Interactive Upgrade: OKX Launches K-Line Trading Assistant, Enhancing User Trading Efficiency and Experience

Author: OKX

Users' fingers glide across the mobile screen, and the demands for trading tools are ever-changing.

For instance, personalized tools tailored to individual needs, automated tools based on AI and big data, low-threshold tools for real-time trading, and security tools with transparency, among others. In the digital age, the evolution of trading tools is profoundly impacting the landscape and future of the cryptocurrency industry.

How to create products that are simple, beautiful, secure, and easy to use while continuously meeting users' diverse trading needs and providing a smooth experience has become an important direction for product innovation at the leading Web3 technology company OKX. A smooth user experience relies on OKX's deep understanding of user needs and meticulous attention to product details. From CEX to Wallet, OKX pays attention to every user feedback and values every user experience. By listening to users' voices, continuously improving product experiences, and driving ongoing innovation, OKX aims to create exceptional products and experiences for users.

Recently, OKX has upgraded its candlestick chart feature and officially launched the "Candlestick Trading Assistant," which supports users in conducting precise analysis through candlestick drawing tools and data indicators, while also assisting users in managing orders, positions, and other convenient operations to optimize trading efficiency and strategies. As an important and practical trading tool, the OKX "Candlestick Trading Assistant" will help users respond more calmly to market fluctuations.

OKX is one of the first exchanges in the industry to provide smooth candlestick trading assistance on its app. This article will delve into the core highlights, usage strategies, usage scenarios, and underlying technologies of the OKX "Candlestick Trading Assistant," helping users quickly understand and utilize this tool.

Common Scenarios & Tool Highlights

Alice is a short-term trader who, on a day of high volatility, discovers a great buying and selling opportunity. However, due to delays when switching between the candlestick chart and the trading page, she misses an important buying point, resulting in a 10% potential loss in her trade.

Bob is a novice trader who calculates his stop-loss position based on the candlestick chart. However, when switching to the trading page to set the stop-loss order, the page switch is not smooth, causing an interruption in his operation, and he fails to set the stop-loss in time, leading to significant losses when the market reverses.

Charlie is a contract trader who needs to frequently check the candlestick chart and place orders during intraday trading. The prolonged high-pressure environment causes him to make a mistake during a critical operation, turning a sell order into a buy order, resulting in avoidable losses.

David is an ordinary trader who believes the market is about to reverse after observing the candlestick chart. He switches to the trading page to prepare to close his position, but during the switch, the candlestick chart does not update in time. He makes a decision based on outdated information, leading to losses.

Alice's short-term trading mistake, Bob's failed stop-loss setup, Charlie's critical operation error, and David's poor decision-making… These cases reflect that in the 24/7 trading cryptocurrency market, the candlestick chart can provide a clear view of market price trends, becoming an important reference indicator for many users during trading. However, due to issues with switching steps between the candlestick chart and the trading page, users who heavily rely on candlesticks and technical indicators require a more optimized trading experience.

OKX's "Candlestick Trading Assistant" feature seamlessly integrates the trading decision-making process into the candlestick chart interface, allowing users to assist in trading in real-time while browsing the candlestick chart. By directly clicking on key positions on the candlestick chart, users can set orders and manage positions without constantly switching between the candlestick chart and the order interface, further simplifying the operation process and enhancing trading efficiency and experience, helping users respond faster to market changes.

For example, users can directly modify trading orders based on the candlestick chart using OKX's "Candlestick Trading Assistant." Additionally, the OKX "Candlestick Trading Assistant" now exclusively supports closing positions and reversing positions directly on the position line, as well as Y-axis zooming operations, allowing users to quickly adjust order positions based on market trends. The interface is clean, and the operations are smooth, providing users with a better trading experience.

Tool Analysis & Usage Guide

After placing an order, users can click the button in the upper right corner to switch to the candlestick interface, where they can perform various order operations on the candlestick chart.

Specifically, the OKX "Candlestick Trading Assistant" mainly encompasses two core functions: candlestick analysis and candlestick trading.

(1) Candlestick Trading

First, Order Line

Supports modifying order price or quantity. Users can drag the order line to the specified price level on the OKX candlestick chart interface to modify the order price or quantity. Specifically, after dragging the order line, a "Modify Order" pop-up will automatically appear, allowing users to change the price or quantity of the order. Once the "Confirm" button is clicked, the order modification will be completed.

Supports canceling orders. In focus mode, when users click the order line, they will see a "Cancel" button. After clicking this button, the system will prompt the user to confirm the cancellation of the order. Once confirmed, the cancellation request will be executed, and the corresponding order line will be removed from the chart.

Order settings or modifying take profit and stop loss. Users can set order-level take profit and stop loss (TPSL) through the order line. When dragging the take profit (TP) or stop loss (SL) button to the desired price level, a "Modify Order" pop-up will appear, allowing users to precisely adjust the take profit/stop loss price or quantity. Once confirmed, the take profit or stop loss order will be placed. For user convenience, the expected take profit/stop loss profit and loss (P&L) will be displayed directly on the TPSL line. Additionally, users can modify or cancel any existing order-level take profit and stop loss.

Second, Position Line

Supports reversing positions. Contract users can quickly switch to a reverse position by clicking the [↑↓] reverse button on the position line. After clicking [↑↓], a confirmation window containing reverse position details will pop up. Once the user confirms, the system will execute the reverse request, and the position line will reflect the new position, displaying the corresponding color.

Real-time closing. In focus mode, users will see an [x] close button. After clicking the [x] button, a confirmation window will pop up, allowing users to set the closing price and quantity. Once confirmed, the closing request will be executed. If it is a full close, the corresponding position line will be removed from the chart.

Position Take Profit and Stop Loss (TPSL). Users can directly set take profit and stop loss (TPSL) from the position line. When dragging the take profit (TP) or stop loss (SL) button to the corresponding price level, users can dynamically view the expected profit and loss (PnL). Once the take profit or stop loss is set, the expected profit and loss will be directly reflected on the TP/SL line, and any modifications to orders affecting profit and loss will also be updated on that line. Users can also directly modify or cancel the take profit and stop loss for their positions.

Third, Trading History Tracker

Trading History Tracker. Supports enabling users to view trading history directly on the candlestick chart. Additionally, OKX provides a one-click access feature to the order history page, helping users obtain more detailed historical order information.

Fourth, User Settings and Customization

Always Visible Position Line Toggle. The OKX candlestick chart supports keeping the position line always visible. For example, even if the user's entry price exceeds the Y-axis price range, the position line will remain visible on the chart. Therefore, when users click the position line, it will return to the Y-axis range, allowing users to safely set take profit and stop loss (TPSL).

Close Position Line. If users uncheck the "Show All Positions" option in the settings page, the position line will become invisible when the entry price of the user's position exceeds the Y-axis price range.

Display of Profit and Loss Value or Ratio. Users can choose to display profit and loss values or ratios on the order and position lines through the profit and loss display settings.

(2) Candlestick Analysis

In terms of candlestick analysis, OKX provides users with easy-to-use tools for precise market analysis through three dimensions: professional candlestick drawing tools, rich data indicators, and customizable display styles.

In this upgrade, OKX has added many practical features to candlestick analysis, such as new key trading data as indicators in the candlestick chart, using drawing tools in full-screen mode, and Y-axis zooming to aid precise analysis, significantly enhancing the user experience.

First, New Trading Data Indicators. Users can now access key trading data as indicators in the candlestick chart for intuitive viewing. Currently, OKX supports five different types of trading data indicators: open interest, long-short ratio of top traders' accounts, long-short ratio of top traders' positions, long-short account ratio, and active buy/sell order volume, with continuous iterations and enrichments planned for the future.

Second, Drawing Tools in Full-Screen Mode. The OKX candlestick chart now supports full-screen mode and manual Y-axis zooming, making it easier for users to draw trend lines, Fibonacci retracements, and other common drawings on the candlestick chart. More importantly, all user drawings will be saved on OKX's backend server and synchronized across all platforms, so there is no need to worry about losing any drawings or duplicating operations between the OKX app and PC.

Third, Support for Y-Axis Zooming. The OKX candlestick chart now supports manual adjustment of the Y-axis scale, helping users browse and view the candlestick chart more comfortably. Additionally, users can drag and zoom the candlestick chart to select order points more precisely, further enhancing trading accuracy. This personalized control allows users to switch between different tasks more easily and quickly.

Focusing on User Experience, OKX Promotes Smart Trading

The devil is in the details.

On one hand, OKX focuses on product details, listens carefully to user needs, and continuously enhances user experience through technological innovation. With the "Candlestick Trading Assistant," OKX further optimizes and integrates candlestick technical analysis tools and trading operations, improving the usability and convenience of the product, providing users with a smoother and more fluid trading experience. As Amazon founder Jeff Bezos said, "The user experience determines whether they will choose us again."

On the other hand, OKX continuously innovates and explores in the field of smart trading and future financial tools. By optimizing the interaction process and promoting intelligent interactions, OKX further enhances the convenience and efficiency of users using the system, making users' operations more natural and simple. For example, based on the "Candlestick Trading Assistant" feature, users can intuitively observe market trends, quickly make trading decisions, and achieve more efficient and intelligent interactions, helping users adapt quickly to market complexities.

As a pioneering force in the fintech sector, the cryptocurrency industry continuously drives innovation and development in digital asset trading. With the market maturing and user demands increasing, advanced trading tools are becoming one of the core competitive advantages of digital asset trading platforms. How to maintain technological and product leadership while balancing user needs and experiences has become a theme that every Web3 technology company needs to consider.

Users are the most sensitive and will always switch to the product with the best experience.

Disclaimer

The information provided in this article and related services is for reference only and does not constitute or should not be regarded as (i) investment advice, trading advice, or investment recommendations; (ii) an offer or invitation to buy or sell digital assets; or (iii) financial, accounting, legal, or tax advice. OKX does not guarantee the accuracy, completeness, or usefulness of such information. Digital assets (including stablecoins and NFTs) involve high risks and may depreciate or become worthless. Digital assets are not insured. Past performance does not guarantee future results. You should carefully consider whether trading or holding digital assets is suitable for you based on your financial situation, investment objectives, experience level, and risk tolerance. Please consult your legal, tax, and investment professionals regarding your specific circumstances. You are responsible for understanding and complying with applicable local laws and regulations.