Trading the heatmap with DeepDom
Module 02 · The foundationsLesson 4 of 279 min🔒 Students only
DeepDom's advanced DOM
DeepDom's DOM (Depth of Market) is a vertical price ladder surrounded by execution and analysis columns. You open it through New → Book → ADV DOM, then pick the instrument. Here are the columns to know.
Placing and managing an order from the DOM
In automatic mode, the order type depends on where the mouse is:
- Left click on Bid, below price: buy limit; above price: buy stop.
- Left click on Ask, above price: sell limit; below price: sell stop.
- Right click Bid: buy market. Right click Ask: sell market.
- Managing an order: drag to move it, right click to delete it, double click to change the quantity.
OCO strategies (order cancels order) attach a profit target (limit) and a protective stop to the same entry: when one executes, the other is cancelled. Configure it once through the gear icon, then let it do its job.
Student access · free
The rest of this lesson is for students
Also in this lesson
- DOM and heatmap, the same book from two angles
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→ The color scale, to commit to memory