Understanding the "Order Book" Widget of Altrady

Introduction

The order book widget shows a list of all active buy and sell orders for a certain coin pair on a particular cryptocurrency exchange. With the help of the order book, a better understanding of the market depth for a particular cryptocurrency can be understood. The order book will show the highest and lowest bids for buy and sell orders.

In this documentation, the following areas will be covered:

How to Activate the Order Book Widget
Understanding the Values in the Order Book Widget
How to Create a Buy or Sell Order from the Order Book
How to Create an Alert Using the Order Book
How to View an Alert

How to Activate the Order Book Widget

Step - 1: To activate the order book widget, open the trading terminal of Altrady, click on the Widgets button and tick the Order Book option.




Altrady has three orientations for the Order Book widget:

Horizontal
Vertical
Responsive to Widget Size

In the widget's settings, the desired orientation can be selected:


The following window will appear, where the orientation can be selected:



Vertical orientation would display the widget as such:


Horizontal orientation would display the widget as such:


When the orientation is set to Responsive to Widget Size, the Order Book will be displayed according to the size of the widget:



There is no fixed position of the widgets as they can be populated and dragged anywhere on the interface based on the available space and the number of widgets already activated.

The widgets of Altrady can be dragged anywhere on the interface and can be organized as desired. For more information click here.

Understanding the Values in the Order Book Widget

Last Price


The Last Price indicated in the Order Book, refers to the last price that was traded for the relevant market. This is the most recent price in the market and it is the current price that is shown on the chart.

In slow moving markets, the last price is often outside of the Spread.

Spread


This is the difference between the lowest Ask (i.e. the lowest price offered in the order book for selling a coin) and the highest Bid (i.e. the highest price offered to buy a coin in the Order Book).

The larger the spread is, the more likely it is for a Market order to have large slippage (i.e. the difference between the expected price of an order and the price when the order is filled).

This is calculated with the following formula: Spread = Lowest Ask - Highest Bid. As a percentage, this is Spread = (Lowest Ask - Highest Bid) / Highest Bid.

The last price shown, is the price of the last trade.

Higher liquidity markets (i.e. markets with more trading volume), will have a lower spread, than lower liquidity markets.

Price, Sum and Amount Columns


Price: this column displays the prices of orders.

Sum: this column displays the value or cost of orders, at the corresponding price.

Amount: this column displays the number of tokens available, at the corresponding price.

Totals and Red/Green Bars


The red and green bars in the Order Book, are a visual representation of the running total at each corresponding price level. Red shows the running total of Sell orders at the corresponding price level, while green shows the running total of Buy orders at the corresponding price level.

Hovering over any of the Buy/Sell orders, will display the equivalent of the running total at the corresponding price level, in a numeric format (i.e. Total BTC/Total USDT).

How to Create a Buy or Sell Order from the Order Book

Step -1: To create a buy order, right-click on the desired price under the buying or selling column in the Order Book widget.


Step -2: Click on either Create BUY Order or Create SELL Order. This will open the Trading widget with the chosen price and a draft Limit order corresponding to the selected side:


The "Price", "Spend", and "Buy" fields can be modified as desired. All fields will need to be filled in, before the order can be placed.

Step - 3: Click on Place Order to proceed.


Step - 4: If "Auto-Confirm Orders" is disabled in the Trading widget, a dialog box will appear, asking to confirm the order. Click Confirm to place the order.


Checking the box next to "do not prompt me again" will enable "Auto-Confirm Orders" in the Trading widget.

How to Create an Alert Using the Order Book

Step - 1: To create an alert, right-click on the desired price under the buying or selling column in the Order Book widget.


Step - 2: Click on Create Alert. This will immediately and automatically create the corresponding alert, which will be shown on the chart accordingly.


The alert will also be shown on the relevant candle with a bell icon.

Step - 3: To manage and view more details regarding created alerts, this can be done from the "My Alerts" widget. To learn more about this widget, please refer to the following link: Price Alerts and Trendline Alerts (Managing Alerts)

Alerts that have been triggered, are also viewable in the notifications list.



If you still have any doubts, please feel free to chat with our customer support service.

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Related Articles

Understanding the "Trades" Widget of Altrady
Understanding the “Market Depth” Widget of Altrady

Updated on: 19/02/2025