4.3. Pack 3 LEDGER Bookmap Heatmap

PACK 3 INDICATORS- LEDGER (formerly Bookmap)

Pack 3: "BookMap NT" package uses data level 2 for HeatMap NT.

LEDGER (Bookmap NT) is a new version of the well-known Bookmap charting software for traders.
What is the difference between Bookmap and LEDGER? 

What is the problem with the commonly used Bookmap software? Here are the Pros and Cons for Bookmap ( not this website) 

Bookmap Cons:

- no longer unique and effective for scalpers
- outdated visualization
- incorrect icebergs detection
- lack of traditional charting options
- not naturally integrated with NinjaTrader or any other platforms
- hard to clean charts 
- very primitive Dom 
- lagging charts during high volatility 

LEDGER formerly known as Bookmap NT is a new and redesigned version to combat the insufficiencies of Bookmap for traders. 

Here are the advantages of LEDGER formerly Bookmap NT: 

LEDGER Bookmap NT PROs:

- LEDGER Bookmap NT is a more advanced and newer version
- can be used directly on the NinjaTrader chart.
- LEDGER Bookmap NT is naturally integrated with any other indicators: Footprint, VWAP, Commulitive Delta, Volume Profile, Delta Level 1 and Delta level 2,
- Provides enhanced visualisation
- advanced filtering options to clean up charts
- fast performing during high volatility
- enhanced liquidity visualization

INDICATORS INCLUDED IN PACK 3 LEDGER BOOKMAP NT

• Advanced HeatMap NT
• Market Delta bubbles,
• PriceLine NT  

What is Advanced Heatmap NT: 
Heatmap NT displays historical records of passive resting limited orders, represented by time and colors. Heatmap NT displays liquidity and helps identify the strength of support and resistance price levels and support and resistance zones. 

Hatmap filters help to display immediate liquidity magnets for scalping on a small time frame. 

 Market Delta indicator:
- Market Delta represented by bubbles, uses level 1 data.
Bubbles can be merged with two merging modes, allowing the chart to be tuned to perfection for reading and instant analysis.

The data used by passive participants is level 2 data. Rhythmic level 2 data is the recommended data provider. Passive orders create real liquidity that is significantly different from stop-loss-triggered liquidity.  Traders who know only price action rely on stop-loss-triggered liquidity only. Accurate and reliable support, resistance zones, and levels are based on passive liquidity from level 2 limit orders.  

DESCRIPTION AND PRESENTATION LEDGER BOOKMAP NT

Watch the presentation about Indicators from Pack 3 on the main menu LEDGER  https://bestorderflow.com/bookmapnt

READY-TO-USE TEMPLATES:

Individual Indicators templates:
- Every indicator template can be loaded from the Indicator Name/ Properties/bottom right corner. Click on the Word templates and load the template. 

- Every indicator template can be found inside:  Documents\NinjaTrader 8\templates\Indicator\indicatorname \
- Save /unzip new individual indicators inside: Documents\NinjaTrader 8\templates\Indicator\indicatorname \

Chart templates for Pack 2:

Multiple indicators assembled on one chart :

- To load a Chart template,  right click on a chart/ Templates/ Load... 
- To save a chart template, right click on a chart/ Templates/Save as...
- New chart templates should be manually copied/unzipped into directory: 
C:\Users\olegm\Documents\NinjaTrader 8\templates\Chart\ 

DOWNLOAD ready-to-use templates on our Discord channel.
We share a lot of charts, and also individual indicator templates, on our Discord and Telegram channels:

1) Download from Discord Community: https://discord.gg/2CJAuQ87GY

2) Download from Telegram https://t.me/+b678L2hiDc0xYjkxOur

PACK 3 LEDGER STRATEGIES:

Strategies used with indicators from LEDGER Bookmap NT in combination with other  bestorderflow.com indicators

VIDEO + PDF MANUALS AND INSTRUCTIONS

Manuals / Instructions / Explainer about how to set up Heatmap, Heatmap Filters, Market Delta