Understanding the Tradeview of Bitstamp Clone Script

Understanding the Tradeview of Bitstamp Clone Script

Crypto exchange trading has been attaining immense popularity due to its flash transactions and secure profitable nature. As the crypto market is widening quickly, most Cryptopreneurs are looking for ways to step into the global crypto market and launch their own exchanges.

Bitstamp is one of the rapid-growing trading platforms in the flourishing crypto exchange industry with massive users.

For budding entrepreneurs, it is an ideal platform to get into the crypto space and launch their exchange platform like Bitstamp based on their business plan.

In this blog, we would clearly state how the Bitstamp clone’s tradeview operates and let us explore the mechanism of trading and get comprehended by the valuable data.

What is Bitstamp Clone Script?

Bitstamp clone script is the pre-engineered software that portrays the features and components of the Bitstamp exchange. It consists of special additional features that make your trading effective and gives productive results. The advanced security features will help you offer seamless trading as users funds and stored cryptos are maintained in a cautious and risk-free manner. They can custom-make it in accordance with the core requirements.

Discover the Tradeview of Bitstamp Clone

Trade view is Bitstamp clone’s comprehensive tool for tracking and analyzing the market circumstances. It consists of a set of elements namely a trading chart, trades box, depth chart, and order book. If you get logged into the account, the tradeview also fosters an interface that allows you to place new orders and showcases an overview of your open orders.

This blog will explain how tradeview operates, giving you a glimpse into your cryptocurrency trading and investments.

Tradeview essentials

  • Tradeview is Bitstamp clone’s analytical trading interface, created for both beginners and advanced traders.
  • The trading chart displays the price movement and can be adjusted with several tools and indicators.
  • The trade box displayed the most recently occurred trades and the order book exhibits the open orders.
  • Depth charts present the visual representation of the order book.
  • Active orders enable you to place a new order and also view your open orders

Trading chart

The significant feature of tradeview is the trading chart. It is a visual representation of price movements within a particular time frame. From the left upper panel of the price, traders can switch between various time frames and they can switch over between a number of different chart types that includes candlestick charts, bar charts, and line charts. 

Because of its extreme popularity among crypto enthusiasts and its illustrative representation of price movement, the candlestick chart is the default chart type in the tradeview of Bitstamp’s clone. There are also many trading indicators to select from the upper panel. 

When turned on these indicators are shown on the chart and can be used in the technical analysis to predict the future of the market situation. The left panel of the trading chat consists of many other tools that help the trader to adjust the chart.

Trades

The trade box is situated on the left-hand side of the tradeview interface, it lists the recent trades processed by the Bitstamp clone’s trading engine that includes the purchase and the sales of cryptos. It includes three columns at first, there is the amount, which specifies the number of assets bought or sold in the trade. 

Then comes the time column which specifies the time at which the trade has been processed. At last, the price column displays the price at which the asset has been bought and sold. It is differentiated using colors, the green prices indicate purchases and the red one indicates sales.

Order book

At the bottom of the tradeview is the order book that shows all open orders that are queued up on the Bitstamp clone and have not yet been processed. On the left side, the green color-coded represents the bids while the red color represents the asks. The order book provides the amount to be traded, the value of the order, and the total sum of the entire trading.

Depth chart

Most of them would have heard about supply and demand and how the mechanism between the two determines the price of the crypto. If you need to know the current relationship between supply and demand, a depth chart would quench your mind's thrust. The depth chart displays all the limited buy and sell orders that are currently open in the order book. 

You must note that stop orders do not appear in the order book as well as in the depth chart. The depth chart consists of two lines, one for buy orders and the other for sell orders. The green line in the tradeview depth chart denotes the buy orders and the red line denotes the sell orders. These lines are drawn by plotting the dots, each of these dots represents how much can be traded up to the point. The current market price ratio is in the center between the two lines. 

The slopes of the green and red lines indicate how much money it takes to move the price of the asset. The steeper line points out that it would take more money and the flatter line points out it would take less money to move the price. Vertical green or red lines are so-called walls, which means that there are large amounts of buy and sell orders at the price where the wall stands.

Orders

The right side of the tradeview holds an interface for placing orders. Bitstamp is one of the fiat-crypto exchanges in the world, it lets users buy crypto using fiat currencies. The currently supported fiat currencies include USD, EUR, and more it also includes USD/EUR pairs available allowing you to trade fiat to fiat. 

For placing new orders you can find a list of your open orders on the Bitstamp clone software. You can change between displaying open orders for all currency pairs and open orders for the selected currency pair. 

Explore more about the Bitstamp clone script 

What Makes MetaDiac Outstand From Others?

As a prime crypto exchange development company, MetaDiac excels in building excellent crypto exchange platforms. With great experience in completing numerous blockchain and crypto exchange projects, we know how to elevate your crypto business to greater heights. 

Our team of enthusiastic developers would build customizable and scalable crypto exchange platforms focusing on security and seamless user experience. If you are interested in creating your own Bitstamp clone and are crazy about utilizing the comprehensive features and options available on the Bitstamp clone then you can make avail of our Bitstamp clone development services and solutions. 

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