Historical Open Orders
See how OANDA's client orders have evolved over time
Historical Order Book expands the Forex Open Orders graph to show how fxTrade's order book changes over time. This unique tool helps forex traders to visualize number of placed orders during the selected period and see how they evolve with market movements. These graphs encapsulate a huge amount of data (hundreds of thousands of orders) and therefore may be used as indicators of pressure and expectation, and support/resistance levels of forex market over time.
Net (Buy - Sell) Orders
Net (Buy - Sell) Orders Cumulative
How to Read the Graphs
Each graph uses a color palette to depict percentage* of orders** placed at different price levels around the market price (the black line). There are four graphs for each selected currency pair and time period:
- Buy Orders: shows distribution of buy orders held by OANDA clients during the period
- Sell Orders: shows distribution of sell orders held by OANDA clients during the period
- Net (Buy-Sell) Orders: shows the net distribution of buy and sell orders
- Net (Buy-Sell) Cumulative Orders: same as the net orders but adds percentages together (cumulatively) as you move away from market price
Depending on the level of darkness of an area and its location being above or below market price, various explanations of market status can be made. For example, in the Buy Orders graph, a dark green area below market price may be regarded as a support line because if the market price goes down, a significant number of buy orders placed below market will be triggered. Similarly in the Sell Orders graph, a dark red area above market price indicates a resistance line which triggers a lot of sell orders if market reaches to that level.
The Net Orders graph shows OANDA's net order book for the selected pair and time period. This graph is generated by subtracting amount of sell orders from buy orders in all corresponding price levels. Here, both green and red color palettes are used to show areas which contain more buy orders than sell orders and vice versa. This is also shown by the sign of the percentage value i.e. a negative percentage means there are more sells and than buys.
* Percentages are calculated based on maximum number of buy plus sell orders during the whole period.
** Orders consist of limit orders and Stop/Loss or Take/Profit orders on open trades.
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This is for general information purposes only - Examples shown are for illustrative purposes and may not reflect current prices from OANDA. It is not investment advice or an inducement to trade. Past history is not an indication of future performance.