The value axis for the cumulative depth chart is on the left, enumerated in [BTC]. About these bars going up and down (if there are any at the moment). They show market depth changes over the last 10 minutes. The value axis for them is on the right [BTC]. Bars on the left of the current price are bid offer changes, and on the right ask offer. 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 $, $, etc. Bitcoincharts provides real-time USD price data of the BitStamp exchange including charts, orderbook and more.
Market depth for bitcoinDepth Of Market (DOM) — TradingView
The lines on the chart are created through the use of plotting dots. Each dot on the depth chart shows how much you can trade at a given point. Bid orders are placed using dollars. On the other hand, your ask orders are done through bitcoin. You enter how many bitcoin you want to sell at a given price. To plot out the green line, or the bids, you place a dot on the horizontal access at every point.
Tally the bids at each price point or below and place a dot representing that number on the vertical axis. This represents the total dollar amount at that level. This shows in terms of bitcoin, but it is moved out so that values correspond to the USD totals on the left.
This means that you can place your cursor at any point on the Bids line and know how much you could potentially sell at a given price.
You can do the same on the Asks line. Put your cursor anywhere and know precisely how many bitcoin you can buy at a given price.
This is just the tip of the iceberg in regards to buying, selling, and trading bitcoin and other digital currencies. Subscribe to the Bitcoin Market Journal newsletter to receive weekly updates and learn more about this fascinating industry. Sign up for our newsletter below, and keep us honest. The 5-second timer is the middle icon, and you can recenter the current price immediately by clicking it .
To look at prices above or below the visible range — use your mouse wheel, drag a cell up and down, or use the navigation buttons under the row. 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 . 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.
These orders will be Limit or Stop orders by default. Logically, if you want to buy below current price it will be a Limit order, and to buy above will be a Stop . For selling — above price will be a Limit , and below is a Stop. The picture below illustrates this. If you want to turn this off, you can do so in the settings. Click the label with the number next to the DOM — this is your order label.