Glossary ยท Derivatives
Order Book Depth
Volume of buy and sell orders at price levels near the current market price.
Definition
Order book depth measures the volume of resting buy and sell orders at price levels around the current market. Thick bids absorb sell pressure; thick asks cap rallies. Sudden shifts in depth can signal institutional positioning or upcoming moves. Spectre AI visualises real-time depth for 45+ pairs in Traders Corner.
See this concept live in Spectre AI: /traders-corner