Depth 30 provides traders a detailed view of the market, market transparency, identifies significant price levels, and executes large orders without impacting the security’s market price.

Benefits of Using Depth 30

1. Deeper Market Transparency

Standard market depth displays only the top five or ten price levels, giving a limited picture of market dynamics. Depth 30 provides access to more price levels that give a granular view of the pending buy and sell orders in an order book. This aids traders in taking informed trading decisions.

2. Identify Support and Resistance Levels

With Depth 30, you can identify resistance and support levels by analyzing the volume of buy and sell orders further away from the current price.

3. Enhanced Execution of Large Orders

When institutional traders make a large trade, it may significantly impact the security’s price. To avoid this, you can use Depth 30 to see whether the market can absorb the large order without impacting the price.

4. Advance Risk Management

Traders can identify large gaps between bids and asks at various price levels, which gives them an idea about future potential volatility. This helps them place strategic stop-loss orders and spot manipulative tactics like spoofing.

Depth 30 not only helps you mitigate risk but also enhances your trading experience.