Would this indicator work if it was made by an expert?
kemaltk19:
It's not possible to get the position of other traders unless you are the broker.
Would this indicator work if it was made by an expert? May I have your comments and suggestions?
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 order books further divide into quarters, each of which displays a specific order type, such as Sell Limit, Buy Stop, Profit Sellers or Loss Buyers, etc.
By analyzing this kind of information and resorting to various patterns of the market crowd behavior, you can make complete trading decisions.
Some brokers like Oanda provide that info but it's only related to them. Even in that case, you don't know people's stop losses,
they might have open positions on other brokers that cancel their position on Oanda.
they might have open positions on other brokers that cancel their position on Oanda.
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Would this indicator work if it was made by an expert? May I have your comments and suggestions?
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:
The order books further divide into quarters, each of which displays a specific order type, such as Sell Limit, Buy Stop, Profit Sellers or Loss Buyers, etc.
By analyzing this kind of information and resorting to various patterns of the market crowd behavior, you can make complete trading decisions.