The intuition
Most tools watch price and volume — the result of trading. Order-flow trading watches the cause: what is resting in the book (displayed liquidity), what is being added or pulled (order-flow imbalance), and what actually executes against it (taker flow, CVD, sweeps). The edge is not a magic number; it is reading whether displayed liquidity, executed flow, and positioning agree or disagree.
The four layers
vyx exposes order flow as four readable layers, each its own signal:
- Displayed liquidity — order-book imbalance: which side is stacked, and how deep.
- Flow of changes — order-flow imbalance (OFI): bids and asks being added or pulled.
- Executed aggression — CVD, taker sweeps, and whale prints: what actually traded.
- Positioning behind it — funding and open interest: how much leverage is committed.
cvdHigh >= 100000 && imb <= -20 Every layer is a variable you can combine. cvdHigh >= 100000 && imb <= -20 is absorption — aggressive buying into an ask-heavy book; ofi >= highest(ofi, 30) && imb >= 15 is flow pushing to a fresh extreme with the book agreeing. vyx evaluates these live across 300+ Hyperliquid markets.
Order flow is context, not a crystal ball. Displayed liquidity can be spoofed and pulled, executed flow can be absorbed, and positioning can stay crowded for a long time. The disciplined use is to narrow the board to markets where the layers agree (or notably disagree), then inspect the chart — never to trade a single reading blind.
Further reading
Related
FAQ
What is order-flow trading?
Reading the live order book and the executed trades hitting it to judge pressure and intent, instead of relying on price and lagging indicators alone.
Is order flow a holy grail?
No. It is context that narrows where to look. Displayed liquidity can be spoofed and flow can be absorbed, so order flow is strongest as confluence with price and positioning, not as a standalone trigger.
How does vyx help with order flow?
It turns each order-flow layer — imbalance, OFI, CVD, sweeps, funding, open interest — into a scannable signal and ranks 300+ Hyperliquid markets by it in real time.
How do you read order flow?
Read three layers together: displayed liquidity (which side the book is stacked), executed flow (what actually trades — CVD, sweeps, prints), and whether price moves on that flow or absorbs it. Agreement is a strong read; flow without price movement is absorption. vyx surfaces all three across 300+ markets.
Is order-flow trading profitable?
Order flow is context, not a profit guarantee — it narrows where to look and shows whether a move is backed by real flow. It is strongest as confluence with price and positioning; as a standalone "signal" it is not a reliable edge. vyx is a research tool, not trade advice.
See it on the live map
Scan order-book pressure across 300+ Hyperliquid markets in real time.
Open vyx