FARAMARZ KOWSARI · TRADING BOOKS

Order Flow Trading Books: Footprint, DOM, CVD & Volume

Order-flow trading asks what happened inside and around the candle rather than relying only on the finished bar. This collection covers footprint charts, cumulative volume delta, DOM, Level 2 market data, volume profile, VWAP, liquidation heatmaps and related microstructure tools. Each view answers a different question: traded volume, aggressive flow, displayed liquidity, value by price, or the relationship between price and volume-weighted reference levels. The purpose of this collection is to help traders choose the correct layer of market information for the decision they are actually making.

8 books in this collection. Every cover links directly to Google Books, and each title includes a free-preview link when available.

Book cover of CRYPTO LIQUIDATION HEATMAPS by Faramarz Kowsari
Order Flow, Volume & Market Microstructure

CRYPTO LIQUIDATION HEATMAPS

Trading with Liquidation Heatmaps

Crypto Liquidation Heatmaps explains what a liquidation heatmap can and cannot tell a trader. It separates realized liquidations from model-projected liquidation levels and from ordinary order-book liquidity, then examines how heatmap providers construct estimates from leverage assumptions, price paths and incomplete public information. Bright clusters are treated as conditional stress zones rather than guaranteed magnets or future price targets.

Liquidation heatmapsProjected liquidation levelsRealized liquidationsOpen interestFunding rates
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Book cover of CVD TRADING by Faramarz Kowsari
Order Flow, Volume & Market Microstructure

CVD TRADING

Reading Cumulative Volume Delta, Order Flow, Absorption, Divergence, and Liquidity

CVD TRADING treats Cumulative Volume Delta as evidence about classified aggressive execution, not as a stand-alone prediction line. The book begins with the mechanics behind the indicator: volume versus delta, how trades are classified, how a cumulative curve is built, why session resets and anchors matter, and why two platforms can show different CVD histories. Price and CVD are then read together so the reader can distinguish confirmation from disagreement and ask the more useful question: what happened to price when aggressive buying or selling actually appeared?

Cumulative Volume Delta (CVD)Volume versus deltaTrade classificationBid and ask executionCVD construction and session resets
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Book cover of DOM Trading by Faramarz Kowsari
Order Flow, Volume & Market Microstructure

DOM Trading

Depth of Market, Order Book Liquidity, Absorption, Spoofing Awareness, and Execution

DOM Trading treats Depth of Market as a real-time view into part of the electronic auction, not as a prediction machine. The book begins by separating completed price bars from the live mechanics that produce them: resting bids and offers, passive versus aggressive participation, executed volume, spreads, tick size, queue priority, partial fills and the limits of what a single venue or data feed can reveal. The reader is taught to describe what is actually visible before assigning a bullish or bearish story, and to accept uncertainty when the order book does not support a confident conclusion.

Depth of Market (DOM)Order book and electronic auctionBid, ask, spread and tick sizeResting liquidityPassive and aggressive orders
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Book cover of Footprint Charts by Faramarz Kowsari
Order Flow, Volume & Market Microstructure

Footprint Charts

Reading Buyers and Sellers Inside the Candle

Footprint Charts expands the information hidden inside a candlestick into executed volume at price, then places that detail inside a disciplined Context → Location → Order Flow → Trigger → Risk hierarchy. It covers data-source limitations, bid × ask, delta, imbalances, absorption, exhaustion, trapped traders, delta divergence, candle POC, Volume Profile, VWAP, market structure, liquidity, volatility, reversals, breakouts, retests, invalidation, slippage, replay and backtesting without treating footprint detail as certainty.

Footprint chart anatomyOrder flowBid × AskDeltaImbalances
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Book cover of LEVEL 2 MARKET DATA EXPLAINED by Faramarz Kowsari
Order Flow, Volume & Market Microstructure

LEVEL 2 MARKET DATA EXPLAINED

From Exchange Feeds to Order Book Intelligence, Market Depth, and Real-Time Trading Decisions

LEVEL 2 MARKET DATA EXPLAINED follows market-depth information from the exchange mechanism to the trader's screen and then into a real-time analytical decision. It begins by separating last-traded price, top-of-book quotes and actual depth, then explains the limit order book, Level 1 versus Level 2 versus Level 3, Market by Price (MBP), Market by Order (MBO), venue boundaries and the invisible limits of displayed liquidity.

Level 2 market dataLimit order bookLevel 1, Level 2 and Level 3Market by Price (MBP)Market by Order (MBO)
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Book cover of Volume Bubbles Trading by Faramarz Kowsari
Order Flow, Volume & Market Microstructure

Volume Bubbles Trading

Reading Trade Size, Aggression, Delta, Absorption & Institutional Activity Through Order-Flow Bubbles

Volume Bubbles Trading develops a disciplined way to read unusually large executions without confusing visual impact with certainty. The book begins from auction mechanics and the distinction between passive liquidity and aggressive execution, then explains what a volume bubble actually represents, how bubble size can be distorted by aggregation and clustering, and why trade-size filters must be calibrated to the instrument, session and data feed. Its central rule is deliberately conservative: a bubble is evidence that execution occurred, not proof of motive, institutional identity, future direction or hidden intent.

Volume BubblesOrder-flow bubblesMarket auction mechanicsAggressive versus passive participationExecuted volume
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Book cover of Volume Profile Trading by Faramarz Kowsari
Order Flow, Volume & Market Microstructure

Volume Profile Trading

POC, VAH, VAL & Beyond

Volume Profile Trading: POC, VAH, VAL & Beyond explains how volume distributed across price can be used to describe balance, acceptance, rejection and areas where the market spent relatively more or less business. It develops the Point of Control, Value Area, VAH, VAL, high-volume nodes, low-volume nodes, thin zones and profile shapes as auction references rather than automatic support and resistance predictions.

Volume ProfilePOCVAH and VALValue AreaHVN and LVN
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Book cover of VWAP Trading by Faramarz Kowsari
Order Flow, Volume & Market Microstructure

VWAP Trading

Reading Price, Volume, Fair Value, and Institutional Intent with Session VWAP, Anchored VWAP, and Deviation Bands

VWAP Trading presents Volume Weighted Average Price as a dynamic benchmark for organizing price and volume, not as a magical support-and-resistance line or a stand-alone trading signal. The book develops a context-first way to read where price is trading relative to volume-weighted fair value, how that relationship changes through a session, and why the same touch, cross or distance from VWAP can mean very different things in a balanced auction, a directional trend or a transition between regimes. Session VWAP is treated as an evolving reference that must be interpreted together with price behavior, participation, volatility, market structure and execution conditions.

Volume Weighted Average Price (VWAP)Session VWAPAnchored VWAP (AVWAP)Deviation bandsVolume-weighted fair value
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Where this category fits in a trading education

Books for traders who want to read the auction more closely through footprint, DOM, Level 2, delta, CVD, VWAP, volume and liquidity behavior. Use this page when this subject matches a real weakness in your process; use the complete library when you need to compare several approaches before choosing what to study next.

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