Guide
Orderbook
The orderbook panel sits below the coin list and shows the top bid and ask orders for the currently selected coin. Its main purpose is to make large orders visible at a glance. Three levels of highlighting separate ordinary orders from notable ones and from truly large ones, while the threshold that defines "large" can be set automatically or overridden for each coin individually.
What this section covers
- What the orderbook panel displays: the top bid (buy) and ask (sell) orders for the currently selected coin, including their volume in base and quote currency and their percentage distance from the current price.
- How the displayed range is limited: only orders within roughly ±5% of the current price are shown, so deep orders far from the market price are not visible.
- What the three highlighting levels mean: the first level (light background) marks orders above half the threshold, the second level (medium background) marks orders above the full threshold, and the third level (strong background) marks orders that exceed the threshold by a larger margin.
- How the threshold volume is determined: in auto mode it is extracted from the orderbook data itself; in custom mode you set a fixed number that applies as the threshold for that coin.
- How to override the threshold for one coin: click the volume cell in the orderbook row to edit the value. Press Enter to save or Escape to cancel. Use the × button to reset to auto.
- How large orders in the stacked relate to chart overlays: big orders visible in the orderbook also appear as visual markers on the chart.
- What the order distance column in the coin list shows: it reflects the percentage distance of the closest large order from the current price for that coin.
Key screens and controls
- Orderbook panel below the coin list showing bid rows (green side) and ask rows (red side) with volume and distance columns.
- A row with the third-level highlighting (strongest) next to rows with first- and second-level highlighting to show the visual contrast.
- Volume cell in edit mode with a custom threshold value being entered and the × reset button.
- Chart overlay showing the large order marker above the candles that corresponds to an order visible in the orderbook.
- Settings → Common tab with the orderbook section: volume factor, custom volume toggle, and related parameters.
Step-by-step flow
- Click a coin in the list to select it. The orderbook panel updates to show that coin's top bid and ask orders.
- Look at the highlighting to find the orders that stand out. A lightly highlighted row is above half the threshold; a medium row is above the full threshold; a strongly highlighted row is the largest.
- To see the percentage distance of an order from the current price, check the distance column in the orderbook row.
- If the automatic threshold does not match your expectation for a coin, click the volume cell to enter a custom value. Press Enter to apply.
- To reset a custom threshold back to auto, click the × button next to the volume field in that coin's row.
- To adjust how the automatic threshold is calculated globally, open Settings → Common and look at the orderbook section for the volume factor and other related parameters.
- To see the same large order on the chart, open the coin's chart. Large orders from the orderbook appear as overlay markers above the candles.
Screenshots
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Orderbook panel with three levels of order highlighting
Show the full panel with at least one row at each highlighting level so the visual difference is clear.
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Editing the custom threshold volume for a single coin
Show the volume cell in edit mode with a value entered and the × reset button visible.
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Chart with large order overlay marker
Show how a large order from the orderbook appears as an overlay marker on the chart above the candles.
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Orderbook settings in the Common settings tab
Show the threshold parameters that control how the automatic threshold is derived.
Operational notes
- The orderbook panel shows only orders within roughly ±5% of the current price. Orders outside that range are not displayed, regardless of their volume.
- A large highlighted order is a contextual signal, not a guaranteed support or resistance level. It shows where a large participant has placed a limit order at this moment.
- The automatic threshold adapts to the current orderbook data. If volume conditions change, the threshold changes too, which can cause the highlighting to shift.
- A custom threshold overrides auto for that coin. It stays fixed regardless of how the automatic threshold would have moved.
- The × reset button removes the custom threshold and returns to auto mode. There is no confirmation prompt.
- Order distance in the coin list and the orderbook threshold are related: the distance column reflects the closest large order as defined by the current threshold.
When to use it
- When you want to interpret live depth, large orders, or imbalance shown in the orderbook panel.
- When you need to understand how the orderbook differs from slower aggregated metrics.
- When the orderbook looks empty, stale, or behaves inconsistently across markets and you need to troubleshoot.
When not to rely on it
- If you only need a general platform overview or have questions about account authorisation.
- If your question is about saved drawings or workspace layout — not live market depth.
Typical interpretation mistakes
- Treating a single orderbook snapshot as a stable representation of market intent.
- Ignoring symbol data freshness, connection timeouts, and differences between data sources.
- Assuming large visible orders are equally meaningful and actionable across all exchanges and instruments.
Algorithms and formulas to understand
- How the automatic threshold volume is derived from the current orderbook data distribution
- How the three highlighting levels are calculated relative to the threshold: below half, between half and full, above full
- How the order distance column value is computed as the percentage distance from the current price to the nearest order that exceeds the threshold