uTrade AlgosThe 50 Market Depth feature provides a more detailed view of a stock’s liquidity by displaying the top 50 bids and offers at various price levels. This feature is especially useful for traders who want to make informed decisions based on a broader understanding of supply and demand dynamics.
To access the 50 Market Depth feature on the Share India app:
- Tap on the stock: Select the stock you’re interested in from the list of available securities.
- Click on “Show 50 Depth”: This option will typically be found in the stock’s details or chart view.
- View the top 50 bids and offers: The 50 Market Depth display will show you the highest 50 bids (buy orders) and the lowest 50 asks (sell orders) for the selected stock. This provides a more comprehensive picture of the market’s current sentiment and potential price movements.
By using the 50 Market Depth feature, you can:
- Gain a deeper understanding of market liquidity: Assess the availability of buyers and sellers at different price levels.
- Identify potential price movements: Observe the accumulation of buy or sell orders at certain price levels, which may indicate upcoming price changes.
- Make more informed trading decisions: Use the additional market data to develop effective trading strategies.