Stabilize the market with position information: "OANDA Open Order Indicator"

This is Gogo-chan’s forest.

I tried the widely discussed indicator OANDA, the “Open Order Indicator,” that's being distributed in its campaign.

Traditional technical trading has traders decide buy or sell based on price information, but what’s groundbreaking about this indicator is that you can see how much orders exist at each price level.

Also, OANDA, a global company, displays data based not only in Japan but from around the world, which is its notable feature.

How will trading change when you incorporate position information into the price?

In the actual screen, the ratio of sell positions and buy positions is displayed in the upper left corner.

The orange and light blue bars show how many positions exist at that price level, and the lines for “thick sell orders” and “thick buy orders” indicate where positions are concentrated. The red line is the time when the position information was last updated. Position information isupdated every 20 minutes.

One of the simplest uses is to regard the “thick buy orders” as a resistance line for the yen’s appreciation, buy positions there, and close out with the “thick sell orders.”

The “thick order” line is also interesting where the values are in the fewest digits, forming rounded numbers like 00 or 50.

The astonishing Open Order Indicator that can display order information is available for a limited campaign period until January 31.