Short answer

Market depth displays the best 5 bids and offers along with additional data points like Open, High, Low, Close (OHLC), volume, circuit limits, and current price of an instrument.

How to view market depth

Arrow app

Tap on the instrument.

Scroll up.

Arrow web

Hover over an instrument in the watchlist and click on the Market Depth icon

Alternatively, use the up and down arrow keys to select the instrument and press D on the keyboard

The following details are displayed in the market depth:

Qty : This column displays the quantity available for buying or selling at a particular price.

Orders : This column displays the number of orders pending at that particular price on the exchange.

Open : This column displays the open price for the day.

High : This column displays the highest price for the day.

Low : This column displays the lowest price for the day

Prev. Close : This column displays the closing price of the previous day

Volume : This column displays the total number of shares bought or sold during the trading day.

Avg. Price : This column displays the average trading price of a stock at a given time during the day. It is also called Volume Weighted Average Price (VWAP).

LTQ : This column displays the last traded quantity.

LTT : This column displays the Last traded time.

Expiry : This column displays the expiry date for derivative contracts.

Lower Circuit and Upper Circuit : This column displays the circuit limit. It is the price range within which the stock can be traded for that day.

OI: This column displays the open interest in that particular contract.

Did you know? iRage is the only broker that offers 20 market depth or level 3 data with the best 20 bids and offers.