have an account?【sign in】how to view order book on tradingview?
baringauthorTradingView is a popular platform for stock market analysis and trading. One of the features that make TradingView stand out is its order book view, which allows users to see the current state of the market and make informed trading decisions. In this article, we will walk you through the steps to view the order book on TradingView and understand its importance in stock trading.
1. Signing up for a TradingView account
To view the order book on TradingView, you first need to create an account on the platform. Visit tradingview.com and click on the "Sign Up" button in the top right corner. Complete the required fields, such as your name, email address, and password.
2. Download the TradingView App
Once you have created an account, you can download the TradingView app on your mobile device. The app is available for both iOS and Android platforms. Download the app from the app store or play store and log in with the same credentials you used for your TradingView account.
3. Find the order book on the main screen
Once you have logged in, you will see the main screen of TradingView. The order book is usually located at the top of the screen, next to the chart. To view the order book, simply click on the order book icon or toggle it on using the menu at the top of the screen.
4. Understand the order book
The order book on TradingView shows the current state of the market, including buy and sell orders, their sizes, and the current price. The order book is divided into two parts: the bid side and the ask side. The bid side shows the current price and the size of the buyers who are willing to purchase the stock at that price. The ask side shows the current price and the size of the sellers who are willing to sell the stock at that price.
5. Use the order book to make trading decisions
The order book on TradingView can be a valuable tool for stock traders. By analyzing the order book, you can determine the strength of the market, identify potential trading opportunities, and make informed decisions. For example, if the ask side of the order book is much larger than the bid side, it may indicate that the stock is overbought and a sell signal may occur. Conversely, if the bid side is much larger than the ask side, it may indicate that the stock is understated and a buy signal may occur.
Viewing the order book on TradingView can be a powerful tool for stock market traders. By understanding the order book and using it as a guide for your trading decisions, you can make more informed and profitable trades. Remember to always do your due diligence and consider multiple factors before making any trading decisions. Happy trading!