Bitcoin Multibook v1.0 [Apollo Algo]

Bitcoin Multibook v1.0 by Apollo Algo is an advanced market depth and order flow visualization tool that brings professional-grade multi-exchange order book analysis to TradingView. Inspired by Bookmap's multibook functionality and built upon LucF's original single "Tape" indicator concept, this tool aggregates real-time trading data from multiple Bitcoin exchanges into a unified tape display.

Credits & Attribution
This indicator is an evolution of the original "Tape" indicator created by LucF (TradingView: LucF). The multibook enhancement and Bitcoin-specific optimizations were developed by Apollo Algo to provide traders with institutional-grade market microstructure visibility across major Bitcoin trading venues.

Purpose & Philosophy
Bitcoin leads the entire cryptocurrency market. By monitoring order flow across the primary Bitcoin exchanges simultaneously, traders gain crucial insights into:

Cross-exchange arbitrage opportunities
Institutional order flow patterns
Market maker positioning
True market sentiment beyond single-exchange data

Key Features

📊 Multi-Exchange Data Aggregation
Real-time tape from 3 major exchanges:

• Binance (BTCUSDT)
  
• Coinbase (BTCUSD)
  
• Kraken (BTCUSD)
  

Customizable source inputs for any trading pair
Synchronized price and volume tracking
Exchange name identification in tape display

📈 Advanced Tape Display

• Dynamic tape visualization with configurable line quantity (0-50 lines)
  
• Directional flow indicators (＋/－ symbols for price changes)
  
• Exchange identification for each trade
  
• Volume precision control (0-16 decimal places)
  
• Flexible positioning (9 screen positions available)
  
• Real-time only operation for accurate order flow
  

🎯 Volume Delta Analysis

• Real-time cumulative volume delta calculation
  
• Divergence detection (price vs. volume direction)
  
• Colored visual feedback for market sentiment
  
• Total session delta displayed in footer
  
• Cross-exchange delta aggregation
  

🚨 Smart Alert System
Marker 1: Volume Delta Bumps (⬆⬇)

• Triggers on consecutive volume delta increases
  
• Identifies momentum acceleration points
  
• Filters out divergent movements
  

Marker 2: Volume Delta Thresholds (⇑⇓)

• Fires when delta exceeds user-defined thresholds
  
• Catches significant order imbalances
  
• Excludes divergence conditions
  

Marker 3: Large Volume Detection (⤊⤋)

• Highlights unusually large individual trades
  
• Spots potential institutional activity
  
• Direction-specific triggers
  

Configure Data Sources

• Adjust exchange pairs if needed (e.g., for altcoin analysis)
  
• Leave blank to disable specific exchanges
  
• Use format: EXCHANGE:SYMBOL
  

Customize Display

• Set tape line quantity based on screen size
  
• Position the table for optimal visibility
  
• Choose color scheme (text or background)
  
• Adjust text size for readability
  

Configure Alerts

• Enable desired markers (1, 2, or 3)
  
• Set volume thresholds appropriate for your timeframe
  
• Choose direction (Longs, Shorts, or Both)
  
• Create TradingView alerts on marker signals
  

Trading Applications
Scalping (1-5 min)

• Monitor tape speed for momentum shifts
  
• Watch for cross-exchange divergences
  
• Track large volume clusters
  
• Use Marker 1 for quick momentum trades
  

Day Trading (5-60 min)

• Identify accumulation/distribution phases
  
• Spot institutional positioning
  
• Confirm breakout validity with volume delta
  
• Use Marker 2 for significant imbalances
  

Swing Trading (1H+)

• Analyze volume delta trends
  
• Detect smart money rotation
  
• Time entries with order flow confirmation
  
• Use Marker 3 for institutional footprints
  

Advanced Techniques

Cross-Exchange Arbitrage Detection
When price disparities appear between exchanges:

• Immediate Opportunity: Price differences > 0.1%
  
• Bot Activity: Rapid convergence patterns
  
• Liquidity Vacuum: One exchange leading others
  

Divergence Trading Strategies
Volume delta diverging from price direction:

• Absorption: Strong hands entering (price down, delta up)
  
• Distribution: Smart money exiting (price up, delta down)
  
• Reversal Setup: Sustained divergence over multiple bars
  

Institutional Footprint Recognition
Large volume characteristics:

• Simultaneous Spikes: Same timestamp across exchanges
  
• TWAP Patterns: Consistent volume over time
  
• Iceberg Orders: Repeated same-size trades
  

Pine Script v6 Enhancements
Type Safety Improvements

Strict boolean type handling
Explicit type declarations
Enhanced error checking

Performance Optimizations
Improved request.security() function
Better memory management with arrays
Optimized table rendering

Modern Syntax Updates
indicator() instead of study()
Namespaced math functions (math.round())
Typed input functions (input.int(), input.float())

Performance Considerations
System Requirements

Real-time Data: Essential for tape operation
Multiple Security Calls: May impact performance
Array Operations: Memory intensive with high line counts
Table Rendering: CPU usage increases with tape size

Optimization Tips
Reduce tape lines for better performance
Increase volume filter to reduce noise
Disable unused markers
Use text-only coloring for faster rendering