# 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.

<figure><img src="/files/N3YYOC7wfn3tXbyzi88s" alt=""><figcaption></figcaption></figure>

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.

<figure><img src="/files/Cx0Yn3DZHPCVC5P0iuzg" alt=""><figcaption></figcaption></figure>

The following dialog will be displayed with your existing gauge panels. Click on the Create button to create a new Gauge Panel.

<figure><img src="/files/irtSI2yLz4Yaq00b5rV9" alt=""><figcaption></figcaption></figure>

<figure><img src="/files/ly0z4wlMkYANjKG8VGlV" alt=""><figcaption></figcaption></figure>

The value for a gauge is computed from a single instrument although you could use a custom instrument to combine multiple instruments.

#### Statistic Gauges <a href="#statistic-gauges" id="statistic-gauges"></a>

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).

<figure><img src="/files/i5gfupnA8jHgqdRkAshL" alt=""><figcaption></figcaption></figure>

#### Study Value Gauges <a href="#study-value-gauges" id="study-value-gauges"></a>

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.

<figure><img src="/files/oXowovsEMKlOATdQRIxm" alt=""><figcaption></figcaption></figure>

Display options are available for both Study Value and Statistic Gauges under the Display tab:

<figure><img src="/files/ol0QrjZkOrH51xfh4IZv" alt=""><figcaption></figcaption></figure>


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