Book Map Indicator for MetaTrader 5 Download – Free – [TradingFinder]

The Book Map Indicator is designed to display market depth, liquidity, and buy/sell order levels.

This indicator illustrates order accumulation at different price levels using horizontal bars green representing buy orders and red showing sell orders with high volume.

Additionally, the indicator classifies and visualizes the volume within each candlestick using colored circles.

Book Map Indicator Specifications

The features of the Book Map Indicator are shown in the table below.

Bullish Trend Conditions

In the 30-minute XAU/USD (Gold/US Dollar) chart, the green bars on the right side clearly indicate significant buy order volumes at those price levels.

Additionally, the appearance of light purple circles on bullish candles signals increased buy-side volume and suggests buyer dominance.

Bearish Trend Conditions

According to the 1-hour GBP/USD chart, the red histograms on the right indicate sell order accumulation and increasing supply at higher price levels.

Moreover, light purple, dark purple, and dark blue circles at the top of bearish candles reflect strong selling pressure and notable sell volume during price drops.

Book Map Indicator Settings

The settings section of the Book Map indicator includes the following options:

• Number of Levels: Defines the number of price levels for buy/sell orders
• Color of Buy Order: Set the color for buy order bars
• Color of Sell Order: Choose the color for sell order bars
• Color of Text: Set the color for labels next to the bars
• Color of Price: Choose the color for prices within the bars

Conclusion

The Book Map Indicator is a powerful tool for order flow analysis and Depth of Market (DOM) visualization within MetaTrader 5.

The colored bars on the right side of the chart display order and volume levels and highlight potential support and resistance zones.

This indicator can be effectively used across various markets such as Forex, cryptocurrencies, stocks, and commodities.