> For the complete documentation index, see [llms.txt](https://docs.motivewave.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.motivewave.com/user-guide/gauges.md).
# Gauges
Gauges are used to visually display statistics or study values in a panel in the console (or desktop). These gauges are similar to the Speed Gauges study (first introduced in 5.4.0) but are not displayed on a chart and allow built-in or custom study values.
The example below shows study/statistic-based gauges inside a Gauge Panel.
To open/create a Gauges panel, click on the **+** (plus) button next to an open tab in the Console (or in a desktop) and select Gauge Panel.
The following dialog will be displayed with your existing gauge panels. Click on the Create button to create a new Gauge Panel.
The value for a gauge is computed from a single instrument although you could use a custom instrument to combine multiple instruments.
#### Statistic Gauges
The following options are available for statistics:
1. **Ticks** – Displays number of ticks that occurred over the given interval (in seconds). This is often used to gauge the speed of the market.
2. **Price** – Current price.
3. **Volume** – Traded volume over the given interval (in seconds).
4. **Bid Vol** – Volume that occurred at the Bid Price.
5. **Ask Vol** – Volume that occurred at the Ask Price.
6. **Delta Vol** – Difference between Bid/Ask Volume (Ask Volume – Bid Volume).
7. **Delta Spread** – Difference between the current Best Bid/Ask sizes (Best Bid Size – Best Ask Size).
8. **Delta DOM** – Difference between the total Bid/Ask sizes (Total Bid Sizes – Total Ask Sizes) in the Depth of Market (DOM).
#### Study Value Gauges
Study Value Gauges display a value (and recent history) from a built-in or custom study. Select/configure a study and choose the value from the study that you would like to display. For live/real time updates select the **Bar Updates** option.
Display options are available for both Study Value and Statistic Gauges under the Display tab:
