all right and after that we saw the presence of passive sellers that means absorption in terms of the selling and then market reversed and similarly that you can clearly notice whenever we see the absorption and most importantly it happens in the real time all right so when this happens it indicates a presence of passive buyers or passive sellers so we can utilize it in two ways I will discuss that first let's discuss about the setting part all right here the second information is that automatic mode right now we are controlling this you know quantities in terms of the manual setting but we don't want or we don't want to involve manually so that's the reason why there is an automatic mode given so how how does it work so presently we are looking at 30 minutes that means the past 30 minute data we look for point one and then there is a multiplier so how it works is that in the last 30 minute chart assume that the average buy orders were 10 okay so that 10 quantities multiplied by the multiplier that you have selected so 10 multiplied by 5 how much 50 so that 50 quantity will be inputted to this particular number all right so that will be automatically happening that will be yeah that happens automatically and most of the cases I use it in automatic mode by 5 multiplied 30 minutes so if you are completed like for example our market opens at 915 so after 945 you can use this particular information so if you are within 945 you can reduce the time frame all right so for example if you are looking the market up to 930 so only 15 minutes has completed so in that case you can look back the last 15 minutes the advantage of keeping this particular setting in automatic mode is that it works according to the market dynamics all right we don't know you know we can also manually control this parameter but we don't know the dynamics of the market so for one day so there will be you know 6000 quantities is a bigger number but for some other day it may be a lesser number according to that day structure at that day particular information so when we keep it as an automatic mode so it happens or this numbers will be calculated based on the present day or that particular days changes or dynamics all right so that's the reason we keep it in automatic mode you can also control this manually all right now the question is how we can utilize this particular indicator right so that is a what is the use cause use case of it that is an important question right so there are two ways you can utilize this first is to identify the valuable swings what I mean to say for example there are you know if you observe the BBO indicator there are so many you know so many so many structure all right so many kind of movements but when you add the absorption indicator you can you know filter out many you know unnecessary swings within the BBO indicator for example we can clearly see when we have an absorption indicator this is where we have the swing high this is where we have a swing low this is where we have a swing high and this is where we have the swing low swing high all right so this is where we have the swing low and swing high so the swing of the BBO indicator can be effectively you know differentiated using the absorption indicator point one and point two we can use it for entry and exit both so how again let's go back to the context initial context so that in which way you are looking for the trade whether you are looking for a long-term short-term or a sideways trade for example considering today's market assume that you are looking for a shorting opportunity all right so shorting opportunity means we need to you know for example let's say if you are a projection trader or if you know little bit of the projection so basically when we are looking for a shorting opportunity say either we can look for the break of swing all right so we can simply use the BBO indicator to identify this particular structure and absorption indicator to differentiate the significant swings all right so in this case as I already explained this is where we have a swing low this is where we have the swing low and this is where we have the swing high so if you are considering that you are looking for a shorting opportunities we can simply look for shorting at this particular low or this particular low all right where we can keep our stop loss again the same thing we can keep the stop loss to the last swings all right as in when price continues to trade in this particular pattern we can simply trial our stop loss for example assume that your trade got executed this particular stage and price continued in your direction you can simply trial your stop loss to the last swings all right so this is where your stop loss got triggered and again this is this is a this is where again we got the shorting opportunity again so basically absorption indicator can be used to effectively differentiate the significant swings within the BBO indicator point one and point two we can also use this to enter and exit and also trailing stop loss for example the price is in your favor right so price is moving in your favor add continuously there is an absorption happening at the higher end so you can simply trial your stop loss to the absorption level all right that is also one of the way that you can use the absorption indicator by any chance if you have any particular questions kindly mention them in the live chat I'll be yeah I'll be observing them all right so just a moment so I hope uses of absorption indicator is clear then one more indicator as I said the recently you recently introduced information that is a market pulse okay so this is also one of the interesting indicator that's very recently we have introduced and I think until 30 of Jan you can use this particular indicator for free by visiting you can visit book map dot true data dot in presently I'm using the book map India Pro version all right in that you can get the market pulse indicator so you can use this particular add-on okay so it's basically the add-on which is available free for pro user still 30th of the Jan so you can try it out later on to introduce other algorithms as well presently we have a volume pressure don't worry I will explain about it so if you you know click on this I button you'll be able to see what is volume to the algorithm can be used with any instrument based on the trading volume events for a certain period it shows the current sellers and buyers you can see current sellers and buyers preserve historical value sorry just a moment just give me a moment yeah value is visualized within the sub chart okay so don't worry about it how to use it I will let you know that so if you visit if you open the widget okay so if you expand the widget there are so many settings okay so in simple words the threshold okay what volume pressure does is at any given point of time there will be a market buy orders there will be a market sell orders the continuous flux of the orders will be placing in the markets so what this particular algo does is that it looks for the pressure within the buyers and sellers okay for example the instrument that I have selected is nifty okay presently this particular instrument only I have selected here there is an option called as threshold okay so there is a certain threshold this is a percentage value right now it is set to 70 okay more the threshold that you set lesser the signals that you get lesser the threshold more the signals so by default I am not changing anything so 70 is the by default setting and there is one more setting that you have to change is half life period so what exactly it means that for example sorry for example let's say if the average order is 100 hundred quantities like for example in this case the training period right the training period is very important after that we move on to the half-life period so what is training period basically the look-back period like we see any particular indicator like 5 minute 15 minutes so in this case I have selected as 5 minute okay that means the last the algo will consider last 5 minute information to calculate the data 0.1 and half-life period is 10 seconds so we can keep it as for Indian markets we can use it as 30 seconds that's the preferred value what it means is that for every 30 minute for every 30 second alright so software will calculate the the you know dynamics of the market dynamics of the volumes and then consider the calculations alright 5 minute is a training period that's the look-back period and within that every 30 second the order will be considering the dynamics of the changes of the volume alright so if you play the show widget button okay the moment you press on this first thing is that you will get this particular chart this we call it as a sub-chart okay the chart that you are seeing in the lower end is basically the sub-chart whenever this threshold met alright so for example you can see this is where the buying threshold met what it means in simple words more of the buying buying presence aggressive buying presence has seen in this particular level the similar goes to the selling as well more of the selling presence seen at this particular level okay so if it is white that means there is no volume present I mean there is no much of an activity alright so whenever it crosses the threshold which is the 70% threshold automatically that will be recorded as the volume pressure and in simple words it indicates that there were more active aggressive buyers at that specific point of time alright so you can we can clearly see that you can change this particular setting and see how the sub-chart looks like okay so if you increase it to 80 okay and apply so the setting will be changed alright so as I said more the threshold okay so lesser the signals how we can use this information so this is also one of the critical information that we want to look for so I want to keep it as 7 to I am not changing anything over here alright half life period as 30 seconds and training period as 15 minute if you again it goes to the same with this thing as well if you train it for last 30 minutes the signals will be lesser or fewer so so at the present moment 5 minute is what we are selecting alright so more the number more the time that you look for lesser the signals you'll get just a moment the question is how we can use this information this is a wonderful tool to identify the volume differentiation and volume pressure so how it works let me let me show you an example just a moment the market pulse indicator or the sub-chart of the market pulse indicator will help us to identify the price locations where the price difference is seen in terms of the price difference is seen and also at the same time volume difference so just a moment just give me a moment yeah yeah this is this is the classic example of it so for example okay listen to me carefully at this area alright we are seeing two times are basically you know more of the aggressive sellers presence but if you carefully observe there is no aggressive buyers at all alright is there a pressure volume present difference yes there is a difference and at the same time there is no buyers presence most of them are the market sellers alright at this particular zone so what it indicates so if we are seeing this particular difference at a specific price level for example assume okay this is an example there were a support okay there was a support and we are seeing more of aggressive sellers presence without present of aggressive buyers it clearly shows that someone is smartly consuming the market sell orders as a limit buy orders I'll repeat it assume that there was a support and we are seeing the volume pressure and we are seeing only the presence of aggressive sellers not the presence of aggressive buyers so that clearly indicates someone is passively consuming those orders those market sell orders and possibility of market reversal from the support is quite high okay let me give another example let's take an example of a buying order now yeah just a moment so this is one of the classical example okay so what happened here was that there was more of an aggressive buyers okay there was more of an aggressive buyers when price approaches to this particular level and after that if you just look at the overall presence of aggressive sellers there was not much of an aggressive sellers there are I think two to three times there was a presence of aggressive buyers but price is not moving in the upward direction alright so if the buyers aggressively who entered the market if they were strong the price has to survive above right survive in the upward direction but which was not happening instead market was moving in the downward direction alright so that's the that's the critical information that we get from market pulse indicator it shows the presence of aggressive buyers and sellers only at a specific condition so that is where the volume threshold met alright and it shows the difference between overall market buy orders and market sell orders so in this case assume this is this is also one of the example okay so at this particular zone at this particular zone there was a presence of aggressive sellers but at the same time there was not much of a presence in terms of the aggressive buy what it indicates so again if there was a support okay this is an example if there was a support and if this particular condition is happening then the trap of this aggressive sellers is quite high and possibility of market moving in the opposite direction and moving in the upward direction is also quite high that's the use case of the market pulse indicator alright so I hope this is clear if you have any particular questions please make sure to comment them in the live chat option so I'll be reading your comments yeah this particular indicator is available at no cost to everyone until January 30 plus 2023 you can check this you can download it and check this in the live market and most importantly right now I will not be able to show you that if you visit the market pulse indicator there is also a volume control that you have seen right so it basically means that wherever this threshold met automatically the sounds will be given so you can control this you know this all the sounds which are there for if there is a you know buying threshold met so in that case it sure it gives a pop-up in terms of the volume so that volume we can control here and similarly there is a widget as well you can see I'm moving now so this widget shows the live dynamics of the volumes for example let's say the white line that you are seeing over here right so just a moment yeah the white line that you are seeing here is a threshold line that changes according to the threshold that you have put so 70% threshold means 70% threshold line will be kept here so whenever the orders the order will be popping in the live condition and when it crosses the threshold line so that will be considered as a condition you will get the sound alert and one more thing is that we will also be able to see the sub chart where you will see the clear difference between the presence of aggressive sellers and buyers so you have to look for a condition where there is no one there is there is a missing of one particular player so this is a classic example all right so there was no buying aggressive buying presence but instead there was more aggressive sellers presence so if this happens at a critical place critical locations then definitely it is one of the critical you know information for us to look for when it comes to the order flow so this is the order flow information only but in a different you know visuals or graphical situations so i hope this is clear all right you can use this particular indicator for free so it is available till 31st march that's one of the indicator all right so let's check out bank nifty as well so for bank nifty also i will enable the absorption indicator and similar setting goes here within 2.5 seconds that's the default setting and within that last 30 minutes is the look back period again we are using the automatic mode version so again add the market pulse indicator for this as well the beauty of this indicator is that you can monitor multiple instruments at the same time for example if i create one more indicator over here volume pressure instead of nifty i would like to keep it as active and threshold and everything is same half liquid and 5 minute again if i click on play all right so it will automatically calculate and it shows the sub chart okay so just a moment yeah so this is this is the condition i wanted to show you so for example price is approaching to the v-wap okay price is approaching to the v-wap and we are seeing more of an aggressive bias at the same time there was no there was not a presence of aggressive sellers all right so that shows company is placing market orders aggressively it does the buying side but there was much of an activity in the sellers market sell orders so those orders got consumed and again consider that you are looking for a shorting opportunities this condition is a wonderful opportunity for us to look for a short so in this case market was approaching to the v-wap and we saw the presence of aggressive buyers but not the presence of aggressive sellers so there is a difference and we can look for shorting opportunities at that time all right well there is a question from playpal what is the accuracy of this indicator well any particular indicator that i have discussed so far that goes with the context all right so accuracy depends on how much how many number of trades that you take and basically what is the context that you are trading with so that that defines the accuracy the most important question for me instead of accuracy okay so accuracy is one part but what will be the reward that also has to be considered when it comes to trading accuracy plays a critical role i am not saying that that accuracy is not everything accuracy is everything but at the same time you also have to consider the risk to reward ratio all right for example let's say you are you know winning 9 out of 10 90 percent accuracy 9 times you are gaining only 22 rupees but when you are losing in one trade assume that you are losing 25 30 rupees so what is the use of accuracy all right so the risk to reward and also the win rate that has to go that has to go hand in hand to be consistently profitable in trading all right so i hope that is clear and there is one more question yeah so is this clear again i want to recall and then i will move on to the q and a okay so there is a question sorry i missed it in discord so just a moment yeah need to know is essentially the absorption indicator confirms true support and resistance within the current time frame is that correct yes definitely that's that's correct and how to set the market open and close time for nifty instrument so the charts does not keep scrolling automatically to the right with null data after the market close at 330 all right so by default you know there is no there's not that particular option at the present moment so basically when you subscribe to an instrument right when you subscribe for example i have peaked on the plus and subscribing now true data and then during that time you have selected all historical data 24 hours right so this you can reduce so in terms of that for example let's say right now i have selected as 24 hours that means around one day okay so you can maximum use it as a 60 hour time period to reduce that flickering so you cannot change this since this particular indicator is designed for 24 hours market so this will be fluctuating we cannot set the open and close and after that we will not be able to see no that's that's not the case at the present moment so the ticks will be running all the time because it is a real-time information so make sure that you use the lesser time period when you are subscribing to the instrument itself all right the historical data has to be lesser in that case there will not be much of a pain all right so i hope that is clear let's add the crude oil data 24 hours last 36 hours i want to add ticks as one all right ticks as one and let's subscribe to this i think it should be available to we will be able to see the live ticks itself so just give me a moment it's getting loaded ticks are getting loaded just a moment yeah there is one more adding point from shubhani's sake so for accuracy but it depends on the focus and waiting for right opportunity that's that's why we use the framework okay so we don't take a random decisions we have we have a particular framework or a process to follow so initially we identified the context of the market then we identified you know right locations to get in and get out of the trades that is basically identifying the support and resistance then we look for the confirmation in the bookmap chart using the bbo indicator that's basically the structure indicator that is showing best bid and best offer lines and volume dots also we can use and also up jobs indicator to filter out the you know valuable swing high swing lows and then we can get into the trades based on the structure that we are seeing in the bbo indicator so there is an option to enable the footprint chart okay so you can see here that there is a footprint chart okay which shows the delta information let me zoom in a bit and show you the information just a moment disable the candlestick charts and yeah so now you can see it has loaded this is nothing but the delta information that we are seeing in terms of the time frame so for example let's say the footprint all right in that case we are looking for a 15 minute footprint chart point one point two we're looking for a delta positive and negative what it means to say that in this case all right so just a moment so in this case we can see the volume profile so we can clearly see here this is a kind of a volume profile that we are seeing in this entire 15 minute chart all right and most importantly we will be able to see where the maximum number of orders are getting placed for example in this case this is where we are seeing maximum number of orders getting placed and third important information is who were in control at that particular stage so more of aggressive selling orders got placed at this particular price level all right so in that case how we can use this delta information for example assume that there is a resistance okay there is a resistance and we are seeing the footprint charts so basically the delta footprint charts and we are seeing more of number of orders are getting placed above the resistance but assume there were a market buy orders okay so if it was a market buy orders then that's a caution sign for us we have to look for the price follow up assume if the market is sustaining above this particular level post you know after forming up this particular information then that's a good sign we can look for a breakout opportunity and we can look for long trip but in most of the cases if this happens price again retraces back that is an indication or that's a validation point for us to get the confirmation on the false break so assume that you are looking for a shorting opportunity and when price approaches to this level and you are seeing more of the delta activity and the buying delta activity okay so and price is falling down in that particular case also you can look for shorting opportunity based on the BBO indicators pattern for example in this case let's say this particular pattern happened and after that the price is falling down and if there will be a short pullbacks right so when there were there will be a short pullback we can look for the break of last swing to get into the short rail or if you are looking for a long trade opportunity okay so even though this particular information happens or in most in some cases in few cases we will get you will get to see the you know aggressive sellers as well after resistance in that particular that's most of the cases that's the confirmation of the you know breakout all right it will not happen in most of the cases most of the cases we will see the you know aggressive buyers presence only but if we are seeing an aggressive sellers presence above the resistance that's a good sign to look for long opportunities that indicates or that gives a validation of the breakout so that's that's about it in terms of the delta information all right you can you can use this just a minute yeah you can change this visual graphics to whichever the way you want so you can change right now it is in histogram delta plus minus that I love to use you can change this to histogram just a moment yeah histogram buy and sell so basically a full background color full let's try it out with the nsc crude oil okay someone is saying explain the market pulse indicator one more time so let me give you a quick information about it all right so just a moment so I strongly suggest you to visit this particular website all right so this bookmap dot com knowledge base dot docs add-ons and market pulse in this you'll be able to see the you know text information so for a quick quick setting all right right now this this indicates a instrument that we have selected nifty volume pressure is the present available information in the market pulse 70 in terms of that 70 percent for example last five minute okay the training period is basically nothing but the look back where last five minute you're looking looking for calculation of the volume information in that the average volume okay so average volume assume that it is five okay or 10 okay in that particular case at any given point of time there is a seven orders placed in that case it will be considered as a threshold so the volume is has met the threshold of the average volume that will be considered as a threshold and it will show for both buyers and sellers okay so for example if I played all right we will be able to see the subject in the lower section okay this this is a subject right now we are able to see the buyer and sellers percentage and wherever we see the 70 percentage scenario for example in this case the buyers volume crossed 70 percentage of the average volume in terms of the five minute training period so similar goes with the sellers as well if it is happening more than 70 percent this is where the threshold of selling met so that's why it is showing in a red color so we have to look for a condition where the difference between the presence of buyers are there the threshold of buyers met but threshold of sellers is not meeting so for example let's say in this case there was no buying present there was no buying threshold met but wherein we are seeing more of the aggressive sellers over here all right so as you can see in this case we are seeing more of an aggressive sellers but not an aggressive buyers and there was immediate reversal so that's the condition we can look for that is one of the way of using it or in simple words it's basically indicates the presence the aggressive presence of an aggressive buyers as aggressive sellers all right so if one is missing definitely there is something happening more of the activities are happening but there is something something else is happening in that particular case we can use that particular information to you know have the clarity in terms of the just give me a minute sorry guys I have a cold today so I'm really sorry yeah so for example okay so let me give an example assume there is a support line okay so price has approached to this particular level we are seeing more of an aggressive sellers okay people are aggressively selling market sellers are there but price is reversing okay so the buyers presence is not there aggressive buyers were not there only aggressive sellers were there that means what so this aggressive sellers market orders got consumed by other player so there has to be the limit order right so they consumed that particular orders so reversal of the market from this particular level is quite high that's basically the indication of this particular indicator all right I hope that is clear okay so there is one more question from Ashubek so just a moment so he's asking whether we have a cumulative data yes definitely we have so just a moment let me show that to you so if you visit studies and configurations you'll be able to see the cumulative volume delta okay so this is a line that indicates a cumulative volume delta okay it will give the confidence to stay with the trade correct me if I wrong yes definitely so let me it indicates the presence of aggressive sellers throughout this particular period from this we are seeing until this point there was more of an aggressive selling presence so we can see that aggressive selling activity has reduced from this stage from this stage aggressive selling activity has reduced so we can use cumulative volume delta in two ways first thing is to identify the trend which is basic thing that you can see in the software itself if the cumulative volume by wing are sustaining above zero then we can identify that particular trend as positive trend if it is sustaining below zero all right below zero then we can identify it as a negative trend so in this case from around this particular point the selling the selling trend has started or the negative trend has started in terms of the cumulative volume delta and similarly we can use there is one more way of using the cumulative delta is basically the divergence what I mean to say for example this is this is a theoretical example okay so assume that market was falling okay so when market made the last lower low all right so it is similar to like RSI divergence that we look for right so when price make price is falling but the cumulative volume delta is increasing cumulative volume is making a divergence so that is a strong indication of the price reversal the possibility of price reversal from the low is quite high so it is similar to RSI basically the logic behind it is very simple price is falling but the volume behavior so the overall volumes are decreasing so there is there is a negative correlation between the price movement and the volume behavior so in that case we can look for the mean reversal trade or kind of a reversal trade as well all right that's how we can use cumulative volume delta I hope that is clear so if you have any particular question feel free to ask them I'll be happy to answer just a moment just give me a moment okay so I think someone is asking a crude oil information just just give me a moment I'll try to get it just a moment most welcome Shubhani so how many of you are using bookmap pro version already so if you are so please check the market pulse indicator which is available to test out free for I think around till 31st jam just a moment so if you have any particular questions feel free to ask crude oil I will check and I will try to concentrate in the next session all right so it will be very helpful to check that in the live session so I don't know why this is presently not working in my pc so I will check that particular information and get back to you in the group so if you buy any chance if you're not in the discord group you can join the discord group as well the book map or discord group so there there will be a live discussion you can also interact with me and other traders for actually trading the markets using the book map tools all right great yeah book map will get back to you on it so book map have shared a link the discord link in the live chat option you can use that and also join the discord group all right yeah any other questions with respect to today's discussion well so thank you so much for your time and keep attending the sessions every week on monday and friday we will be having a session alternatively so you can attend those sessions to get the clarity and next session I think the you will get the information both discord and as well as the youtube so stay tuned and thank you so much for your wonderful time see you in the next session until then take care bye bye