This indicator includes two lines which reflect the average pending orders for purchase of Buy Limit type and others for buying of Buy Stop type. Both these types show that Forex market traders are ready to enter into long positions for purchasing on this pair.
The average price value of Buy Limit orders shows a nearly support level of the currency pair if the slump of exchange happens during the trades, so it is worth waiting for deceleration of drop in prices, when approaching the middle entry point of Buy Limit orders. The average price value of Buy Stop orders indicates an approximate “breaching” level of the currency pair if the rally happens during the trades. This means that the average level, at which Buy Stop orders are set up, is that one at which bulls are ready to join the ascendant trend.
Both values of average entry points of Buy Limit and Buy Stop orders never reach the current price level, as while the price is moving to one or another side, the part of pending buy orders comes into action which causes the removal of estimating average entry point of Buy Limit and Buy Stop orders. Due to this the mentioned indicator can only be used in terms of analysis how close the average level of Buy Limit or Buy Stop is located against the current price at the present moment.
In MetaTrader Terminal of InstaForex this type of statistics is available in the form of XXYYYYYYY symbol, where XX has the following meanings:
