Traders are able to view the Mark Price on their Bybit Price Chart (Purple Line) directly by using the.MXXX, Bybit Symbol, which XXX = represents the trading pair you are viewing on the chart (For example, .MBTC, .METH, .MXRP, .MEOS). Please see the photo below for reference.
It is important to note that traders will have to set the GEAR icon correctly to change the input to “High”, “Low”,"Close", and "Open" according to your open position trading direction to accurately reflect the Mark Price.
Since Mark Price is used as the trigger for liquidation, it is important to confirm if Mark Price hits the Liquidation Price by changing the source of Mark Price either from the Highest Price or the Lowest price depending on the direction.
- For a Sell/Short Position, adjust.MXXX to show “High”
- For a Buy/Long Position, adjust.MXXX to show “Low”
Conditional Orders also can be triggered using mark price. Traders are now able to have more options in doing their entry and exit strategies.
- For Entry Orders, adjust.MXXX to show “Open”
- For Exit Orders, adjust.MXXX to show “Close”