Would this indicator work if it was made by an expert?

kemaltk19
69

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.

Alexandre Borela
5055
kemaltk19:

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.

It's not possible to get the position of other traders unless you are the broker.
kemaltk19
69
kemaltk19  
Alexandre Borela # : Broker dayanacak kadar kullanışlıların durumunu mümkün değil.

it has an indicator.


Is it done by an expert?

And if it is done, what is your opinion?

Alexandre Borela
5055
kemaltk19 #:

it has an indicator.


Is it done by an expert?

And if it is done, what is your opinion?

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.