Yes, INDODAX provides an Average Price feature for crypto asset trading transactions, both for buying and selling. This feature is introduced to provide full transparency and make it easier for users to monitor the real acquisition or disposal price of assets without having to manually calculate transaction fractions. This Average Price feature is calculated automatically by the system and will be displayed immediately once your order status is Completed.
What is the Average Price Feature?
Average Price is a number that indicates the overall average acquisition price or execution value per one unit of a crypto asset from all successfully executed orders. In the crypto market mechanism (order book), a single order is often not absorbed at the same price level but is instead executed in several fractions of the buyer/seller price queue. The Average Price feature automatically calculates and summarizes all these price fractions into one final average value.
Benefits of the Average Price Feature for Users
Knowing the Real Cost Basis: Makes it easy for you to know the exact average buying or selling price as a basic reference for determining profit targets (take profit) or risk limits (stop loss).
Transparency of Multi-Level Execution Transactions: Displays the true average execution price if your order is fulfilled gradually (partial matches).
Trading Strategy Evaluation: Helps compare whether the obtained average execution price is in accordance with the target order price (limit price) you set.
How to View the Average Price on an INDODAX Account
You can check the Average Price value on every completed transaction history with the following steps:
Open the official INDODAX application or website, then log in to your account.
Go to the Transaction History (Order History / Transaction Details) menu.
Select the buy or sell transaction you want to review.
On the transaction details page, look at the Average Price row to see the average value per coin of that transaction.
You can also select the Order Filled Details menu to see an in-depth breakdown of the price queue fractions and order execution time.
For instructions on how to view your Indodax account mutation history, please follow the guide on the following page: click here.