The Market Depth Tool helps you to quickly understand the orders and trading activity for a specific stock.
The tool includes the traditional order book table displaying all the open orders for a stock, with the buy orders on the left and the sell orders on the right. Orders are grouped by price level.
The Market Depth Tool also displays a list of recent trades on the far right side of the table. The trades are grouped by price level, with the most recent trades at the top.
The depth chart is a visual representation of the orders and it animates changes in the order book. As orders are entered, modified, cancelled, or executed, the bars will expand or contract accordingly. The animations allows you to easily see the flow of orders and how they are impacting price.
The chart also displays the auction price and volume as a blue bar during market opening and closing phases, and any intraday halts.
The Market Depth can be replayed and reviewed. The last 90 days trading activity is accessible.
Market Depth can be displayed on a consolidated or individual exchange basis.
Market depth is also displayed in a pop-up window when you hover your mouse over any code within Spark. This allows you to quickly review the market depth of a stock without changing any of your windows or screen layout.
Hover over a depth bar or bid/offer price to display the individual orders at that price level.
Hold Alt over a depth bar or bid/offer line to display the volume at and ahead of that price, and its average price and value.
Set an order age time to highlight orders in the depth chart that were entered after the set time period.
Hover over the blue auction bar to reveal details of the auction.
Set Auction Bars to display as Needles or Hidden to assist analysing the depth during busy auction phases.
Press space twice quickly to toggle freezing of the depth.
To change the default settings of the pop-up market depth window, adjust them in the Quick Popup. The depth settings in the Quick Popup will be replicated in the pop-up market depth window throughout Spark.
If you are in consolidated mode quickly switch to single market views using short-cut keys.
|. A||Only show ASX orders and trades|
|. C||Only show CXA orders and trades|
|. .||Show both ASX and CXA orders|
Green bars represent buy orders and red bars, sell orders. The height of a bar corresponds to the aggregated volume of all orders at that price level.
The light grey shaded area in the chart highlights the trading range for the day.
The three vertical blue lines represent the following
You can replay and review the market depth using the keyboard shortcut keys or the replay settings in the tool.
The last 90 days trading activity can be replayed via the Depth tool.
You can also enter dates and times directly to start a depth replay from a specific point in time. Press Space, type in a time/date, e.g. 10:25, and press Enter.
During a replay of market depth, a blue vertical line will appear on any associated stock chart indicating the current time position of the replay.
When a stock is in an auction phase a blue bar appears in the depth chart. This bar indicates the price that the auction will take place at and the expected auction volume.
During an auction the last price field throughout Spark has a light blue background. This indicates the price displayed is the Auction Price rather than the last traded price.
Auction details are also displayed at the top of the Course of Trades section of the tool.
Hover your mouse over the auction bar or last price field to show additional information about the auction.
You can see what the depth will be after the auction by choosing the Hidden Auction Bars option to hide the executing orders.
However, the Needles option allows you to see the post auction depth while also seeing the executing orders.
The thin lines will execute at auction, whereas the normal width bars show the depth after the auction.
At the auction price, the surplus is shown as a normal width bar and the thread of the executing volume on the surplus side is shown on top of it for visibility.
|Volume||Total Volume of Bids at this Price|
|Value||Total Value of Bids at this Price|
|Count||Number of Bids at this Price|
|Cum %||Percentage Volume of Bids at and above this Price|
|Cum Vol||Cumulative Volume of Bids at and above this Price|
|Cum Val||Cumulative Value of Bids at and above this Price|
|Volume||Total Volume of Offers at this Price|
|Value||Total Value of Offers at this Price|
|Count||Number of Offers at this Price|
|Cum %||Percentage Volume of Offers at and below this Price|
|Cum Vol||Cumulative Volume of Offers at and below this Price|
|Cum Val||Cumulative Value of Offers at and below this Price|
|Price||Price of Trade Break|
|Volume||Total Volume of Trades in this Price Break|
|Value||Total Value of Trades in this Price Break|
|Count||Number of Trades in this Price Break|
|Side||The proportion of Volume bought vs volume sold vs auction volume at this Price Break|
|%||Percentage Volume of this Price Break versus Total Volume Today|
The following columns appear at the top of the Course of Trades section if the stock is in an auction phase.
|Auction Price||Auction Price|
|Surplus||Surplus Volume after auction|
|%||Percentage Volume that will execute at auction versus Total Volume Today|
This menu only appears when consolidating.
|ASX||Only show order/trades executed on ASX|
|CXA||Only show order/trades executed on CXA|
|Show Bars||Show/Hide the bar chart|
|Show Table||Show/Hide the depth table|
|Show Trades||Show/Hide the trades section of the depth table|
|Thinest||Set the depth bar width to be thinest|
|Thin||Set the depth bar width to be thin|
|Normal||Set the depth bar width to be normal|
|Thick||Set the depth bar width to be thick|
Setting a cap level restricts the chart to only display depth bars within x% of either side of the current last sale price or auction price.
Depth bars are scaled against the tallest bar within the displayed range. If you deselect the Scale option, then the vertical axis maximum will be the maximum bar volume regardless of whether it's within the visible range.
Capping the bars is useful if you want to focus on the orders close to the current market price.
|+/- 1%||Cap bars at +/- 1% from current market price|
|+/- 2%||Cap bars at +/- 2% from current market price|
|+/- 5%||Cap bars at +/- 5% from current market price|
|+/- 10%||Cap bars at +/- 10% from current market price|
|+/- 25%||Cap bars at +/- 25% from current market price|
|+/- 50%||Cap bars at +/- 50% from current market price|
|Best||Show the maximum number of bars such that the prices don't overlap|
|Scale||Scale bar volumes to the maximum visible volume|
|None||Show all bars (implies no scaling)|
|Normal||Display bars that are going to be executed in the auction the as non-auction bars|
|Needles||Display bars that are going to be executed in the auction as thin lines|
|Hidden||Hide bars that are going to be executed in the auction|
|Cap Height||Cap the auction volume bar height to the maximum height of the order bars|
|Normal||Display trade bars behind orders and with the same width|
|Bright||Display trade bars behind orders and brighter and wider than normal|
|Needles||Display trades with thin lines in front of order bars|
|None||Don't aggregate bars|
|1 Cent||Aggregate bars at 1 cent intervals|
|5 Cents||Aggregate bars at 5 cent intervals|
|10 Cents||Aggregate bars at 10 cent intervals|
|20 Cents||Aggregate bars at 20 cent intervals|
|50 Cents||Aggregate bars at 50 cent intervals|
|1 Dollar||Aggregate bars at 1 dollar intervals|
The age setting allows you to highlight orders that have been entered into the market within a specified time period by making them appear bright. Orders outside of the set time will appear dulled.
You can view the time an order was entered by hovering over a depth bar or bid/offer figure in the depth table.
If you set the age to 1,2 or 5 days, all orders entered today/previous x days will be highlighted. It's not based on clock time.
|Show||Show/Hide order age on bars|
|1 Min||Highlight orders entered within last minute|
|2||Highlight orders entered within last 2 minutes|
|5||Highlight orders entered within last 5 minutes|
|10||Highlight orders entered within last 10 minutes|
|15||Highlight orders entered within last 15 minutes|
|20||Highlight orders entered within last 20 minutes|
|30||Highlight orders entered within last 30 minutes|
|Custom||Highlight orders entered after the set time for the current day. Enter the time in the box below|
|1 Hour||Highlight orders entered within last hour|
|2||Highlight orders entered within last 2 hours|
|4||Highlight orders entered within last 5 hours|
|1 Day||Highlight orders entered today|
|2||Highlight orders entered within last 2 days|
|5||Highlight orders entered within last 5 days|
|Pause||Pause the replay|
|Live||Move forward to the current time and stop replaying depth|
|Slower||Slow down depth replay|
|Faster||Speed up depth replay|
|Back||Move back in time when replaying depth|
|Forward||Move forward in time when replaying depth|
|Opening||Jump to the opening time of the day|
|Closing||Jump to the closing time of the day|
|By Time||Replay by time|
|By Event||Replay by event|
Use the Nav chart to quickly move to a specific point in time within the last 90 days.
The Nav chart plots the share price of the stock for the selected period. Click the period buttons below the chart to alter the displayed period.
The Nav chart can be expanded to take the full width of the controls by clicking the arrows in the top right corner. Click the arrows again to unexpand it.
You can set price levels and be alerted via the Alert ticker when these are met.
The set price levels are highlighted in the depth table with a pink background and in the charts with a pink line. A dashed pink line shows the alert is active. A solid pink line shows the alert has triggered.
If an alert has triggered, and therefore no longer being monitored, the price entry box will have a pink border.
See here for more about Alerts.
|Show||Show Alert levels in the depth table and nav chart|
|Low||Set the alert to trigger when price is at or below this price|
|High||Set the alert to trigger when price is at or above this price|
|New||Create a new Alert. Uses the set defaults from the main Alerts tool|
|Remove||Remove the Alert|
|Reset||Reset the Alerts so they are again active after being triggered|