Bookmap new indicators and all these new up and coming platforms is like a candy store. Sometimes just going back to the rudimentary way of watching volume profile and 30 minute candles is so nice. May surprise yourself on a such a basic idea. Of course it takes skill to use VP or MP.
Hi Douglas, nice video again! Do you understand what exactly this indicator is measuring? I asked their support, but got a very generic explanation saying it is based on liquidty and market orders...
Its proprietary so they aren't going to give too many details. My best guess is a certain amount of volume within a certain amount of time, compared to amount of orders available to fill.
@@douglasontrading8021 Thanks! I was seriously about to subscribe to the MBO Bundle, but weighing the option now. Follow-up question, could we get by with the Basic or Pro package if we're just trading ES and NQ (for cost purpose) or would it have to be the Ultra package all the way? Thanks again
@DouglasOnTrading Thanks so much for your videos they are great. I've subscribed and notified : ) Quick question for you. I noticed marks for basic and pro versions for the market volume stops feature on the TTW price page. Do you know if that changed and would it be OK to go with basic now? Or do you still recommend the ultra package. Also, do you have a discount code for the 6 month subscription? I'd like to make sure you get credit. Thanks for all you do.
Can this be used with stocks now? The ttw youtube says its only mbo data but the tradefinder web page says it can be used with or without mbo data. Im trying to see if I can use it on the SPY
Market Volume Stop which is the main indicator for TTW is not MBO based so yes. Can be used on SPY. But I think it’s more useful on ES. Just seems to work out better.
Hello Douglas, thank you for showing this. To use the TTW TradeFinder Indicator I have to subscribe to the MBO-Datafeed, which contains the SI-Indicator. So with this then I have two Stops- and Icebergindicators. Is that right? Can I use all simultaniously? Have you compared both at the same time? I have tried already the SI-Indicator for two month. What is the actual difference or advantage of the TTW Indicator? Thank you in advance.
You are mistaken. You need MBO data which is only available with Rithmic data feed. The MBO indicator from Bookmap is not data it’s the SI indicator. You only need TTW Traderfinder OR the SI indicator. Not both. That would be redundant and costly.
Hey man, have you taken a look at Volumetrica VolBook? For a video idea you could do a verses battle : bookmap vs Volumetrica. Just an idea for a video.
@@douglasontrading8021 fair point. Volumetrica looks and feels retro like Sierra, but it has interesting perks to that are similar to bookmap. Book-map is more modern IMO. Still Interesting to compare.
I’m so happy I found your channel man! 😅
I’ve started my Bookmap journey and your videos have been a1! Thanks! 🔥
Awesome!
Good to see you are looking into Tradefinder... I think it's a useful tool... Walter does deliver the true value..
Agreed. He’s always innovating.
Bookmap new indicators and all these new up and coming platforms is like a candy store. Sometimes just going back to the rudimentary way of watching volume profile and 30 minute candles is so nice. May surprise yourself on a such a basic idea. Of course it takes skill to use VP or MP.
Any style of trading thats even marginally effective takes skill
@@douglasontrading8021 very true
ahh finally product from ttw...
Indeed. He’s been kicking it for awhile
Thank you very much!😀
Hi Douglas, nice video again! Do you understand what exactly this indicator is measuring? I asked their support, but got a very generic explanation saying it is based on liquidty and market orders...
Its proprietary so they aren't going to give too many details. My best guess is a certain amount of volume within a certain amount of time, compared to amount of orders available to fill.
@@douglasontrading8021 thank you. By the way they said that they are improving this indicator.
are you using the same settings for the TTW ?
Does this require Global or Global Plus? Is this the basic, pro or ultra package? And do you prefer this, or Bookmap's MBO Bundle indicator? Thanks
Global works. Need Rithmic connection. It’s the Ultra package. I like TradeFinder better than MBO bundle. Just easier to interpret.
@@douglasontrading8021 Thanks! I was seriously about to subscribe to the MBO Bundle, but weighing the option now. Follow-up question, could we get by with the Basic or Pro package if we're just trading ES and NQ (for cost purpose) or would it have to be the Ultra package all the way? Thanks again
@@randombarbarian5637 ultra is the only viable option. The market volume stops are the biggest edge and only available in ultra
@@douglasontrading8021 Thank you!
@DouglasOnTrading Thanks so much for your videos they are great. I've subscribed and notified : ) Quick question for you. I noticed marks for basic and pro versions for the market volume stops feature on the TTW price page. Do you know if that changed and would it be OK to go with basic now? Or do you still recommend the ultra package. Also, do you have a discount code for the 6 month subscription? I'd like to make sure you get credit. Thanks for all you do.
Can this be used with stocks now? The ttw youtube says its only mbo data but the tradefinder web page says it can be used with or without mbo data. Im trying to see if I can use it on the SPY
Market Volume Stop which is the main indicator for TTW is not MBO based so yes. Can be used on SPY. But I think it’s more useful on ES. Just seems to work out better.
I have Bookmap with DxFeed ?
Hello Douglas, thank you for showing this.
To use the TTW TradeFinder Indicator I have to subscribe to the MBO-Datafeed, which contains the SI-Indicator. So with this then I have two Stops- and Icebergindicators. Is that right? Can I use all simultaniously? Have you compared both at the same time? I have tried already the SI-Indicator for two month. What is the actual difference or advantage of the TTW Indicator? Thank you in advance.
You are mistaken. You need MBO data which is only available with Rithmic data feed. The MBO indicator from Bookmap is not data it’s the SI indicator. You only need TTW Traderfinder OR the SI indicator. Not both. That would be redundant and costly.
Does rithmic support crypto?
No. But Bookmap has feeds for Crypto.
Hey man, have you taken a look at Volumetrica VolBook? For a video idea you could do a verses battle : bookmap vs Volumetrica. Just an idea for a video.
Not a bad idea. Maybe I will. But not sure I care to learn something else.
@@douglasontrading8021 fair point. Volumetrica looks and feels retro like Sierra, but it has interesting perks to that are similar to bookmap. Book-map is more modern IMO. Still Interesting to compare.
Hi Douglas, I think your discount code doesn't work, just tried to buy TTW Tradefinder. Could you check please? Thank you.
I checked and you are correct. Looking into it.
Give it another shot. Should be fixed.
@@douglasontrading8021 it worked, thank you, you should earn some pennies for your hard work :-) great videos by the way!
@@CountryGirl-007 Much appreciated!!
Between algobox and this tool what u prefer
I like both and I’m relatively new to both. I have way more experience with Bookmap so I’m always more comfortable trading with it.
@@douglasontrading8021 Ok do the bookmap has lifetime plan as well?
@@kumudsaxena6504 Bookmap has a lifetime plan. The indicator does not
How long do the discount last for?
1st month only.
so much of rambling.....