Video lesson · SignalsZ-Score Map: how to read and use it
Heatmap of unusual market activity — what is unusual right now: price, order book, trades and derivatives on one map. The lesson takes 2:29; its full text is below the video.
Narrated in Russian. English subtitles are on by default.
Z-Score Map in short
What does Z-Score Map show?
A heat map under the chart: each row is one metric, each cell shows how far it is from its usual level. The brighter the cell, the stronger the deviation. Three order book rows — skew near the price, skew deeper and total depth — add what other maps of this kind leave out.
How to read Z-Score Map?
- Directional rows — price, book skew, delta, CVD, funding: a green cell is above usual, a red one below.
- Magnitude rows — book depth, volume, open interest, liquidations: an amber cell is more than usual, a gray one less.
- A bright column across several rows marks a moment when the whole market behaves unusually, not a single metric.
- Pale cells are the normal backdrop and can be ignored.
How to use Z-Score Map?
- Compare price with the book: bright green price with red book skew means the rally is running into sellers.
- Amber liquidations together with bright delta show a forced move; then check whether the book holds it.
- The short window catches spikes faster, the long one shows deviation from a calm backdrop.
- Rows you do not need can be switched off in the settings.
What do you often see on Z-Score Map?
- A bright cell means unusual, not further up: it gives no direction by itself.
- The short window catches spikes and is noisier.
- Bright green price with red book skew means the rally is running into sellers and often fades.
Where can I find Z-Score Map?
In the Liqwall terminal: the Indicators button, the Signals section, Z-Score Map. The “Open in the terminal” button on this page opens the chart with it already added.
Lesson text
0:00What Z-Score Map is
Ten metrics on one screen, and you only see what is unusual right now. This is Z-Score Map — a heat map of the market.
0:08How to add Z-Score Map to the chart
Press the Indicators button, open the Liqwall list and type Z-Score Map in the search. A map appears under the chart.
0:17How to read Z-Score Map
Each row is its own metric. Each cell is one candle. A cell's brightness shows how far the metric is from its usual level right now. In the rows with a direction — price, order book imbalance, delta, cumulative delta and funding — green means above usual, red means below.
In the rows with a magnitude — book depth, volume, open interest, liquidations — amber means more than usual, grey means less than usual. The three order book rows — imbalance near the price, imbalance deeper and depth — exist only here. Pale cells are the usual background; you can skip them. Look at bright columns: when several rows are unusual at once, the whole market is behaving unusually.
1:06Z-Score Map settings
In the Window setting choose the window. A short one catches spikes, a long one shows major shifts. Unneeded rows are turned off in the settings.
1:16An example on a real chart
An example. Bitcoin. 1-hour timeframe. September 21.
At 11 a.m. the column lit up almost entirely: price, volume, delta, cumulative delta and liquidations. All at maximum brightness. The book depth row, meanwhile, is grey. The order book is thinner than usual.
In that hour bitcoin went from 81,700 to 84,270, and by 4 p.m. to 85,800. The second case. October 15. 5 a.m.
Volume and liquidations glow amber. And the change in open interest goes grey. Positions are being closed. This is a forced move.
The candle drops to 80 thousand and returns to 81 thousand within the same hour.
2:09What to pair Z-Score Map with
Keep Wall Pressure next to it — it shows the order book imbalance as a multiple. Order Book Pressure — where exactly that imbalance sits. And Market Mood — how the coin behaves against the market.
2:23The takeaway
Skip the pale, deal with the bright.
Add the indicator to the chart and look at it on your own coin.Free account — no card needed.