Use the exclusive tool on its own or as part of the MetaTrader Terminal to:
When it comes to technical analysis, understanding how other traders are positioned within the market can give you a good picture of overall market conditions. This is why the OANDA Order and Position Book tool shows live, real-time client data, so you can give your trading strategy an edge.
The tool is easy to use, and shows how pending orders and open positions are distributed at different price levels.
You can switch between open orders and open positions relating to one of sixteen instruments, letting you see trader sentiment on instruments such as forex CFDs and gold CFDs.
Zoom in and out of the chart, and hover over each bar to get more information:
The open orders chart shows the pending buy and sell orders of OANDA clients worldwide, arranged by price level. The bars at each price level show the proportion of buy and sell orders as a percentage of total buys and sells across all levels.
- Orange represents sell orders at specific prices (below and above the current market).
- Green represents buy orders at specific prices (below and above the current market).
The chart shows data from the last 24 hours and is updated every 30 minutes. The highlighted horizontal lines display the current price.
The chart splits into four areas which relate to buy orders below the current market (buy limit), buy orders above market (buy stop), sell orders above market (sell limit), and sell orders below market (stop orders).
The open position chart gives data from the perspective of the open positions of OANDA clients globally.
Depending on the price level on the chart, you’ll see the distribution of long and short positions held, the profitability (unrealised P&L), and the proportion of total longs and shorts across all price levels.
By seeing how OANDA’s client orders and net positions are distributed across price levels, you have an additional tool that will help analyse potential support and resistance levels at various price points.
Go even further with your technical analysis and use OANDA’s Order Book Indicator – a plugin for MetaTrader 5. The MT5 Indicator exposes OANDA traders’ orders and positions as an extra layer of information right at the MT5 Terminal Chart for your current or upcoming trade.
Get your MT5 Indicator
A straightforward and user-friendly installation method is outlined step by step in the user guide, which is provided with the installation file.
Download here.
Premium access
MT5 Premium clients receive access to all instruments accessible in their location, with data updates every 5 minutes.
Non-premium clients gain access to a limited range of currency pairings, and Order Book data is updated every 15 minutes.
Already have a live trading account? It's easy to fund your account using one of the following payment methods.
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