What is depth of market (DOM) in MT4?

In this article, we give an overview of an interesting and unique proprietary indicator for MT4. It’s the Depth Of Market (DOM)indicator transmitting data from the Order Book tool to your favorite MT4 terminal. Depth Of Market (order book) is a graphical representation of trading activity, namely, open trades, pending orders, and stop orders.

Does MT4 have a depth of market window?

While the Depth of Market window can certainly add depth to your market perspective, it’s important to be aware of its limitations within the context of MetaTrader 4: – Not Real-Time Data: Often, the data within MT4’s DOM is not in real-time and can be subject to delays.

What is depth of market in MetaTrader 4?

Depth of Market displays bid and ask prices at various levels, offering insights into market sentiment and liquidity. This guide focuses on using the Depth of Market feature in MetaTrader 4 to enhance traders’ perspectives on market activity. How do I access the Depth of Market window in MetaTrader 4?