Book Map Indicator Download for MetaTrader 5 – Free | Forex Indicator Download – MT4/MT5 Resource

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

This indicator illustrates the cumulative price level of orders at different points in time using horizontal bars green representing buy orders and red showing large sell orders .

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

Book Map Indicator Specifications

The functions of the book map indicator are shown in the table below.

Book map indicator at a glance

One of the key features of this product is the Book Map Indicator is the display of colored circles on the candlesticks , which illustrates the different volume levels for each candle.

The circles reflect the intensity of market activity:

• Gold Circle : The lowest volume in a candle
• Orange Circle : Low volume, limited activity
• Red-Orange Circle : Volume is below average
• Light Purple : Above average volume
• Dark Purple : Large trading volume and strong market trends
• Dark Blue : Maximum trading volume, likely smart money participation

bullish trend conditions

In the 30-minute XAU/USD chart, the green bars to the right clearly indicate large purchase orders at these price levels.

Additionally, the appearance of a light purple circle bullish candle signals increased buyer volume and suggests buyer dominance .

Bearish trend conditions

Calculated on a 1-hour basis for the GBP/USD chart, the right side of the red histograms indicates that sell orders accumulate and increase 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 declines.

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 of the buy order column
• Color of Sell Order : Select the color of the sell order column
• Color of Text : Set the color of the label next to the bar
• Color of Price : Select the color of the price within the bar

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 show order and volume levels and highlight potential support and resistance zones .

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