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Author Topic: order types appearing on heat maps  (Read 106 times)
perklas_nedas (OP)
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June 19, 2021, 03:41:24 PM
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Hello, a (maybe silly)question regarding heat maps in case anyone can help.

I know normally on spot exchanges above price appear limit sell orders and below price limit buy orders, but i am confused as to what orders i am seeing on derivatives exchanges heat maps.

For example above price, besides sell orders, wouldnt there be short liquidations and short stop losses which are conditional buy orders, or conditional buy orders from people trading breakouts?

So if that is the case it would be very usefull to know what kind of orders they are, sell orders above price would tend to act as resistance but conditional buy orders would tend to drive the price further up.

So my question is, do both conditional buy orders and sell orders appear on heat maps above price, and if yes is there a way to know which is which?

Thank you
Bitcoin_Arena
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June 19, 2021, 10:49:31 PM
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So my question is, do both conditional buy orders and sell orders appear on heat maps above price, and if yes is there a way to know which is which?

Thank you
By the way there are 2 types of conditional buy orders. There's conditional limit buy order and conditional market buy order at least according the bybit that I have been using. Same applies to the conditional sell orders. Conditional limit orders will obviously go to the orderbook or what you term as the heat maps while conditional market orders will get executed at market price once the trigger price is reached.

There's no way of differentiating between a conditional buy limit order and a sell limit order in the orderbook(heat maps). Both order types are quite similar with just a small difference.

Key thing to remember - Any form of limit order will always appear in the orderbook regardless how long the name is  Wink

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