The new MetaTrader 5 trading platform Time & Sales option has been officially released. The Time & Sales feature in the Market Depth window enables users to view the real-time list of all exchange transactions.
The Time & Sales list provides in-depth trading data, including records on time, direction, price and volume of each transaction. Trade volumes are displayed as a histogram, with a color coding of different trade directions (explore the featured image).
Time & Sales provide a detailed view of trading activity on various price levels. An increasing activity of buyers and sellers can indicate the upcoming rise or fall in security prices. Trade volumes and frequency can provide an indication of the current market sentiment and emphasize the importance of individual price levels. Although the Time & Sales option is primarily used by intraday traders, it also provides useful data for long-term traders who prefer to hold their positions open for a few days. In addition to the visual analysis of Time & Sales, the featured data can be exported to a CSV file for further analysis using third-party applications, such as MS Excel.
If you are a beginner, you could check the MetaTrader 5 video guides.