How do I read the order book and the price chart on Lovely Legends?
The order book lists every resting order in the market: sells above, buys below, with the current spread in between. Each row shows a price, the amount available at it, and a bar whose length shows the cumulative size up to that price. The chart shows the same market as candlesticks, where each candle is one time interval's open, high, low and close, with volume underneath.
The order book
- Asks (sells) are listed above the middle, cheapest at the bottom — the lowest ask is the best price you can buy at right now.
- Bids (buys) are listed below, most expensive at the top — the highest bid is the best price you can sell at right now.
- The gap between the best bid and the best ask is the spread. A narrow spread means a liquid market; a wide one means it is thin.
- Each row shows Price, Amount and Total. The shaded bar behind a row shows the cumulative amount up to that price — how much the book can absorb before it reaches it.
Tapping a row in the order book fills that price into the order form. It is the quickest way to place a limit order at a level you can see.
The chart
Each candle covers one interval of time. Its body spans the opening and closing price for that interval, and the thin wicks reach the highest and lowest price traded within it. A candle drawn in green closed higher than it opened; red closed lower. The histogram beneath shows how much was traded in each interval.
Use the timeframe selector to change the interval each candle represents. A shorter timeframe shows more detail over less time; a longer one shows the trend.
Why does an empty-looking chart not mean it is broken?
A newly listed or very quiet market genuinely has few trades, so it has few candles to draw. A flat or sparse chart on a young market is the honest picture of a market where little has traded, not a display fault.