Orderbook Heatmap#

A time-and-price heatmap of resting order-book liquidity behind the candles, green for bids and red for asks, so you can see where the big walls sit and how they build or pull.

TODO: screenshot of the Orderbook Heatmap behind the candles (green bid walls, red ask walls).

What it shows#

Tracer records order-book depth over time and paints each price level by how much resting size sat there, brighter for thicker liquidity. Bid-heavy cells use a green ramp and ask-heavy cells a red one. This is standing book depth, where limit orders are parked, not executed trades or volume.

How to read it#

Read it like a heat-of-the-book view. Bright green bands below price are stacked bid walls, potential support where resting buyers sit. Bright red bands above price are ask walls, potential resistance. A band lit across many columns is a persistent wall, so watch whether price is pulled toward it or rejects off it. A wall that suddenly goes dark is liquidity being pulled or filled, and that often precedes a fast move through the level. Raise the minimum order size to strip retail noise and isolate the whale walls.

Settings#

• Data source. Live streams Hyperliquid depth from this session. Stored reads the multi-venue depth archive, the only way to see history from before you opened the chart.
• View and venues. On the stored path, choose a single venue or union several of the recorded venues.
• Min order size. A dollar-size floor. Raise it to keep only the large walls.
• Min intensity, gamma, colors, opacity. Tune which cells show and how strongly the heatmap sits over the candles.

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