Limit Order Count

Overview Limit Order is an order to buy or sell a security at a specified price. Primary goal of submitting a limit order is to ensure price however execution of your trade is not guaranteed. These participants are known as market makers or passive order. Market and limit orders are constantly being placed at all times during market hours. Studying executed orders can help users understand activity at different price levels whereas resting orders can help identify future potential interest. In this section we will be focusing on executed orders (orderflow). For more information on resting orders you can look at our Orderbook section. Indicator Description: The limit order count is a technical analysis tool that shows the number of limit trades that got executed during a specific time period (candlestick). You can access the indicator on the Main Chart product under the Orderflow & Open Interest.

This indicator can we filtered by the the count of buy trades, sell trades, total trades, and delta during the time period. Buy: Count of executed limit buy orders Sell: Count of executed limit sell orders Total: Count of executed limit Buy Orders + Count of executed limit Orders Delta: Count of executed limit Buy Orders – Count of executed limit Sell Orders This indicator can be key understanding market sentiment and is an additional way to breakdown buyer and seller activity:

• Identifying periods of high trading activity can indicate a potential reversal, a strong support/resistance zone, and other market movements.

• High limit order count can possibly indicate areas of high slippage if combined with high market order size