MetaTrader5 is all about its transparency. With the newly updated version, you can see the market depth with “Time & Sales” option.
MetaQuotes has announced that on last Friday, the new MetaTrader 5 trading platform build 1375 with the Time & Sales option was officially released.
This Time & Sales feature in the Market Depth window enables users to view the real-time list of all exchange transactions. It is a new tool for analyzing exchange markets.
What is this Time & Sales?
Time & Sales provide a detailed view of trading activity on various price levels. An increasing activity of buyers and sellers can indicate the upcoming rise or fall in security prices.
Trade volumes and frequency can provide an indication of the current market sentiment and emphasize the importance of individual price levels.
Although the Time & Sales option is primarily used by intraday traders, it also provides useful data for long-term traders who prefer to hold their positions open for a few days.
In addition to the visual analysis of Time & Sales, the featured data can be exported to a CSV file for further analysis using third-party applications, such as MS Excel.
How Time & Sales can help you understand the market
The Time & Sales feature provides tools for a more detailed market analysis.
The trade direction suggests who has initiated the trade: the buyer or the seller. The volume of trades allows traders to understand the behavior of market participants: whether the trades are performed by large or small market players, as well as estimate the activity of the players.
The trade execution speed and the volume of trades on various price levels help traders to estimate the importance of the levels.
If you want to evaluate the new functionality, open a demo account with MetaQuotes-Demo and updated your MetaTrader 5.
Your broker’s platform should be updated to version 1375, in order to enable proper operation of Time & Sales on live accounts.
Start using the Time & Sales option now, and take full advantage of the MetaTrader 5 exchange trading capabilities!