ThinkorSwim Bookmap Order Flow

zeek

Active member
2019 Donor
TD hinted a while ago in their TOS changelog that Bookmap orderflow could be coming to its platform. I am pretty excited about this because i`ve seen how this tool can be of great benefit in intraday trading. Havn`t heard anything new so just curious if anyone else know of a possible launchdate?

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codydog

Active member
would be a big move for tos as its seems fairly data intensive

But heres the word from bookmap from this morning email exchange -


"...TOS is coming, details and rules will be announced soon.


Regards,


Bookmap Support Team..."
 
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codydog

Active member
got this over the weekend -

"...ThinkOrSwim/TD Ameritrade is not supported now by Bookmap, but it is under testing stage and will be launched soon. ..."

so, maybe...
 

BlueRaven

New member
https://tlc.thinkorswim.com/center/howToTos/thinkManual/Bookmap
It's in their learning center so I would think it's close to release.

I subscribe to bookmap so I'm excited that I could hopefully drop that and save some money as it's a bit pricey and I only use it for certain triggers. I would compare the two side by side though and make sure that TOS version isn't slow as some of the triggers I need to be nearly instant on.

It does look exactly the same as the real version, I'm just curious about the data.
 

zeek

Active member
2019 Donor
Yes, the release should be close and i am really curious to see what type of pricing they will have for the data feeds.
 

madeinnyc

Member
I was hoping to sign-up for @Bookmap, but your customer service turned me off! It's clear they were more concerned with what they could get from me $$$, than guiding me in a thoughtful manner that would allow me to make an informed decision. Bummer!
 
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DPM

Member
I'm curious if anyone here is currently using Bookmap?
I've used it for trading futures. For the most part it's really just another way to display the same info a price chart is already giving you. The main benefit for me, as a TOS user, is Bookmap shows a much deeper order book than anything I've seen in a level 2 or trade ladder.
 

madeinnyc

Member
The Iceberg/Stop Run tracker look interesting....but the customer service I experienced when asking about features was a turnoff! I read that TOS is in the "testing mode" to bring that onto its platform. There are a few other vendors out there looking to do the same. If that happens, it will create price compression for Bookmap which is also a reason why I haven't signup.
 

DPM

Member
I was hoping to sign-up for @Bookmap, but your customer service turned me off! It's clear they were more concerned with what they could get from me $$$, than guiding me in a thoughtful manner that would allow me to make an informed decision. Bummer!
yes, customer support is tough over there.
The Iceberg/Stop Run tracker look interesting....but the customer service I experienced when asking about features was a turnoff! I read that TOS is in the "testing mode" to bring that onto its platform. There are a few other vendors out there looking to do the same. If that happens, it will create price compression for Bookmap which is also a reason why I haven't signup.
Hate to be a *** blanket but the iceberg detector is a completely redundant feature. Read up on how it determines what an "iceberg" is. Besides, it doesn't show anything that you can't see in the bookmap trade ladder, which is really the single benefit of the thing because it's a much deeper ladder than TOS's 10 slots. I'm actually hoping TOS is able to add that depth, otherwise bookmap is literally same view though a change of window dressing. Yes, the customer service wasn't the easiest -- no one to walk you through setting it up verbally. Just some weird remote deal. I cancelled it after attending a webinar with whoever developed it.
 

DPM

Member
yes, customer support is tough over there.

Hate to be a *** blanket but the iceberg detector is a completely redundant feature. Read up on how it determines what an "iceberg" is. Besides, it doesn't show anything that you can't see in the bookmap trade ladder, which is really the single benefit of the thing because it's a much deeper ladder than TOS's 10 slots. I'm actually hoping TOS is able to add that depth, otherwise bookmap is literally same view though a change of window dressing. Yes, the customer service wasn't the easiest -- no one to walk you through setting it up verbally. Just some weird remote deal. I cancelled it after attending a webinar with whoever developed it.
Just to be clear, what I mean about their orderbook depth is is different than time and sales. It's that you can see on the trade ladder where ALL of the limit orders are. Not just 10 rows. For example, ES is trading at 3391.5, currently all I can are the number of limit orders between 3389 and 3394.75. With bookmap you see all the limit orders that exist in the book. So say I see 1500 orders at 3420 and 1500 orders at 3330, I can assume those will be pretty good support/resistance levels. However, I must add that those big or "iceberg" orders are usually that far apart. And most of the time the intraday trading ranges are much tighter.
 

zeek

Active member
2019 Donor
The main usage for me with Bookmap will be to see where the "big hand" traders are positioning themself and also to see where & when there is a soak on bid/ask which can be a good indication of a reversal when a hidden buyer/seller is soaking. I am sure there are many other benefits with this software as well and i look forward to give a try soon. The launch should be close now because the trials started already in may i believe.
 

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