Order Book
paradex_orderbookAnalyze market depth and liquidity to optimize order entry and execution. Identify support/resistance levels, determine optimal limit prices, and detect order imbalances.
Instructions
Analyze market depth and liquidity to optimize order entry and execution.
Use this tool when you need to:
- Assess true liquidity before placing large orders
- Identify potential support/resistance levels from order clusters
- Determine optimal limit order prices for higher fill probability
- Detect order imbalances that might signal price direction
Understanding the orderbook is essential for effective trade execution,
especially for larger orders or in less liquid markets.
Example use cases:
- Finding the optimal limit price to ensure your order gets filled
- Estimating potential slippage for market orders of different sizes
- Identifying large resting orders that might act as support/resistance
- Detecting order book imbalances that could predict short-term price movesInput Schema
| Name | Required | Description | Default |
|---|---|---|---|
| market_id | Yes | Market symbol to get orderbook for. | |
| depth | No | The depth of the orderbook to retrieve. |
Output Schema
| Name | Required | Description | Default |
|---|---|---|---|
No arguments | |||