Support Board
Date/Time: Fri, 14 Mar 2025 17:16:08 +0000
Post From: Confused about the definition of the market depth historical graph
| [2022-06-24 09:16:34] |
| User803115 - Posts: 4 |
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Hi, I'm trying to learn how to use the market depth historical graph and I'm stuck at the definition. This image (https://www.sierrachart.com/images/MarketDepthHistoricalGraph.png) from the documentation says that each "rectangle is shaded relative to the maximum market depth quantity at the price level, which occurred during the timeframe of the chart bar." Does "maximum market depth quantity" mean contracts traded? And why are there shaded rectangles higher than the high and others lower than the low of each bar if the rectangles only refer to the price levels that occur during each bar? Also, what do the different colors (yellow and blue) mean? Thank you. |