After having understood the approach to option Greek charts, we now would start looking at some sound analytical approach to order and trade book.
Quantsapp has unique data analytics related to real time order and trade flow, (Order and Trade Book) that provides an edge to use order book data with any trading system. It helps understand the behaviour of Traders in real time by stepping into the data window which was earlier available only to institutional players. Typical prevalent order book is Best 5 participants on Bid and Ask, the proprietary algorithm of Quantsapp allows to scan the full order and trade book to enable better decision making.
Its real time order and trade book giving perspective about market mood, sudden spurts in buying emanating in specific scrips.
Real time Order and Trade Analytics can be used for Intraday Trades.
Cancelled to New Order Quantity help gauge if Buyers are faking or the break out is a real one.
There are 30+ such indicators which can be used to decipher better.
Orders – Indicates the orders received for the specified time period, eg: total orders within a minute
Orders Quantity – Indicates the quantity of orders received for the specified timeframe, eg: total order quantity within a minute
Buy Orders – Indicates the “Buy orders” received for the specified timeframe
Buy Orders Quantity – Indicates the “Buy order” quantity received for the specified timeframe
Sell Orders – Indicates the “Sell orders” received for the specified timeframe
Sell Orders Quantity – Indicates the “Sell order” quantity received for the specified timeframe