The Order Book will show you by tick level where the traders have placed the orders at the price they are willing to trade. Not all orders are placed here but it can give an idea of the acceptance prices of a large part of the traders. This are not direct orders to the market. They are simply orders waiting to be executed when the price reaches their level. Whether they are executed or not depends on price movement. This indicator will not provide the whole information since there are many invisible orders awaiting to be executed by trading algorithms. They are placed only when the price reaches their level, instead of being publicly displayed. The indicator however can give a closer idea on where is liquidity and can give insight on where the trends can change.
Set Chart Margin
If this value is set, the chart will automatically gets a margin with the total size occupied by the order book. Makes configuration easier.
Do no reset level II
Under some circumstances the exchange will send a signal to clear the order book. With this value set that signal is ignored and the order book mantains it’s values. Can fix some issues.
Separation of text from the bars
Max Text Size
The maximum size of displayed text. If the bars become larger text size won’t grow beyond this value.
Min Text Size
Text sizes that fits the bars below this value are hidden.
Divides all values in the order book by this number to ease reading.
The font for the text of the Order Book
The color for the Bid Bars.
The color for Ask Bars.
Bid Text Color
The color for Bid Text.
Ask Text Color
The color for Ask Text.
The color for the border of the bars. Set to transparent to disable.
This is the displacement in pixels from the right edge of the chart to the order book.
Order Book Width
This is the width in pixels of the largest bar displayed in the order book.
Width in pixels of text.
Minimum Order Size
This is a filter to remove noise from the market. It will make the order book discard orders with lower volume than the value in this setting.
Maximun Order Size
This is a filter to remove orders higher than the predefined size. It is here for completness but this feature is likely to be removed from the toolkit.