HeatSense Monitor

HeatSense Monitor is an interface designed to dynamically track order books with the highest volume currently on Binance. It aims to provide aggregated dynamic data that allows you to monitor order sizes, make decisions about entering positions, or determine the levels at which to close existing positions.

The data is updated in real time by maintaining continuous communication with the exchange, capturing orders placed or removed from the order book at millisecond intervals. To make the data easier for human eyes to follow, it is processed using intelligent algorithms and refreshed on the screen every 5 seconds.

For instance, the BTC/USDT order book contains thousands of price levels with thousands of orders. However, many of these orders are either very small and insignificant in terms of price impact or highly unrealistic and unlikely to be executed, rendering them meaningless. At CDDStamp, we aim to make these order book entries more meaningful by highlighting levels that can particularly help you in making decisions about opening trades. Let’s explain with an example:

Below, you can see the Binance Futures BTC/USDT order book. The row with a black background in the middle represents the current price at which BTC is being traded. The rows above this line show sell orders, while the rows below display buy orders.

The "Price Level" column shows the order price, the "Qty" column indicates the size of the order in BTC, and the "Orders" column displays the size of the order in USDT.

The colors have specific meanings:

• Gray and White rows indicate that the size of the order is the same as it was 5 seconds ago, meaning no new orders have been added at that price level and no orders have been canceled.

• Red indicates an increase in order size on the sell side, meaning new sell orders have been placed at that level, while on the buy side, it indicates the cancellation of orders at that level.

• Blue, on the other hand, indicates the cancellation of sell orders at that level and the addition of new buy orders at that level.

In simple terms:

• If Gray and White dominate, the market is stable.

• If Red dominates, it indicates an increase in selling pressure, a decrease in buying interest, and a higher likelihood of a downward price movement.

• If Blue dominates, it suggests an increase in buying pressure, a decrease in selling interest, and a higher likelihood of an upward price movement.

Additionally, the larger the size of an order in a row, the more it can act as an indicator of resistance (on the sell side) or support (on the buy side). These levels can guide you in making decisions about which levels to take action at when opening or managing trades.