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R StocksTrader App Multi-asset software Stocks trading platform

how to read market depth chart

A trading chart is a sequence of prices drawn over a certain time frame. On the chart, the vertical axis (the y-axis) signifies the price scale and the horizontal axis (the x-axis) represents the time scale. Prices are illustrated from left to right across the horizontal axis with the most recent price movement being the furthest right.

  • Remember that software’s past performance does not ensure future results and you may lose some or all of your invested capital.
  • A short body of a candlestick indicates little price movement and therefore less buying or selling pressure.
  • Simply said, all price action between one support and one resistance fractal is considered a price swing.
  • It’s a visual representation of outstanding sell or buys orders for an asset, at various price levels.
  • The size of the candlestick, the wick, and the colour provide you with an array of useful information.
  • Grimes has more than 20 years of experience and covers all types of trades, from breakouts to reversals of trends.

The Ask Bid Pulling and Stacking study has been reconfigured so that number of depth levels recorded and displayed is user configurable. It is now possible to select from 1 to 15 depth levels per side, rather than a fixed value of 10. There are also options in Design that can change the behaviour of the Yellow Strip. Note that selecting the Insert Blank Lines option reduces the number of options available by removing the 25%, 50% and All options. If you select this then for SETS stocks the orders are aggregated together by price. SETSqx combines a periodic electronic auction book with standalone non-electronic quote driven market making. Electronic orders can be named or anonymous and for the indicated securities order book executions will be centrally cleared.


Hardware wallets are often regarded as the most secure way to hold crypto-currency. market depth chart Storage for crypto-currency that exists purely as software files on a computer.

how to read market depth chart

Do not act on any opinion expressed here without consulting a qualified professional. I just don’t buy the whole conspiracy theory surrounding Tether and Bitfinex – it’s unbridled speculation, and it doesn’t make much sense. USDT simply isn’t necessary for any of the supposed crimes the conspiracy theorists suggest it is implicated in. That’s not to say Tether is innocent – I don’t know what they’re up to – but I find the notion that USDT has been used to inflate the price of Bitcoin to be far-fetched. I think the degree of benefit of the doubt you’re granting them is a tremendous stretch.

Day Trading and Swing Trading the Currency Market – Kathy Lien

Say, for example, that a company releases a new tablet computer. If all these tablets can’t move at the price at which they are being sold, then the price will drop. It will continue to drop until prices find a balance with what buyers are willing to pay. Conversely, if there are more buyers than there are tablets, the price will move up. Trading in Futures, Options, Foreign Currency Contracts or other Off-Exchange Products involves substantial risk of loss and is not suitable for all investors.

It’s calculated by multiplying the total number of Bitcoins in circulation by the Bitcoin price. This is a good indicator of how investors currently view Bitcoin. Join thousands of traders who choose a mobile-first broker for trading the markets. Deepen your knowledge of technical analysis indicators and hone your skills as a trader. Trends are not only classified by their direction of movement, but also by the time duration the trend is taking place, eg. There are long-term, short-term and intermediate trends that coexist and may have the same, as well as the opposite directions. They are pretty self-explanatory as they are time-based and are part of the trendline you see when reading a chart.

What is the difference between Hammer and inverted Hammer?

If you have many positions spread across several instruments and expiries, you may also want to use the new grouping settings. We can even get it to display both BTC and ETH positions by going into the cog wheel settings for this module.

Is low market cap good crypto?

Market cap is a primary measure of total value. When altcoins have a high market cap, they are usually seen as more reliable – based on the assumption that more people have invested in that cryptocurrency – and when they have a low market cap they are seen as speculative, new, and less reliable cryptocurrencies.

CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. The “wicks”, meanwhile, either come out of the rectangle at the top or the bottom. These show the highest and lowest range of prices within that day.

Cardiff City’s depth chart is now off the scale but transfer gamble needs to pay off

When you enter a value in one of these two fields the calculator populates the other for you. As the order book changes the value calculated by SharePad will also change.

Author: Felipe Erazo

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