{commodity_code} to {currency_code} Real-Time Price Chart Explained

Mandala Exchange features a price chart that combines a representation of a digital asset’s Exponential Moving Average (EMA) with a candlestick visualization of its price history. The EMA consists of the two lines running across the chart that are formed using {commodity_name}’s historical data when paired with {commodity_name} and represent {commodity_code}’s performance for a given amount of time in terms of {currency_code}. EMAs are among the most widely used methods (in the crypto sphere as well as the world of stocks) of measuring the way a cryptocurrency is trending.

The second part of the graphic is a {commodity_name} candlestick chart. Candlestick charts are based upon the following five values:

O - open

H - high

L - low

C - close

V - volume

When looking at the chart, the rectangle figures each represent the trading activity of {commodity_code} for a single day. The candles in the middle of the chart running along the lines of the EMA illustrate the first four values measured in {commodity_name}. The ends of each vertical line mark the {commodity_name}’s high and low prices for the day. The body of the candle marks the movement between{commodity_code}’s opening and closing prices. If a candle is green, the price has increased; if red, it has decreased. The candlesticks at the base of the chart are used to display daily trading volume in terms of {currency_code}.

Trading Instruments Explained

In our trading instruments section, you will see tabs labelled with the abbreviations of different cryptocurrencies. Clicking these tabs will allow you to see what other cryptocurrencies can be traded with your selected quote currency. You will find the price of base currencies displayed along with BTC volume, which measures how much trading of the currency has been done in the past 24 hours, and change, which gauges the percentage change in price occurring over the same time period. To switch to another trading pair from {commodity_name} to {commodity_name}, just select the pair from those available in Trading Instruments.

Order Book and Market Depth Chart Explained

Below Trading Instruments is the Market Depth Chart and corresponding Order Book. The Order Book shows you all of the current orders that have been placed between {commodity_code} to {currency_code}. These are broken up into bids (people looking to buy {commodity_code}) and asks (people looking to sell {commodity_code}). On the chart you’ll find the price of the order in {commodity_name}, the amount of {commodity_name} being bought or sold and the sum of the transaction displayed in either {commodity_code} or {currency_code}.

Market Depth

This information is displayed in a more visual format above in the Market Depth Chart. The Depth Chart takes the asks and bids and stacks them on top of each other to provide an easy to understand overview of the supply and demand of {commodity_name} paired with {commodity_name}.

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