OANDA Orderbook Data

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Explanatory Notes for symbols

What do you need to know about order book symbol names?

Order book symbol names consist of four parts separated by underscores (“_”). For example, EURUSD_OANDA_OBD_WO50P is composed of:

  • EURUSD: The underlying symbol name.
  • OANDA: The data source.
  • OBD: Indicates that the data is Order Book Data.
  • WO50P: The type of data.

Definitions:

  • OBS: Order Book Data Sentiment.
  • OBD: Order Book Data Derivatives.

Types of Data:

  1. WO50P: “50 Percent of Waiting Orders”. Indicates the level where 50 percent of non-executed orders are placed.
  2. OP50P: “50 Percent of Open Positions”. Indicates the level where 50 percent of open positions are located.
  3. STOPUP: Stop losses above the price line, placed by sellers.
  4. STOPDOWN: Stop losses below the price line, placed by buyers.
  5. SUPRES: Support or resistance level. If below the price, it indicates probable support; if above the price, it indicates probable resistance.
  6. OVB: Overbought level where 90 percent of buyers are at a loss.
  7. OVS: Oversold level where 90 percent of sellers are at a loss.
  8. INPROFITRATIO: The percentage of traders, both buyers and sellers, who are in profit.
  9. IPPB: “In Profit Percentage of Buyers” indicates the percentage of buyers who are in profit.
  10. IPPS: “In Profit Percentage of Sellers” indicates the percentage of sellers who are in profit.
  11. IPPTBT: The percentage of buyers in profit from the total pool of traders.
  12. IPPTST: The percentage of sellers in profit from the total pool of traders.
  13. PRICEMAGNET: An algorithmic suggestion of where the price might be pulled.
  14. TAINBUY: The amount of increase in buying activity.
  15. TAINSELL: The amount of increase in selling activity.
  16. TADEBUY: The amount of decrease in buying activity.
  17. TADESELL: The amount of decrease in selling activity.
  18. TANBUY: Net buying activity, calculated as TAINBUY minus TADEBUY.
  19. TANSELL: Net selling activity, calculated as TAINSELL minus TADESELL.
  20. TANETNET: Net trading activity, calculated as TANBUY minus TANSELL.
  21. CUMULATIVETA: Cumulative trading activity, calculated as the cumulative sum of TANETNET.
  22. OPORDER: The amount of current open orders in LOT terms that have not been executed.
  23. OPPOSITION: The amount of current open positions in LOT terms that have been executed.
  24. OBS_OANDA: Sentiment among traders using OANDA brokers.
  25. OBS_TSAVG: Sentiment calculated by TrueScale from all available sources, including news releases, Twitter (X), and other brokers.

Demo: Orderbook and Orderbook derivatives produced by TrueScale.

OANDA_orderbook_lv1_obOANDA_orderbook_lv1_ob
OANDA_orderbook_lv1_obdOANDA_orderbook_lv1_obd
OANDA_orderbook_slOANDA_orderbook_sl
OANDA_orderbook_OB_OSOANDA_orderbook_OB_OS
OANDA_orderbook_INDE_orderexecutionOANDA_orderbook_INDE_orderexecution

In the dynamic world of foreign exchange markets, staying ahead of the curve is key to success. One crucial tool that empowers traders with invaluable insights is the Forex orderbook.

At its core, the Forex orderbook unveils the heartbeat of the market, providing a real-time snapshot of buy and sell orders placed by market participants. It serves as a powerful lens through which traders can gauge the sentiment and intentions of various players, ranging from institutional investors to retail traders.

Understanding the significance of order flow is paramount in navigating the complexities of Forex trading. By closely monitoring the orderbook, traders gain a competitive edge by deciphering market dynamics, detecting potential price movements, and identifying pivotal levels of support and resistance.

Moreover, the Forex orderbook acts as a compass, guiding traders through turbulent market conditions and helping them make informed decisions based on concrete data rather than speculative guesswork. Whether you’re a seasoned trader or just dipping your toes into the Forex arena, harnessing the insights offered by the orderbook can elevate your trading strategy to new heights.

At TrueScale, we recognize the pivotal role of the Forex orderbook in empowering traders with actionable intelligence. Our platform is designed to provide seamless access to comprehensive order flow analysis tools, empowering you to stay ahead of the curve and capitalize on lucrative trading opportunities.

At Level 1, the orderbook is presented in a straightforward format, offering valuable data such as current seller’s and buyers’ positions, buy and sell orders, profit ratios, order ratios, prediction of order/profit ratios depending on 10 and 50 levels up or down move in price and many more.

At Level 2, the information is depicted through symbols on the TRUEX exchange, visible on the TradingView platform. Level 2 data includes stop-losses for buyers and sellers, possible support and resistance, overbought and oversold levels, advance profit ratios, increase and decrease in order execution, net and cumulative order execution, amount of open orders, positions and traders sentiment and many more.

For brokers, there’s an opportunity to participate in the TrueScale Brokers Transparency Program (TSBTP). TSBTP is designed to offer retail and institutional traders a clear and transparent market report.

Collaboration makes difference!

Add your Broker to our transparency program
Access level1 data

Send bugs, problems, and requests to [email protected]

Please pay attention: As new brokers will be enlisted on our website, we are moving from symbol names to fully qualified ones. This will affect the symbols' availability for a short period.

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