Tracking Order Flow Momentum by timeframe
How we empower Order Flow Momentum tracking is with the use of a time metric on both xBids and xAsks. We offer this data globally as well as on each individual asset (globally). On our order flow information panel we provide a metric bar labeled time. Users can hover over 3 sections of the bar to see their values and soon API users will be able to pull this data with our oflow API point.
Exampe of OrderFlow panel
- There are two sides of the time table, one for buys, the other for sells.
- Each side has 3 sections : Last hour, last 6 hours and last 24 hours.
- Each section shows the amount of the orders that fell within that timeframe both by percentage of the total and as well the total value of those assets.
This chart makes it super easy to visualize when there is buy or sell momentum as we see the last hours of buys expand and often we can see the taper of momentum when the 1 hour bar starts to shrink as the 6 hour bar grows. This API data can offer traders an entire new way to watch momentum without just looking at broad volume.