Depth Of Market

The order book drawn next to price, order by order.

4 min read

What it is

The Depth Of Market draws the order book on one side of the chart, aligned with the price axis: each book level sits at the height of its price on the candles.

  • One bar per level: buy orders (bid) in ice and sell orders (ask) in pink. Its length is the size of the level.
  • Each bar is split by orders: one segment for each order in the queue, with its size written inside.
  • Next to it, V… C…: the level’s volume and the number of orders that make it up.
  • At the top, a header: Order book · order by order; the Imbalance, which is the book’s buy volume minus its sell volume, in % (from −100 to +100), with the number of levels; and Buys/sells, the ratio between the two volumes.

We explain how to read an order-by-order book on the blog.

The levels you see depend on the book depth your data connection provides.

Adding it to the chart

In the chart bar, Indicators ▾ › More Indicators…. You’ll find it in the Order Book / DOM category. How to add and adjust an indicator is in Indicators.

Settings

Open them with the ⚙ on its row in Indicators ▾. With the default settings, the book looks the way it always has.

Depth Of Market settings panel in Forge, with the Book section open
The Depth Of Market settings, with their factory values.
SettingDefaultWhat it does
Book
Levels per side20The ones closest to price, from 1 to 50.
Hide levels with less than0 contractsSmaller levels aren’t drawn.
Bar scaleRelative to the largest level drawnOr Relative to a fixed size.
Fixed reference size100 contractsWith the fixed size, the size that fills the full width.
Position and size
Side of the chartNext to the price axisOr To the left of the chart.
Book width210 pxFrom 100 to 600 px.
Height of each bar100%Of the price cell’s height, from 10 to 100%.
Colors
Buys (bid) · Sells (ask)Ice · PinkThe bars on each side.
Separator between ordersTranslucent blackThe line between one order and the next.
Text of the buys (V… C…) · Text of the sells (V… C…)Light ice · Light pinkThe text on each side.
Number of each orderWhiteThe size written in each segment.
Highlight the largest level · Border of the largest levelNo · AmberA border on the level with the most contracts among those drawn.
Text
Split each bar by ordersYesOne segment per order.
Size of each order inside the barYesThe number in each segment.
Volume and number of orders (V… C…)YesThe text for each level.
Font size (0 = automatic, follows the zoom)AutomaticFrom 0 to 20 px.
Header
Title, strength and number of levelsYesThe book’s header: title, imbalance, levels and buy/sell ratio.
Neural
Glow (Neural theme)Yes, when addedA halo of light in the color of each line or mark, like the one on the Neural theme candles. A newly added indicator comes with it checked; the ones you already had saved don’t.
Glow intensity (%)60%From 0 to 100%.

Settings belong to each chart: changing the Depth Of Market on one chart doesn’t change it on another.

All documentation