DYORLearn hubBlog
Home / Learn hub / Order book on the chart

Liquidity heatmap: large limit orders on the chart

9 min · DYOR Education
PROChart layer
Goal

Break down the liquidity heatmap: where exactly the large limit levels sit and what's behind them, where to turn it on and what each setting on the card changes.

Liquidity heatmap on BTC/USDT, linear scale: time left to right, yellow bands — the largest orders, ordinary liquidity dark
Liquidity heatmap on BTC/USDT, linear scale: time left to right, yellow bands — the largest orders, ordinary liquidity dark
What it shows

Order book history over the candles. Time on the horizontal axis, price on the vertical.

  • Each column is a snapshot of orders at that moment.
  • Cell color — how much money stood at that price: purple → light blue → yellow as volume grows.
  • You see not “90M in bids” but at which exact prices they stood and how they moved.
  • The order book is collected within ±15% of price. The boundaries are gray lines.
  • History depth: 1m — 3 days, 5m/15m/30m — 30 days, 1h and higher — 180 days.

What dark means. Depends on the brightness scale, a setting below.

  • Linear is the default. Brightness is proportional to volume, the maximum is taken from the largest levels within ±5% of the price. Only walls light up. Ordinary liquidity is dark too: dark here means “far less than the wall”, not “empty”.
  • Logarithmic pulls up the small levels. The whole book is visible, walls stand out less. Empty prices are visible only in it: dark between bands means prices without orders.

Exchanges: Binance, Coinbase, Deribit. There is no heatmap on Hyperliquid: it provides only 20 order book levels.

one bright bandpriceall the money at one price, empty aroundeven colorpricemoney spread across many pricescolumn — order book snapshot at a moment, row — price, color — how many dollars stood; dark — no orders
COIN B&A will say “90M in bids”. The heatmap shows whether they're at one price or smeared out — and where it's empty.
What it's for

See exactly where the largest limit levels stand and what is behind them. B&A and RATIO say “3% bids grew”. The heatmap shows at which price they stand: at one or at many. And a second thing no other indicator has. Almost all of them show where something is: money, trades, liquidations. The heatmap on the logarithmic scale also shows where nothing is — prices without a single wall and without volume. Densities give points, emptiness gives the distance between them.

For example.

  • 3% bids grew. On the heatmap all of the increase is one bright band at one price, and below it, down to the next band, it is dark. One level holds the price. Pull it or eat it — below, down to the next wall, orders are far smaller.
  • The same 3% bids grew, but there are several bands at different prices. The money is spread out; below price there's a ladder of levels.
  • On the logarithmic scale it is dark above the price up to +4%, the first density is at +4%. Up to it the price has nothing to lean on. B&A will show the sum of asks but will not say they all stand at one price with nothing between it and the market.
  • A band fades as soon as price approaches — the order was pulled before it could be filled.
  • A “+1.2k (+45%)” circle below price — volume was just added to this level.
Where to find it

Right rail → Settings (the first button) → the “Liquidity Heatmap” section. The toggle on the right turns the layer on, the arrow on the left opens its settings. The “?” button in the panel header shows an explanation for every setting. The “Cloud” mode keeps the settings in the account for all tabs, “Tab” — only in this tab. Settings are remembered separately for each coin.

Settings
FieldOptionsDefaultWhat it changes
Interval1m · 5m · 15m · 30m
1h · 4h · 1d
5mColumn step in time.
Set it close to the chart timeframe — the columns will line up with the candles.
Level merging×1 … ×10×1Merges adjacent price steps.
1 — the price step: about 0.03% of the coin’s price, $50 on BTC right now.
5 — five times wider, 10 — ten times.

Heatmap ripples with thin bands — increase it.
Brightness scaleLinear
Logarithmic
LinearHow to turn volume into brightness.
Linear — only walls light up, the rest is dark: you see where the largest orders stand.
Logarithmic — the whole book is visible, walls stand out less: you see where there are no orders at all.
- Want to look for walls — Linear.
- Want to see gaps and small levels — Logarithmic.
Thin lineson
off
offEach level is drawn as a 1-pixel line in the middle of its price step, not as a band across the whole step.
Same precision, cleaner picture.
Bands merge together — turn it on.
Intensity filtertwo sliders0 … 100%Left — below what volume not to show.
Right — from what volume brightness is at max.
Small orders hide large ones — raise the left one.
Level activityon
off
onCircles where volume was sharply added or pulled over the period.
Green — bids, red — asks.
Label — with sign and percentage.
Comparison periodSnapshot
15 minutes
1 hour
4 hours
1 hourWhat to compare a level's volume against to decide it changed sharply.
- Want to catch quick additions and pulls — Snapshot or 15 minutes.
- Want only large changes over hours — 1 hour or 4 hours.
Marks on screen (activity)8
16
24
8How many circles to show.
Labels — on the eight largest.
Fills and pullson
off
onA label at a level when price reaches it: how much was filled, how much pulled, how much added.
Based on trades at that price, not on price movement.
- Want to see whether a level is held or pulled as price approaches — turn it on.
Marks on screen (fills)8
16
24
8How many fill and pull labels to show.
Largest levelson
off
offTop 5 levels within ±10% of price, as bands.
The 🧲 icon — the level matches a liquidation map cluster.
Hover tableon
off
onShow the boundaries and volume of the band under the cursor.
Level significance threshold0 … 100%55%How large a level has to be to get a volume label to the right of the chart.
Doesn't go below the left slider of the intensity filter.
Too many labels — raise it.
Colors3 fields—“From weak to strong” — the three points of the heatmap scale.
“Levels” — the “Largest levels” bands.
“Magnets” — levels that coincide with a liquidation map cluster.
The “Liquidity Heatmap” section in the settings panel: the toggle on the right turns the layer on, its settings below
The “Liquidity Heatmap” section in the settings panel: the toggle on the right turns the layer on, its settings below
In alerts

Not on the heatmap. An alert on order book volume is set with the metrics COIN B&A and COIN B&A DIFF. An alert on a single large order is a limit alert, see the “Alerts” block.

Try it yourself
  1. Right rail → Settings → turn on the “Liquidity Heatmap” toggle on BTC/USDT 15m.
  2. Find the brightest band under the price. Switch the “Brightness scale” to logarithmic and look at what is between the band and the price.
What you should get. On the linear scale you see at which price the wall stands. On the logarithmic one — whether there is anything at all between it and the price.
Paid layer.
Takeaway

The heatmap is the order book over time. Price vertically, time horizontally, the colour of a cell — how much money stood at that price. B&A gives the sum over a band, the heatmap gives the prices that sum stands at: one bright band and darkness behind it, or a ladder of levels. On the linear scale, the default, only walls light up and dark means “far weaker than the wall”; on the logarithmic one the whole book and the gaps are visible — prices with no orders at all. Enabled in the right rail → Settings → Coin. The “Level activity” circles mark where volume was sharply added or pulled. Available on Binance, Coinbase and Deribit.

Quick check

Linear scale. 3% bids grew, on the heatmap there is one bright band under the price and darkness below it. That means…

Show answer

Correct answer: Almost all of the increase stands at one price, the other levels below it are far weaker than this wall

Quick check

Linear scale. A dark area between two bright bands is…

Show answer

Correct answer: Levels far weaker than these two walls; whether there are any orders there at all, the logarithmic scale will show

← Previous lesson Next lesson →
See these concepts live on real Binance data — the DYOR workspace is free to start.
Open DYOR Platform