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# Market Order Count Ratio

## Definition

The **Market Order Count Ratio** measures the **relative dominance of buy market orders versus sell market orders** by comparing the difference in their counts against their combined total. It highlights the **imbalance in the frequency of market buy and sell orders.**

$$
\textbf{Market Order Count Ratio} = \frac{\textbf{Market Order Buy Count} - \textbf{Market Order Sell Count}}{\textbf{Market Order Buy Count} + \textbf{Market Order Sell Count}}
$$

#### **Key Components:**

* **Market Order Buy Count:** The total number of **market buy orders** executed during a specific timeframe.
* **Market Order Sell Count:** The total number of **market sell orders** executed during a specific timeframe.
* **Ratio Range:** The ratio is typically **bounded between -1 and +1**, where:
  * **+1:** 100% buy order dominance (only buy orders).
  * **-1:** 100% sell order dominance (only sell orders).
  * **0:** Equal buy and sell order counts, indicating balance.