Absorption

Detect high participation rate/liquidity provision trade execution areas commonly referred to as “absorption” with a user defined single or multiple level aggregate volume threshold setting. (Not to be confused with absorption based on a rapid execution of traded volume based on time threshold)

Settings

Absorption Trigger: This will alert when the absorption on the level (bid or ask) reaches X total volume, in the example below it will trigger when 2 consecutive levels are >= 500.

Level QTY: If “Enable Multi Level” is checked, the addon will alert only when X levels are >= 500

Enable Multi Level: This setting will determine either a single or multiple level alert.

Color: Bookmap Indicator Color for Buy/Sell lines

Buy/Sell Alert Line Style: Bookmap Indicator Line Style

Sample settings for ES which should give a good starting point

Absorption Trigger >= 500
Level Qty = 2
Enable Multilevel
Enable Delta Text
Enable Sounds\

Dependinng on your market liquidity you have to adjust the parameters

Indicator on Heatmap

Demo video on ES

Last modified June 9, 2021