Market Order Count

Overview: A market order is an order to buy or sell at the market's current best available price. Primary goal of submitting a market order is to ensure immediate execution of a trade. However, it does not guarantee a specified price. These participants are known as market takers or aggressive orders. 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 market order count is a technical analysis tool that shows the number of trades that occurred 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 market buy orders

Sell: Count of market sell orders

Total: Count of Buy Orders + Count of Sell Orders

Delta: Count of Buy Orders – Count of 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.

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