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