 Hey everyone, very good evening. I hope the audio is clear and also the display is visible Can you guys quickly confirm? Can all of you see my screen and can all of you hear my voice clearly? With that note, I will be able to start my session So please confirm using the chat option and you too we can use the live chat and in discord you can use the Chat option available at the right top corner So please confirm can all of you see my screen and hear my voice clearly Hope just give me a minute. I think the yeah, thank you. Thank you so much Satish. Yeah So let's quickly get into the subject It's a quick disclaimer that any information that I'm going to discuss from now onwards is going to be an educational purpose Information only don't consider it as the buy or sell recommendation So any investment decision that you make or trading decision that you make or subject to market risk and do thorough research And then take the effective decision So let's quickly get into the subject. So today. We're going to discuss a few of the indicators, but anyway, I have Just a moment Yeah, so I I wanted to know from your end So what exactly like no, which of the indicator that you want to understand in book map So I want to make this particular session as an interactive session. So that way we will learn effectively So which indicator that you want me to talk about so I'll be talking about Crude oil also today so because it's in a live market So I'll be talking about the crude oil and also will also discuss about the nifty and bank nifty But from your end, I want to understand what Indicators or what Information that you are expecting me to explain today. You can use the chat option to interact with me just a moment Yeah So basically today, I'll be discussing about the context So in the first step, we will be discussing about the context of the market in which way we want to trade and basically What is the location where we can look for the trading opportunities? All those things comes in the first place and then I'll be discussing about Three important indicators for today's session one is off cumulative volume Delta that you are seeing in the screen that at the lower end like RSI So it's it's not an RSI. So it's basically a cumulative volume Delta Which is calculated by the order flow information So I'll be explaining about this indicate today and also the bar indicator that you are seeing here is basically called as Footprint indicator basically the footprint indicator recently introduced by book map. So that I will be discussing and also the indicator that you are seeing here the One which is indicated by the number. So that also I'll be discussing about it It's called as an absorption indicator but before we Understand what exactly this particular tools are we need to understand a context or basically I call it as a Framework at any given point of time to have a clear idea or to have a clarity in our decisions We need to have a framework, right? So in that particular case, I will explain that in a quick manner So basically I followed framework called as TLE, right? So what it means is that in the first step, we are going to define the trend of the market not using this particular indicator But basically using the price itself in which way the market is trying to move. That's the basic question So ideally if the market is making a progression in making higher highs and higher lows If the market is moving in this particular passion, we will consider the primary trend as uptrend If the market is moving in the downward direction by making lower low and lower highs Consistently so in that way we consider the entire market trend as negative trend So in in other tend is basically if the market stays, you know within some tight range Then we can call it as a sideways market. So once we understand this trend All it takes to align with the trend. It's as simple as that For example, if we identified the primary trend as an uptrend So either we look for the break of last wings So basically breakout trading that we can say So we try to align with this trend by either the breakout or the pullback entry So whenever market approaches to the last support So we will try to anticipate the buy trade over here Considering the primary trend is an uptrend And similarly if the market is moving in the downward direction We will consider to short the market either to the break off last lows Or when market takes the pullback to the last resistance We will try to short the market If this is clear to you, this is a basic funda once the trend part clear And second step is to identify the location So we know in which way the market in which way the market is moving And in which way we need to take the trade But where we have to take the entry and where we have to exit Or where we can basically monitor the price action So that is what the second step is all about Where we will identify the immediate support and resistances So that when price approaches to that particular level We will try to monitor the order flow information This is the second step And third step is where we will consider the book map tools Or basically the order flow tools in order to take the decisions So this is where we get the entry and exit triggers I hope this is clear This is the basic context or the basic framework that I follow And if you have any particular questions on them So basically you can ask them whenever I go to the Q&A session How to decide on pick size for various instruments Satish Shetty asked a question So I'll definitely come to that point when I discuss about the settings of footprint So now with this information if this is clear to you So let's quickly look into the chart of Nifty So this is a Nifty chart Let me just a moment Yeah, so by just looking into the chart We can clearly understand So that market is presently trading within this entire range So we call it as a bracket On a broader picture So market is presently trending in the range bound Within this particular range And presently it is near to the range high So at any given point of time It is a good opportunity for us to short When market approaches to the last resistance By targeting to the immediate supports This is one of the context Okay And second let's check out the Bank Nifty parallely Bank Nifty is telling a different story Because as we can see here Market was trending in the range Up until today's market But market today broken out the last range And price is surviving That means price is still sustaining above 42,800 So which suggests the more the time spent Above this particular resistance Is basically a good sign for loans All right So by any chance tomorrow if market closes Below this and again market falls to You know, trade below this particular level Then we can look for shorting opportunities By targeting the lower levels So this is exactly what I call it as A understanding of the trend Once this primary direction is clear With respect to the price action Then we will move on to the next step Is to identify the immediate support and resistances So that when prices approach us to those levels We can monitor the order flow information When it comes to the part of entry and exit So I'm not going to change anything over here 42,800 I'm going to keep it as it is So basically that is where the major resistance was And again market is if you observe closely Just a moment If you observe closely Market is taking a support at the present moment For that particular level So the last This is where we have a support This is where we have a support level So at any given point of time If we get the shorting opportunities tomorrow We can short If the price sustains below this particular level By targeting these supports in the bank net Or if market again sustains above this particular level And if it starts to break the last swing high Then we can immediately look for Long opportunities by targeting the immediate resistance Which is there at 43,054 level Similarly the bank nifty Definitely it is presently trending within the bracket As we can see here This is the tight bracket At any given point of time If the market has to trade in the above direction The for any positive momentum price Has to break this particular level Which is 18,223 or 225 roughly And if that happens tomorrow So then immediate resistance is at 18,330 Or if markets fail to trade at this particular level Or suppose let's say Market approaches to this level And again it failed to break this particular level By you know sustaining again Or falling back below the This particular resistance Then again we can look for shorting opportunities In nifty as per So this is where we understand the context And we identify the locations Where we can look for monitoring The projection and order flow information So if this point is clear to you Then we can move to the third step Where we will try to monitor the order flow information Right now since the order flow Since the crude oil is active That's why I'm considering It's not a CPR indicator ourselves So it's a footprint Basically the bar chart that you are seeing here Right? So basically the column kind of information Is basically called as a footprint chart And I'll explain about it Don't worry if you are completely beginner to it I will give you the immediate glimpse of it And then only I will discuss about the advanced concept So I'll definitely come to that point So right now I'm looking into the crude oil Since it is in live So if you look at the nifty information today It looks something like this Okay So basically Just a moment Yeah When you open a book map chart right So by default you will not see all these indicators So I will disable everything I'll disable footprint, absorption and everything So to give you a basic idea of what exactly this indicator is all about Is basically the green and red line that you are seeing Right? So basically this red and green line are nothing but The best bid and best offer available at the present moment So what software does Smartly is that it stores the data And it gives the structure of the best bid and best offer That's why it's called as a BBO indicator Best bid and best offer indicator So what is the use of it Okay The main use of it is you The main application of this particular indicator Or the use case or we can say advantage of this is basically If I enable the candlestick charts Okay So right now This is the 15 minute candlestick chart By just looking into the candlestick chart We will be able to see where the market opened Where the market closed to where Until what price it has traded higher level Lower level So basically OHLC data But we don't to We don't get to see what is happening within the candlestick That's where the BBO indicator helps us to identify The price pattern within the candlestick Since say I want to remind you this This is not an executed price So the bubble that you are seeing is basically an executed volume So I will come to that point later Now this lines are nothing but the best bid and best offer Available at that particular point of time So definitely this will change according to the demand and supply It's nothing but the price If the BBO indicator is increasing It's similarly that one or other way The price also will execute in that particular way So that's the basic advantage of BBO indicator It helps us to identify the structure of the price Within the time frame selected time frame Right now this is a 15 minute candlestick chart But you can see there is a pattern within this So what is the use of it? What is the advantage of it? The main advantage is that the delays that we get Usual delays that we get from candlestick entry and exits That can be avoided Because it gives an immediate structure The price structure within the candle You can get into the trade Way before earlier the completion of the candle And you can get out of the trade Before confirming or without confirmation of the candlestick itself So that's the basic advantage of using this particular tool All right This is clear to you If this is clear to you Then we can move on to the next point Which is let me disable the candlestick charts So the next point is the volume dots You can see that you can control it from here The moment I enabled it here You can see the bubble kind of a chart over here What exactly it is There is a concept called delta Okay So let me give you an example So you will get the clarity of it What exactly delta is all about At any given point of time market There will be a market buy orders There will be a market sell orders Right So that's what moves the market It's not the passive orders that moves the market It's the market orders Which is placed aggressively That moves the market up and down So order flow any order flow software So basically any footprint or order flow software What it does is it takes that executed information And it bifurcates as a buying volume and selling volume All right This is point one So what is delta So for example at any specific point or price level Assume there are 10 market buy orders And at the same time there are 20 market sell orders Okay So the delta simply subtract the buying volume Minus selling volume So how much is it It's basically minus 10 So at that particular price level Even though there was a market buy orders Market sell orders But ultimately the overall delta of that particular price level Was minus 10 That means the market sellers Were more at that particular price level All right How we can use this information will come to that point later But we need to understand How this particular things are calculated So this is called as a delta First thing that we understood is that Any information that is shown in the footprint Or order flow information is nothing but the market executed orders It differentiates the buying orders Selling orders separately And then this bubble indicator that we are seeing here Okay Just a moment Yeah So it's basically Sorry So volume dots that we are seeing here By using this One thing is that we can see whether there was a buyers or sellers In terms of the aggressiveness Market buy orders were active or market sell orders were active And second important thing is that we can get the relative difference between them For example Let's say if you compare this bubble and this bubble Even though they are same in the color That means the market sell orders were active We can clearly see at this particular price level There were more market sell orders That's the reason we are seeing the bigger bubble comparing to this So one is that we get the delta information And second important information is that We get to see where the maximum number of transaction That's the first information And second information We can relatively differentiate What is the buying order? What is the selling order? So that's the basic Use case of this particular indicator So don't worry about this How we can use this information And how we can combine this information I'll come to that point definitely So try to understand what exactly the meaning of these indicators All right So if this is a bear indicator So once you open the software You will be able to see the bbo indicator and volume dots And also the line information that you are seeing here Okay So this is nothing but the cumulative volume delta Okay As the name implies It is a delta information But cumulatively calculated What I mean to say For example Let's say the last price level delta was 10 That means market buy orders were active And immediately for the next price level Or next transaction Assume there is 10 more delta So last 10 and present 10 So how much is the total cumulative volume of this? Basically 20 So it is very clear that with this calculation As long as this cumulative volume delta try You know falls below Or it trends below That means there is an aggressiveness There is an increasing aggressiveness in terms of the sellers Okay So more of market sell orders are getting executed in the market It's as simple as that Similarly if this particular line is increasing consistently More of the market buy orders getting executed in the markets Okay If this point is clear to you Then I will introduce you to the one more indicator And then we will see how we can utilize this information And take the effective decisions All right So I will enable that Go to the configure add-ons And you can see there is a footprint All right So basically footprint is also nothing but the market orders data But it gives the different graphics Point one and point two it gives the different perspectives So I'll discuss about that point now So basically if I enable the footprint chat I will quickly discuss what exactly the setting that I'm presently using First thing is the footprint You know bar type This bar is nothing but the footprint bar Okay, so I'll zoom in and I'll show you So this bar is nothing but the footprint bar So what type of bar that we are You know we want to plot So right now I have selected as a time interval Since I am a projection trader So basically I look for the candlesticks Right So candlestick behaviors So in that particular case I follow a 15 minute chat So hence I'm using the 15 minute interval here So it's a straightforward thing On what basis we need to calculate the footprint bar type So right now it is based on the time So every 15 minute new bar will be formed Point one So there is one more thing reversal So this means for example I have given it as a 20 So consider this is the default setting that is given So when reversal ticks is 20 What it means is that how software thinks is basically For example market is moving in the upward direction And suddenly there is a 20 points down movement So at that point of time The new bar will be formed The footprint bar And similarly there are two more things So range means basically using the tick size So for example 20 For every 20 points movement of the market New bar will be formed And similarly volume So it's a straightforward way So if we can give 5000 volumes For every 5000 volume orders The new bar will be formed So by default I'll be using the time interval itself Because most of the traders use it for The time interval purpose only Because for example let me let me give you an idea So for example let's say You are monitoring 15 minute chart Ok just a moment So assume it's a positional thing Though that's why I'm considering it as 30 minutes So you assume that you are monitoring the projection in 15 minute And considering that For example let's say you want to take an entry here Ok so the break off last swing high You want to place a buy order So by just looking at the candlestick chart We will only be able to see OHLC But the information that that is available For example let's say at the present moment It is again breaking You know this is a hypothetical example It is assumed that it is breaking a last day high Ok so we want to see what is happening with respect to the orders Within this particular candle So that is where the order flow That is where the footprint will be a handy tool To utilize the information Where we can validate and invalidate our trade setup What I mean to say For example just in this particular case Assume this is your critical level Ok this is where you want to take an entry Ok so now the bar has formed Bar will show two important information Sorry three important information First thing is that it gives us a profile Ok in terms of the overall last 15 minute What was the volume profile For example in this case You can see this is a profile So with that we can clearly see This is the price level Where maximum number of orders got executed In that 15 minute Point one And point two is that we can clearly differentiate The software differentiates Whether it was a market sell orders Or market buy orders Based on the delta So in this case It is showing it as a red color bar That means at this particular price level More of the orders got executed And second point is that most of them Were the market sell orders So that differentiation you can clearly see here The left side 30 That means 30 market sell orders placed here And 5 market buy orders So that means more of the market selling activity Is happening in this particular level So now we want to get into the trade Ok so assume in this particular case After completion of this particular information We will be able to see this information Where the maximum number of orders happened And what is the behavior of those orders So using that information We can validate and invalidate our trade Assume in this particular case So market is breaking Ok but now price is not sustaining here So price is falling And again market sell orders More of the market sell orders placed here So which means what At any given point of time If I want to opt for a long trade here Price has to sustain above this particular level All right So until price sustains above this particular level It's not a good idea to buy the market Because there are more of an aggressive sellers Are sitting here And we don't want to take risk against them So this is the one of the way That we can utilize this footprint chart So ideally footprint chart can be used That this is how basically I utilize this information So I use it in our time interval basis So whenever there is a trade setup So I just look into the information What is happening with respect to the volumes And then I'll take the decision So I hope this point is clear to you So that's how we can use the footprint chart Ok so further settings I will discuss about it So time interval I hope this is clear Bar width is nothing but the graphical representation You can change this This is nothing but the width of the bar So if I change this you can see there is a difference So by default it is 80 or 100 So you can change this according to your need And then horizontal smart scaling So this is highly recommended to enable it Because whenever you zoom in zoom out So automatically it will be scaled And then we have a histogram delta plus and minus So this is where The earlier the information that we have seen Is basically the bar type But now we are seeing the background type So the coloring the shading of the footprint information How you want it to be So in this particular case Histogram delta plus and minus So in that case we will be able to see the delta information And also we will be able to differentiate The buying and selling volumes So that's exactly the histogram delta plus and minus Thus if I give the only histogram It gives a you know plain volume profile And it shows the volume level Where maximum number of transactions Happened by the dark green color So there is a differentiation By default I use the histogram delta plus and minus Because we will get the difference of Whether there was a buying order or selling order So that's why we are using the delta plus and minus So there are histogram delta diagonal delta plus and minus So this gives a different graphical picture Where we will be able to see the delta information But diagonally it is confirmed So for example right side buying volume separately It shows separate volume for buyers Separate volume for sellers So similar goes to histogram buy and sell So basically it is a buy and sell information But again on a histogram basis And then full background single color So basically as the name implies It shows complete back you know background color Full bar of background color So it's plain similar to the profile But we will be able to see the complete You know kind of bar Then background delta plus and minus Similar to the plus and minus So we will be able to see the overall graphics of the bar here So the ideal way to look at it is Histogram delta plus and minus Because here we will be able to see the profile of the volume And second we will also be able to see Where the you know in terms of the orders How the orders are behaving So all this information can be seen here So that's why I'm using histogram delta plus and minus And then this positive negative color All those are appearance settings So that you can change use share So this is one of the critical settings So we can make it enable So basically if I disable it I'll not be able to differentiate The magnitude of the volumes What I mean to say if I enable it I'll be able to see the more of the orders executed Area is displayed as a dark red color So even though it is a red It is shown as a dark red color So I can I will be able to see the difference clearly So that's why it is recommended To keep it active in terms of the shares Okay So transparency factor It's a visual factors You can change the transparency According to your need And footprint types So earlier example Right So the this particular thing was for the Graphical representation of the bars This is for the text Okay So right now by into cell means We'll be able to see You can see this is the text Right So text information By into cell information we'll be able to see If I give the sum So entire summation of the volumes For that particular price level Will be calculated here And similarly Horizontal delta So basically the delta information We'll be able to see for that particular price level And then diagonal delta So we will be able to see by and cell separately As a delta volume So by into cell gives us an idea The moment you see You will be able to see See in this particular case To where the market by orders 26 where the Market by orders To where the market cell order So obviously in terms of the delta Market by orders Where more active At that particular Point of time So this is the earlier example For the bar Now the information that we are seeing here Is is basically for the text All right The main important setting I think Satish Shetty has asked this question So how to decide on tick size For various instruments So right now For nifty and bank nifty It is recommended to keep it as Tick multiplier Right now I'm keeping it as Two for crude oil How to decide on it So again it depends on an individual instrument For example some instrument Require one Okay So by default You can change this particular information Based on the appearance of the Setting So for example if I keep it one So it will be cluttered a lot So in that particular case If I try it with three So the information will be clear But it is not you know that You know clear information So in that case I'll be able to keep it as two For nifty I'm using three For bank nifty I'm using six So that we will be able to see The clear graphical representation of the footprint So that is the ideal way So you have to do little trial and error around here And then you can You know change the multiplier according to this So how this particular information is This particular information is important Is because See whenever you subscribe to an instrument Right So if I add an instrument When I'm adding an instrument it will show Right So tick size By default it is one So if you want to use the information of footprint It is recommended to keep it as one for Indian market So while subscribing to the instrument Which tick size that we have selected Right now considering the tick size is one Again I want to go to the setting of footprint And in this case I'm using a tick multiplier So in simple words This me this two means This multiplies this two number With the tick size that you have selected Considering that you have selected the tick size as one The tick multiplier will be two That means two multiplied by one Two is the point So where this particular information is used This is used in defining the price difference between the Individual rows or individual columns that you can see So for example assume this is a 18,000 level This is an example 18k And this will be 18,002 18,002 So this difference will be calculated Based on the multiplier that you have selected in the setting So for every two point of movement So it will calculate the order flow information If you given it as a three For every three point or three price level It will be calculating the It will calculate the order flow information So I hope this point is clear So right now as you can see that We are seeing a buying volumes at the lower level All right in terms of the crude oil So break of this particular level The day highs break of this particular level Can bring the momentum in crude oil So that is the use case of foot print So if this particular information is clear to you Play pulse please about market pulse Okay I will I will get to that point So if this particular point is clear to you Then comes the big question How we can use all this information And take the effective decisions Well again I want you to think of the context That we have discussed in the first step First thing is trend In which way we want to trade the market For example considering presently we are looking The crude oil All right So it is very clearly evident So if you just look at the 30 minute chart For primary trend Assuming that if you are monitoring 50 minute charts for a trade execution And 30 minute chart for trend definition So in that particular case It is clearly visible that market is primarily Trending in the upward direction So and it is what happening After breaking up this high market is presently Trying to move in the upward direction That means the momentum is still intact All right So it make all sense for us to look for a long trade Up until this particular Oh just sorry Sorry sorry sorry Yeah so mark the level here Till this particular price level We can look for a buying opportunity So when price approaches to this level It make sense for us to look for the order flow information In footprint or market pulse Market pulse also can be used To differentiate the buying and selling order So I will I will also show that particular indicator All right So the basic context is that We want to look for a long opportunity In terms of the price And presently it is breaking the last Major resistance which is which was at 6,697 And again the momentum is continuing After the breakout candle Which is a good sign And we want to align in the uptrend So as you can see This is basically Okay let me disable the footprint chart So that you can see the structure There is one more indicator I want to add Okay so that is more helpful In identifying the right swings There is something called as an absorption indicator Okay So if I enable it The condition for this indicator is straightforward That if within 2.5 seconds This much of orders Right now it is 32 If this much of orders got executed Within 2.5 seconds Then the software will consider that particular condition As an absorption What it means to say is that For example let's say Market is moving in the upward direction And suddenly there is a fall Okay So considering this example Some strong sellers might have entered here Okay We don't know that they are They are the kind of institution sellers Or something like that But because of these sellers Price is falling at the lower level So when price approach to this particular level Assume like 100 of market buy orders got executed Within 2.5 seconds The question here is If those are the market buy orders Who consumed those orders Because for any market buy orders to get executed There has to be a opponent party In terms of the passive order So basically there has to be the limit sell order So definitely this 100 market buy orders got executed But at the same time it was consumed by those 100 market sell orders As a result We are able to see the market is also falling So that means the condition that met here Indicates an absorption That's exactly the point here If within 2.5 seconds Time is the differentiating factor here So basically within 2.5 seconds Or within a fraction of seconds More number of orders Getting executed That's the condition Software considered as an absorption And we can use this absorption indicator to identify the You know Sorry Right swings For example let's say If I disable it Okay So as we can see This is where we are seeing an absorption And this is where we are seeing an absorption So this was a buyer's absorption So basically the one who entered here Where the market buy orders was executed Those were consumed So definitely it's one of the absorption And here also we are seeing an absorption Right now also we are seeing an absorption here So if you just look at the structure of the BBO indicator There are so many fluctuations Wherein if you look at the absorption If you combine the absorption indicator You will be able to see You know probable swing highs and swing lows With a clear manner Because any particular swing As I said Any particular swing followed by an absorption Is a strong swing So we this particular indicator Will help us to identify that particular swing So let me show you an example of a nifty Okay So as you can see here So I am giving a manual entry here So because market is offline now So I am giving a 5000 orders here Within 2.5 seconds If 5000 orders got executed Show me as an absorption That's the setting I am giving to the absorption indicator As you can see In most of the cases Alright So this is where we are seeing an absorption This is where we are seeing an absorption So we are getting kind of a swing highs and swing lows Which is more valid Comparing to the BBO indicator Alright So that's where we can use this particular information Now let's again get back to crude oil With this particular case We have an absorption over here That means the swing The last day high swing Is going to play the critical role And if we at all want to get into the long trade We can get into the long trade either here Or if we are little aggressive We can also get into the earlier trade here So for basically this zone We can get into the breakout of this particular zone We can get into the long trade Considering our entire context So primarily market is trending in the upward direction Hence we are looking for long opportunity And if this absorption level takes off Then we will get into the long trade If I hope this particular information is clear to you Alright Just a moment Okay so Playpal is asking Sir please about market pulse Very recently the market pulse indicators Was introduced till 31st January You can try it free If you have a pro version of bookmap Just give me a moment I will show you that If you visit bookmap.truedata.in So you will be able to see Right now I am using the bookmap pro version In that these are the indicators that are included So every week every session I will be discussing about different indicators And basically most of a few of the indicators I regularly use that I will anyway discuss But most of the cases So these are the indicators that you get From the bookmap Cumulative volume delta Point of control VWAP VWAP is the basic indicator So correlation tracker Absorption indicator Every indicator that you are seeing here Scatters through a different objective So today we have discussed about the absorption indicator Absorption indicator And footprint And then market pulse is one of the add-on Which is very recently introduced You can try it out using the Till 31st Jan It is available for to try If you are using a pro version All right So now market pulse indicator How to do that How to activate it If you go to the configure add-ons You will be able to see market pulse By default you will not be able to get it You have to use the bookmap Just a moment Just give me a moment Just a moment Yeah Sorry Just a moment I want to show you around the information In the website So just give me a moment I am checking out Yeah So this is the bookmap The global version So bookmap.com English So if you go to the moor You will be able to see the knowledge base In that if you go to the add-ons All right So you will be able to see most of the add-ons That are available at the present moment In that We are going to Market pulse Okay so Yeah Market pulse volume pressure So this is one of the newly introduced indicators So to give you a perspective about it So let me enable that You have to download the indicator from the website And you have to add it here Okay so if I enable it By default I know nothing will be available here You have to create a new algo There are many more algos They want to introduce here But at the present moment volume pressure Is one of the algo Which is available in market pulse indicator So for which instrument You want to select crude oil And if you expand the setting You will be able to see further settings here Threshold means For example, let's say before threshold We need to understand something called as training period So in this case Training period indicates nothing but the look back period So last five minutes If you selected it as five minutes It considers to Consider the overall information of the last five minutes And similarly half life period is basically used to calculate the Just movement Just give me a moment Yeah So basically the half life You can see that half life period is the amount of time in seconds It takes Which takes to decrease By half of the initial value of EMS So what it means to say is that For every last five minutes of training period For example, for Indian market More than 30 seconds is the ideal way So I'm going to keep it as 30 seconds And basically it means that for every 30 seconds This particular value will be calculated So this will help the system To reset for every 30 seconds For the overall period of five minutes So by default if you keep it lesser So just give me a moment I will show you Just click on this The play button You'll be able to see Two important information After that I will explain that point So for Indian market minimum is 30 So let's try to reduce this particular number If I if I do it as one second So obviously the fluctuations will be more Okay The fluctuation of the indications will be more As you can see in this This white lines Okay So that is conjected now So it's kind of you know Like we use right So basically five minute indicator Indication will be more Comparing to 15 minute indication That's that's the only difference So training period of five minutes You can keep if you want more You know less number of signals You can change it to 10 minute or 15 minute But basically the five minute makes sense And the minimum 30 second is the ideal value For Indian markets Why? Because if I click on apply Now let's look into the same example Don't worry what what this particular Information is all about So I'll explain that So we will be able to see The difference clear difference Between the volume pressures Okay So what exactly these lines are nothing But basically you can see here Just a moment Buyers percentage Sellers percentage So first thing is that It looks back last five minute Every 30 seconds It's resets the value And with that particular case You can clearly see that This is the percentage of buyers This is the percentage line of sellers So for example last five minute Assume 100 numbers is the average volume 100 numbers is the average volume Which is executed at the buyer set Or assume the total volume So in that particular case Whenever there is one party Hitting this particular number So for example 100 If you are keeping a threshold 70 So last five minute average order is 100 And threshold is 70 That means 70 is the threshold value At any given point of time Either one party buyer or seller Hits this 70 orders again Then that particular condition Will be considered as a volume pressure So it helps the market pulse indicator Helps us to monitor and observe the Volume pressure that are happening With respect to the buyers and sellers Okay The question is how we can use this information Right now you can see This is a live tick of the This okay let me increase the size So this is the live tick of the market pulse Indicator okay dashboard And in that case we will be able to see You can clearly see here This is the threshold Okay Okay follow my cursor So here this white line is the threshold So the last five minute average order is Somewhere 268 This algo will be automatically adjusted To the present dynamics of the market So if the volumes for example next Someone hits more than 268 So average order will be more right So in that particular case This threshold will be automatically adjusted So now for given movement At any given point of time At any given point of time If someone hits 70 percent of the 268 order Then the signal will be popped out here Which will be showed as a red Okay So this red indicates the indication of the volume pressure In terms of the selling side The green indicates the volume pressure from the buyer side Okay How we can use this information is that Similar to absorption But the way that it appears is something different So let me show you Right now it is a better example to explain you So basically here we are seeing More of the market sellouts Okay And you can see here we are hitting The pressure is the Price pressure is hitting Basically by the market sellers But if you closely observe here There is no presence Or there is no pressure from the buyers Okay That means the sellers who are entering here Without any pressure from the buyers May get into the trap That's the basic idea of the entire information Though this information This particular information If it is happening at any specific Key level For example assume Okay This is a hypothetical example Assume this is a support level And we are getting this information We are hitting the Volume pressure from the market sellers But not the buyers Okay So only one player is active But price is reverting back So price is moving in the opposite direction That's a clear indication of the seller's trap I hope this is clear Similar way it goes with the market Buy orders as well So just a moment If we are seeing more of the market buy orders But there is no presence of the market sell orders In the Intense of the volume pressure Then the possibility of these buyers Getting into the trap is quite high If it is happening Especially if it is happening At any specific price levels Then the significance of the signal increases more I hope this is clear This is about the market pulse indicator So this is how we can use the information So today I have discussed about A few of the indicators that are available So one is of that Is basically BBO indicator And volume dots Cumulative volume delta Well how we can use the cumulative volume delta So basically cumulative volume delta Also can be used to monitor The overall price behavior And also we can relate the volume behavior as well here So as I said As long as it trends in the downward direction And also price is moving in the downward direction That clearly indicates that There is a relation Okay there is a relation between the volumes The aggressiveness in the volumes Basically market sell orders And the price behavior But Sorry But if there is a non correlation For example market is moving in downward direction Where in cumulative volume delta is increasing The possibility of these sellers You know getting into the trap is quite high That's how we can use the cumulative volume delta Information So I hope this is clear So today we have discussed about This session will be available After this particular session also you can watch this So basically today we have discussed about the context And then we discussed about How we can get into a certain framework And then we discussed about The overall order flow information Footprint information And also cumulative volume delta So few of the instruments Even market pulse also we had discussed today So if you have any particular questions With respect to the information That I have shared so far Please feel free to ask them in the chat section So I'm open to question now If you have any particular question Feel free to ask Again there is a more of Sellers presence here So with that sense This particular level is going to be very critical now So this This is where we saw the maximum volumes At 6, 6, 7, 5 So price Price should sustain above this particular level So that's very important If that is not happening Then the possibility of Just a moment Yeah So possibility of this buyers getting into trap Is quite high So in that particular case It indicates a false break So basically The false break of last resistance So at any given point of time It should not close below this particular level At the same time This is also one of the wonderful way Or opportunity for us to Look for the long trade Not immediately But break off last high Which is very much essential For that This particular information is giving a validation So please Please feel free to ask any questions If you have any questions So you can use the chat option and You know comment the question Always understand Combine the context The framework Which will help you Just a moment Which will help you To filter out the right rates Most of the cases You will not you know End up taking unnecessary trades When you have the context in the place That's why Having the right framework is the first step And then Last step When you are getting into the trade Then definitely the order flow information Will be very much useful In order to understand the order behavior Behind the price action Okay, let's add on that And also this market pulse indicator Will give the sound alert as well Whenever there is a pressure This gives the Volumes as well So you can see that You can change it from here Right now you are seeing There is a buyer's pressures Buyer pressure And hence we are getting Yeah There is more of a selling volume So as you can see This 32 is going to change Okay So right now it is giving a constant Alert But after a certain point of time This threshold will be adjusted So basically It is falling below 32 So the pressure that we are seeing Is has reduced All right Any particular questions on it Earlier it was to Somewhere around 268 rate Because for that 5 minute There was more of More of orders were executed At this particular level Let's try to monitor the price And see what happens So at the present moment We don't want this price to be broken And break up this particular level can You know it is one of the way To get into the long trade So So that's how we can use this information See we can see that buyers are hitting now Buying present Buying pressure is happening at the moment Again buyers are Buyers are again entering into the market I hope you are able to see the I hope you are able to listen to the alerts That are happening So at the moment it is giving an alert In terms of the buyers So that you can change Here Which volume that you want We can change that from the setting More of the market buy orders Getting executed And pressure is presently at the buyer side Volume pressure Meanwhile if you have any particular question Feel free to ask them in the comments So I'll be able to answer it And most importantly try to attend the sessions On every week so that you'll be able to Learn according to the dynamics of the market Because for today's discussion is different For next week discussion will be different Because market is dynamic right So definitely we will be learning the dynamic stuff So try to attend all the sessions So that you'll get the most of the benefit from the sessions And most importantly if you have any Friends who are interested to learn this Advanced concept So feel free to Please share the link of the sessions to them So if you follow the channel You'll be able to get the notification From our end whenever we plan a new session So as you can see the market pulse indicator Is changing the volume So whenever there is a change in the volumes Automatically it will adjust So on every note so if there is a threshold hit So it basically means that something is happening Considering the last 5 minutes If you don't want 5 minutes you can change that here And give the apply That's how we can use this If you are from Indian markets So if you want to trade it from Indian markets We need to visit bookmap.truedata.in So from this you'll be able to get the subscriptions So you can check this after the session Well so that's it from my end I hope today's session added value to you And keep attending all the sessions So that you'll be able to update your knowledge On a timely basis And also please share this information with your Friends who are interested to learn about the same thing So the information that I have shared so far Is for educational purpose only It is not for any buy or sell recommendation Please consider it as a research And basically the educational information Any decision that you take with respect to investment And trading are subject to market risk So that's it See you in the next session Until then take care Bye bye Jai Hind