---
title: "What is market depth & how to read it?"
description: "Market depth displays the best 5 bids and offers along with additional data points like Open, High, Low, Close (OHLC), volume, circuit limits, and…"
category: arrow
subcategory: general
slug: what-is-market-depth-how-to-read-it
canonical: https://support.arrow.trade/arrow/general/what-is-market-depth-how-to-read-it/
---

# What is market depth & how to read it?

> Market depth displays the best 5 bids and offers along with additional data points like Open, High, Low, Close (OHLC), volume, circuit limits, and…

## 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.

## Related

- Browse more in [general](/arrow/general/)
- Open account: [kyc.arrow.trade](https://kyc.arrow.trade)
- Trade on Arrow: [app.arrow.trade](https://app.arrow.trade)
- Support: [support@arrow.trade](mailto:support@arrow.trade)

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Source: https://support.arrow.trade/arrow/general/what-is-market-depth-how-to-read-it/
Publisher: Arrow / iRage Broking Services LLP