/biz/ - Business & Finance

So Jerome has been speaking and we are just ignoring it?
https://www.youtube.com/watch?v=JO1z74b0hEo&feature=emb_title

>>6660214
>I am still learning how to read these
everyone says this (>>6660277), but that's wrong. if Y was volume the graph would be jagged with peaks where the orders are
it's actually this kind of graph:
https://en.wikipedia.org/wiki/C%C3%A0dl%C3%A0g

X axis is the price.
Y axis is actually CUMULATIVE volume, starting from the center of the graph.
This means in the places where the graph is horizontal, there are very few orders.
In the places where the graph is vertical, there lots of order at that price.
Where the graph is diagonal the orders are spread uniformly.

tl;dr
if you want to judge how many orders are placed at a certain price range, look at the SLOPE of the chart at that point.