Order Book Basics | 深度盘口基础

The order book shows all bids (buy orders) and asks (sell orders). Bid-ask spread reveals liquidity. Order book depth: thick levels provide support/resistance. A thin order book is prone to slippage and rapid moves. Watching real-time order book changes reveals institutional activity. 深度盘口显示所有买单和卖单。买卖价差揭示流动性。薄盘口容易出现滑点。

Volume Profile | 成交量分布

Volume Profile displays trading volume at specific price levels. High Volume Nodes (HVN) act as support/resistance. Low Volume Nodes (LVN) are areas where price moves quickly through, often acting as magnets. The Point of Control (POC) is the price with highest volume. 成交量分布显示特定价格水平的交易量。高成交量节点充当支撑/阻力。控制点是成交量最高的价格。

Imbalance Detection | 不平衡检测

Order book imbalance occurs when bid volume significantly exceeds ask (bullish) or vice versa (bearish). Large bid walls indicate support, large ask walls indicate resistance. Canceled orders near levels can signal fake walls — manipulation to influence price. 深度盘口不平衡发生在买单量显著超过卖单量时。大买单墙表明支撑。

CVD (Cumulative Volume Delta) | 累计成交量差

CVD tracks cumulative aggressive buying minus selling. Rising CVD with rising price = strong trend. Divergence between CVD and price = weakening momentum. CVD provides real-time insight into whether buyers or sellers are in control. CVD追踪累计主动买入减去主动卖出。CVD和价格背离=动量减弱。

Tape Reading Strategy | 盘口阅读策略

Combine order book imbalance (>2:1 bid:ask ratio) with CVD trending positive and price at support for long entries. Look for large market orders sweeping visible liquidity for confirmation. Use smaller size when spread widens or when large spoof orders appear. 将深度盘口不平衡、CVD趋势和价格在支撑位结合用于入场判断。