Bookmap forum

Hi,

Happy Easter All and hope you're keeping safe. Quick question, has anyone used the TTW MarketVolume Pro? It's quite pricey on the bookmap marketplace (link: https://marketplace.bookmap.com/product/ttw-marketvolumepro/)

Also wondering why the Sharp Delta (vdelta) is different from bookmap CVD, as it appears to use the same data, market buy and sell orders. It seems a more responsive indicator with zero lag (see youtube video: How to use TTW-MarketVolumePro). The LiftAsk and HitBid lines converge and diverge from each other more frequently than if Bookmaps CVD was "split" to show bid and ask. When the cumulative buy and sell lines are split in Bookmaps CVD, both lines seem to still track each other closely compared to the HitBid and LiftAsk Lines of the TTW MarketVolume Pro. Is this because the TTW indicator incorporates speed of tape i.e. a time element market order execution to the delta it calculates?

Pardon the long question. Any thoughts would be greatly appreciated. 


Any thoughts o

Hi, 
sorry, saw your question now. 
CVD simply displays the cumulative volume of buy aggressors minus sell aggressors. Buy volume is a positive number and sell volume is a negative number. Add them together and you'll get the CVD output. 
TTW-MarketVolumePro is not SharpDelta. It is far more as explained in this article: https://ttwtrader.com/2020/05/01/bookma ... volumepro/.
It indicates:

• vDeltas and Stop Runs
  
• Market Direction
  
• Market Velocity
  
• Bid/ask imbalances
  
• etc
  

TTW-MarketVolumePro comes as a life-time-license with free updates. No subscription needed. 
Its usage is described in the above mentioned article best. 

You can use both - TTW-MVP and CVD - indicators to determine market direction. There is no contradiction in their usage.

Best 
Walter