The indicator will allow you to:
- Identify the levels with the largest Stop Loss clusters;
- Evaluate the chances of bulls or bears to develop the “attack”;
- Distinguish false moves from the true ones;
- And much more.
The OrderBook indicator will become an indispensable assistant for any trader who practices trading against the market majority.
Many of our clients find this indicator indispensable, making it a crucial part of their market analysis toolkit.
OrderBook Indicator
The OrderBook indicator displays open trades and pending orders of retail traders as a two-sided histogram. It is used for the comprehensive analysis of market sentiment for a particular financial instrument.
The OrderBook indicator consists of two parts:
- Left-side order book, which displays all pending orders, including Take Profits and Stop Losses.
- Right-side order book, which shows currently open trades of market participants.
The left order book further divide into quarters, each of which displays a specific order type, such as Sell Limit, Buy Stop, Profit Sellers or Loss Buyers, etc.
And the right histogram of OrderBook divides buyers and sellers into those in profit and those in loss.
By analyzing this kind of information and resorting to various patterns of the market crowd behavior, you can make complete trading decisions.
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