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Depth of market (DOM)

799 bytes removed, 13:30, 9 May 2013
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Depth-of-Market window displays market depth, PnL, current positions as well as pending orders and provides one-click trading features. Entry and exit automation can be set up directly in the DOM window making it a unique and self-sufficient tool for manual trading (see [[Orders and StrategiesChart_Trading_Orders_and_Strategies]]).
MultiCharts DOM displays up to 10 levels of market depth. 10 levels is the limit, if the broker provides less data, DOM displays fewer levels of market depth.
http[[File://www.multicharts.com/img/wiki/dom/1DOM.png]] 
Ask and Bid Size is shown in Buy and Sell columns respectively.
To enable Dynamic mode right-click anywhere on the DOM window except for Buy, Price & Sell columns and control elements to see the shortcut menu and check Dynamic Price Scale.
http[[File://www.multicharts.com/img/wiki/dom/2DOM2.png]]
If Dynamic Price Scale option is disabled, DOM operates in semi-static mode.
==Selecting Broker==
To select a broker, click on the arrow next to the Broker Connection button http[[File://www.multicharts.com/img/wiki/dom/5DOM3.png ]] and select a broker from the list.
For more info see [[Broker Profiles Overview]].
==Connecting / Disconnecting Broker Profile==
When a broker is selected, click on the Broker Connection button http[[File://www.multicharts.com/img/wiki/dom/5DOM3.png ]] to connect/disconnect it. When MultiCharts is establishing the connection with the broker, the Broker Connection button is yellow. Once the connection is established, it becomes green.
You can also right-click anywhere on the DOM window except for Buy, Price & Sell columns and control elements to see the shortcut menu and click Connect / Disconnect Broker Profile.
==Selecting Account==
Select the account number in the Account Selector box http[[File://www.multicharts.com/img/wiki/dom/6DOM4.png]]
==Selecting Instrument==
Profit and Loss can be indicated in:
Dollars http[[File://www.multicharts.com/img/wiki/charttrading/5DOM5.png]], Ticks http[[File://www.multicharts.com/img/wiki/charttrading/6DOM6.png ]] and Percent http[[File://www.multicharts.com/img/wiki/charttrading/7DOM7.png]].
To change indication type, click on PnL and Current position box.
AvgEntry Price of the position is highlighted in white in Price column.
http[[File://www.multicharts.com/img/wiki/dom/9DOM8.png]]
==One-Click Order Placing==
Place Order menu allows you to place Stop, Limit and Stop-Limit orders as well as to automate certain methods of entering or exiting positions. It’s perfect for avoiding repetitive tasks, increasing your productivity and focusing on trading. Automation is especially useful when you need to apply an order pair quickly (see [[Orders and Strategies]]).
http[[File://www.multicharts.com/img/wiki/charttrading/12DOM9.png]]
Place Order menu strategies give you competitive advantage over other traders: they allow you to exit the position faster than others. They also reduce the risk of two orders execution and would be especially useful for traders who use pyramiding strategies. Each strategy is an OCO group – if one order is filled, the other is canceled.
Set order quantity by one of the following methods:
* Type in order quantity in Order Quantity box http[[File://www.multicharts.com/img/wiki/dom/10qbox.png ]] in DOM window; or:* Click the Trading Calculator button http://www.multicharts.com/img/wiki/dom/11.png.
Calculator automatically increases the current trade size setting by one, e.g. if you had 1 in order quantity field, calculator would automatically make it 2.
MultiCharts DOM indicates different order statuses with different colors.
* Order status – Sent http[[File://www.multicharts.com/img/wiki/dom/12DOM10.png]]* Order status – Submitted http[[File://www.multicharts.com/img/wiki/dom/13DOM11.png]]* Order status – Inactive (Tot Triggered) http[[File://www.multicharts.com/img/wiki/dom/14DOM12.png]]* Order status – PreCancelled, PreModified http[[File://www.multicharts.com/img/wiki/dom/15DOM13.png]]
==Order Modification==
To modify an order price, drag and drop the order marker to desired price level.
http[[File://www.multicharts.com/img/wiki/dom/16DOM14.png]]
To cancel price adjustment, press the Esc button before you release left mouse button.
If you place two or more orders of the same type at the same price level, they will be displayed as one order with the actual number of orders shown in brackets. Unlike Chart Trading panel, if you drag and drop such group of orders in DOM, all orders will be replaced.
http[[File://www.multicharts.com/img/wiki/dom/17DOM15.png]]
To modify quantity or cancel every single order in such group, right-click on the orders group in DOM to see the shortcut menu, select Modify Quantity or Cancel Order and click on the order ID. To cancel all orders in a group, click Cancel All Orders in this Cell.
If you place two or more orders of the same type at the same price level, they will be displayed one above the other showing bottom order color at the right side of the displayed order. To switch between the orders click on this color marker at the right side of the displayed order.
http[[File://www.multicharts.com/img/wiki/dom/18DOM16.png]]
http[[File://www.multicharts.com/img/wiki/dom/19DOM17.png]]
In case of Entry and Exit strategies to switch between different strategies click on the Switch button.
http[[File://www.multicharts.com/img/wiki/dom/20DOM18.png]]
http[[File://www.multicharts.com/img/wiki/dom/21DOM19.png]]
==Reverse position==
Close the position by one of the following methods:
* Click the Close button http[[File://www.multicharts.com/img/wiki/dom/22DOM20.png ]] on Chart Trading Panel;or:
* Click on the X on order/strategy marker; or:
* Right-click on the Average Entry Price highlighted in white to see the shortcut menu and select Close Position.
* Right-click the order to see the shortcut menu and select Cancel Order.
To cancel all Buy orders, click on the Cancel button http[[File://www.multicharts.com/img/wiki/dom/23DOM21.png ]] at the left of Buy Mkt button.
To cancel all Sell orders, click on the Cancel button http[[File://www.multicharts.com/img/wiki/dom/23DOM21.png ]] at the right of Sell Mkt button.
==Resizing DOM==
'''Examples'''
http[[File://www.multicharts.com/img/wiki/dom/24DOM23.png]]
To enable/disable Always Show Entire Number feature, right-click anywhere on the DOM window except for Buy, Price & Sell columns and control elements to see the shortcut menu, then check/uncheck Always Show Entire Number feature.
==Default Order Colors==
http[[File://www.multicharts.com/img/wiki/dom/25DOM24.png]]
==How to Customize DOM Colors==

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