Order Book
Order Book
Order Book is an indicator that shows open trades and pending orders of retail traders in a two-sided histogram. It is used for comprehensive market sentiment analysis.
Order Book consists of two parts:
- Left side order book. It shows all pending orders, including Take Profit and Stop Losses.
- Right side order book. It shows the currently open trades of retail traders participating in the market.
By analyzing this type of data and watch the behavior of the crowd in the market. This allows you to make complete trading decisions.