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Depth of Market (DOM)

By LuxAlgoJun 20, 2024550 chart adds

Depth of Market (DOM) is an indicator on Vela, our next-generation charting platform, written in Pine Script®.

Depth of Market (DOM) assembles a full order-flow workstation on the chart: a price ladder showing bid, sell, buy, and ask volume, a live time & sales tape, a volume profile, cumulative depth, imbalance highlights, and up to 24 key intraday levels. Where the depth of market usually lives in a separate execution window, this tool folds it into the analysis view, and every module can be switched off, so you only pay the performance cost of what you actually use.

How to Trade the Depth of Market (DOM)?

  • Ladder volume: rows holding heavy bid or ask volume show where participation concentrates, natural anchors for support and resistance reads.
  • Profile nodes: high and low volume nodes flag the price areas that mattered most since the last reset.
  • Imbalances and buying pressure: interlevel and intralevel imbalances point to zones where supply and demand are one-sided.
  • Key levels: previous week and previous day references plus the current day's open, high, low, and middle frame the intraday map.

The time & sales panel runs beside the ladder with time, price, and order size, useful for judging how aggressively flows are hitting the book. Like the rest of the volume and order-flow tools, it rewards session-long observation rather than one-glance signals.

What the Depth of Market (DOM) Shows

Data can reset Daily or per Sessions, and the display can work in TICKS or POINTS to match the instrument's volatility. Rows, text size, and the top price are adjustable, as are the volume decimals on crypto symbols, maximum update counts, and the sizes of the Profile and Depth columns. A timezone offset aligns the time & sales tape with your local session, and the Depth module accumulates traded volume outward from the current price, buy volume on the levels above it and sell volume on the levels below.

Frequently Asked Questions

Free to use

Run it on Vela. Go further with a paid plan.

  • Up to 500 Custom Alerts, with webhook automation
  • Up to 10× the chart history of Free
  • Orderflow lookback up to full history
  • More Quant usage to customize it, plus extra usage when you need it
  • Futures data alongside crypto, stocks, forex and commodities
See plans

Also works on

TradingView
Original indicatorBuilt in-house by LuxAlgo

Run it on Vela. Make it yours with Quant.

Open this indicator free on Vela, our next-generation charting platform. Then ask Quant, our coding agent built into Vela, to retune it or turn it into a backtested strategy of your own.