Liquidity heatmap
Main chartSpot and futures
The heatmap draws the history of limit orders on the chart. Our algorithms pick out and classify the most significant orders, so the largest walls stand out even on busy markets.
How to read it
- Every horizontal stripe is a price level with resting limit orders. The brighter the colour, the larger the order.
- Bids (buy limit orders) and asks (sell limit orders) use different palettes, so you see at a glance which side the liquidity sits on.
- A stripe that persists while price approaches it is a wall. Watch how price behaves when it reaches the level.
- A stripe that disappears right before price touches it was pulled. Spoofed liquidity often looks like this.
Filters
Two sliders control what you see:
- the left slider filters limit orders by volume,
- the right slider controls the colour intensity of the orders on the heatmap.
Filter customisation
Sometimes a single order is so large that every other order looks equally small and gets the same colour. On this chart there is a huge order on XRPUSDT at the 2.8 USDT level:
The heatmap becomes hard to read, because the relative sizes of the other orders are lost.
Fix it by lowering the upper limit of the filter manually. Here the limit was reduced ten times, from 41,109,539 XRP to 4,110,953 XRP:
Now the relative sizes of all other limit orders are visible again.
Settings
| Setting | Default | Description |
|---|---|---|
| Extend heatmap (bars) | 1 | How many bars into the future the current order book is projected (1 to 100). |
| Aggregate | none | Add the order books of other exchanges to the heatmap. |
| Aggregate SPOT only with other SPOTs | on | When aggregating, mix spot books only with spot books. |
| Aggregate FUTURES only with other FUTURES | on | When aggregating, mix futures books only with futures books. |
| Palette | lite | Built-in colour palettes for asks and bids. |
| Use custom palette | off | Define up to five custom colours for asks and for bids. |
The full list of order flow indicators and their settings is in the indicator reference.