Forex inside

Pending Buy orders

This indicator includes two lines reflecting the average values of pending Buy Limit and Buy Stop orders. Orders of both types point to readiness of Forex traders to enter long positions on a given pair. The Buy Limit level allows tracking the closest support of a given currency pair in case the rate plunges. Approaching the Buy Limit average entry point augurs a fall in the rate in the closest time.

The Buy Stop level indicates an approximate breakthrough level of a certain currency pair if a rally occurs. It means that the average price at which Buy Stop orders are placed is the one at which bulls are ready to join an ascending trend.

The indicator is only used to analyze how close the average Buy Limit and Buy Stop levels are to the current price, as the values of these orders never reach it actually.