Depth Of Market (DOM) — TradingView (2024)

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What is Depth of Market?

Depth of Market, aka the Order Book, is a window that shows how many open buy and sell orders there are at different prices for a security. Let’s say the current price is $1, the DOM will show how many orders there are at $0.90, $1.10, etc. It’s a great tool to see where the supply and demand levels are.

How do I open DOM?

  • Connect to the account of the broker who supports Level 2 data (TradeStation, CQG, AMP, Tradovate, iBroker, HitBTC or Alor).
  • Click the DOM button on the right toolbar of the chart.
  • DOM for the current security will open.
    • If it’s empty, then the symbol you are looking at cannot be traded through the broker.

Main parts of a DOM window explained

Depth Of Market (DOM) — TradingView (1)

Cells [2] for placing an order

Bid [4] / Ask [11] Volume

Profit/Loss [12] for all open positions. By click on it, you could change view - money/pips/%

Posizion size [13]

Which data used for DOM?

The data is streamed from the broker. The data in the DOM and the chart may be slightly different since various data sources are used.

By default data is shown in a semi-static format. This means that the price rows are fixed while the price moves within the shown range. If the price moves above or below the visible range it’s recentered after 5 seconds. The 5-second timer is the middle icon [7].

Placing and changing orders

To place a market order simply click Buy Market or Sell Market. The number shows how many securities will be bought or sold, you specify that at the top of the DOM window [1]. It also syncs with the floating trading panel.

You can place orders at a specific prices To buy – click the cell at a price you want in the left column, to sell – in the right one.

If you want to place a limit order, just click in the cell next to the desired price, if you want to place a stop order, hold the CTRL button on your keyboard and click the cell you want.

You can use the right-click menu to place an order:

Depth Of Market (DOM) — TradingView (2)


By default there’s a Confirmation dialog that pops up. If you want to turn this off, you can do so in the settings.

Depth Of Market (DOM) — TradingView (3)

How to change an order

1. Click the label with the number next to the DOM – this is your order label. You can then change any settings that you like, and click MODIFY.

Depth Of Market (DOM) — TradingView (4)


2. Click and drag the order label to another price level. The same dialog will pop open.

Depth Of Market (DOM) — TradingView (5)

Marker colors and what they mean

Active “Limit Buy” and “Limit Sell” orders are green.

Depth Of Market (DOM) — TradingView (6)


Active “Stop Buy” and “Stop Sell” orders are red.

Depth Of Market (DOM) — TradingView (7)


Active “StopLimit Buy” and “StopLimit Sell” orders are yellow. The limit level of such orders is duller in color, and the Stop level is more vibrant.

Depth Of Market (DOM) — TradingView (8)

Cancelling orders

  • To cancel only one order, click the X next to the order’s label.
  • To cancel all buy orders, click the X under the blue buying column on the left[5].
  • To cancel all sell orders, click the X under the red selling column on the right[9].
  • To cancel all orders, click the CXL ALL at the bottom of the DOM window [6].

Positions and what you can do with it

If you are in a position on this symbol (you either bought or sold some), your position size [13] will be shown as a number at the top of the DOM. If you bought (in a long position) the box will be blue, and if you sold (in a short position) it will be red.

Long position (you are hoping the price will go up!)

Depth Of Market (DOM) — TradingView (9)


Short position (you are hoping the price will go down!)

Depth Of Market (DOM) — TradingView (10)


To close the position or reverse it, use the Flatten [8] or Reverse buttons at the bottom of the DOM.

Cells [2] for placing an order

Bid [4] / Ask [11] Volume

Profit/Loss [12] for all open positions. By click on it, you could change view - money/pips/%

Posizion size [13]

Which data used for DOM?

The data is streamed from the broker. The data in the DOM and the chart may be slightly different since various data sources are used.

By default data is shown in a semi-static format. This means that the price rows are fixed while the price moves within the shown range. If the price moves above or below the visible range it’s recentered after 5 seconds. The 5-second timer is the middle icon [7].

Placing and changing orders

To place a market order simply click Buy Market or Sell Market. The number shows how many securities will be bought or sold, you specify that at the top of the DOM window [1]. It also syncs with the floating trading panel.

You can place orders at a specific prices To buy – click the cell at a price you want in the left column, to sell – in the right one.

If you want to place a limit order, just click in the cell next to the desired price, if you want to place a stop order, hold the CTRL button on your keyboard and click the cell you want.

You can use the right-click menu to place an order:

Depth Of Market (DOM) — TradingView (11)


By default there’s a Confirmation dialog that pops up. If you want to turn this off, you can do so in the settings.

Depth Of Market (DOM) — TradingView (12)

How to change an order

1. Click the label with the number next to the DOM – this is your order label. You can then change any settings that you like, and click MODIFY.

Depth Of Market (DOM) — TradingView (13)


2. Click and drag the order label to another price level. The same dialog will pop open.

Depth Of Market (DOM) — TradingView (14)

Marker colors and what they mean

Active “Limit Buy” and “Limit Sell” orders are green.

Depth Of Market (DOM) — TradingView (15)


Active “Stop Buy” and “Stop Sell” orders are red.

Depth Of Market (DOM) — TradingView (16)


Active “StopLimit Buy” and “StopLimit Sell” orders are yellow. The limit level of such orders is duller in color, and the Stop level is more vibrant.

Depth Of Market (DOM) — TradingView (17)

Cancelling orders

  • To cancel only one order, click the X next to the order’s label.
  • To cancel all buy orders, click the X under the blue buying column on the left[5].
  • To cancel all sell orders, click the X under the red selling column on the right[9].
  • To cancel all orders, click the CXL ALL at the bottom of the DOM window [6].

Positions and what you can do with it

If you are in a position on this symbol (you either bought or sold some), your position size [13] will be shown as a number at the top of the DOM. If you bought (in a long position) the box will be blue, and if you sold (in a short position) it will be red.

Long position (you are hoping the price will go up!)

Depth Of Market (DOM) — TradingView (18)


Short position (you are hoping the price will go down!)

Depth Of Market (DOM) — TradingView (19)


To close the position or reverse it, use the Flatten [8] or Reverse buttons at the bottom of the DOM.

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Depth Of Market (DOM) — TradingView (2024)

FAQs

Can we see market depth in TradingView? ›

Click the DOM button on the right toolbar of the chart. DOM for the current security will open. If it's empty, then the symbol you are looking at cannot be traded through the broker.

What is the best indicator for market depth? ›

A security order book is typically used to determine market depth. Order books contain pending sell orders at various price points. Market depth charts show data for a specific asset at various prices for the bid (buy) and ask (sell).

Where can I get market depth data? ›

Zerodha is the only broker that offers 20 market depth or level 3 data with the best 20 bids and offers. To learn more, see What is the 20 market depth feature?

What is Dom market depth? ›

DOM (Depth Of Market) shows all limit orders placed but not yet executed for an instrument. The greater the number of orders in a certain price level, the greater the interest in that level. Using the DOM you can trade and then: Place or cancel an order with just one click.

Is TradingView DOM good? ›

The TradingView order book, also known as the Depth of Market (DOM), is a tool that allows you to view level 2 data and place trades. The DOM is crucial for day trading as you can place orders quickly while also seeing active orders for a particular security.

Does TradingView offer Dom? ›

When users first open the TradingView terminal, a DOM should automatically populate on the screen. However, if a DOM is not on the user's screen there are multiple ways to activate it. 1A. If a DOM is not populated on the users screen, first check the settings button next to users account as shown below.

What indicator do most traders use? ›

10 most popular indicators for trading
  • Moving Average Convergence Divergence (MACD) ...
  • Stochastic Oscillator. ...
  • Bollinger Bands. ...
  • Relative Strength Index (RSI) ...
  • Fibonacci Retracement. ...
  • Standard Deviation. ...
  • Ichimoku Cloud. ...
  • Client Sentiment. IG client sentiment provides insights into the positioning of traders in a specific market.

Which indicator has highest accuracy in option trading? ›

The values of the relative strength index indicator range from 0 to 100. The RSI value above 70 is the indication of overbought levels, whereas a value less than 30 is the indication of oversold levels. The RSI is generally preferred and is best for options on individual stocks than for indexes.

How to read market depth chart? ›

Here are the critical elements of a market depth chart:
  1. Price levels: The chart displays prices at which purchase and sell orders are placed. ...
  2. Bid and ask prices: The chart displays the bid price. ...
  3. Quantity of orders: The chart displays the purchase and sale orders at each price level.

Is market depth accurate? ›

Market depth charts do show real-time data but it comes with some limitations. For example, the tick size of the data will limit the precision based on the decimal points.

Do I need depth of market? ›

Stock Markets

In these markets, DOM provides real-time data on buy and sell orders for individual stocks, showcasing the depth at various price points. This data is crucial for understanding the liquidity and trading activity surrounding a particular stock, which can greatly influence decision-making and strategy.

How to use DOM in forex? ›

Trading in the Price DoM

To enter a trade: 1. Select the required symbol and the volume to trade from the drop-down above the Depth of Market table. When you hover over the traded amount, the order details like Pip value, trade value, commission, etc. will be calculated automatically and displayed in the pop-up.

What is the difference between level 2 and DOM? ›

The DOM shows each possible price, and how many limit buy or sell orders have been placed at that price. When a level II update is received, you can tell how many orders are in the queue at a specific price, and the DOM is updated accordingly.

What is a DOM trader? ›

The DOM Trader (Depth of Market) panel is identical to the Market Depth Ladder, with the additional ability to trade directly from the Order Book and analyze limit orders as they develop. The DOM Trader provides the same bid, ask and cumulative volume data.

How to read the depth of a market chart? ›

Here are the critical elements of a market depth chart:
  1. Price levels: The chart displays prices at which purchase and sell orders are placed. ...
  2. Bid and ask prices: The chart displays the bid price. ...
  3. Quantity of orders: The chart displays the purchase and sale orders at each price level.

How do you get deep backtesting on TradingView? ›

To start deep backtesting, add a strategy to the chart and go to the Strategy Tester. On the right, you will see a toggle to activate the Deep Backtesting mode. Then, you can select the necessary date and click Generate report.

How do I get market data from TradingView? ›

To export data from your account, click on the "Export data..." button in the broker's dropdown menu: The information from each tab is exported individually. If you click on the export button, the information will be downloaded from the selected tab in the dropdown list.

How do you use deep backtesting in TradingView? ›

How does Deep Backtesting work?
  1. Add a strategy to the chart.
  2. Make sure all settings are correct.
  3. Switch to the Deep Backtesting mode.
  4. Select the time interval on which you want to calculate and generate the report.

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