DHAN Full Market Depth: A Game-Changer for Indian Traders
New Breakthrough in Market Transparency
Access to deep market insights can be a crucial advantage for traders. DHAN is revolutionizing the Indian trading landscape by introducing Full Market Depth, a feature that empowers retail traders with unprecedented access to market data. Traditionally, institutional traders have benefited from extensive market data, giving them a competitive edge, while retail traders have been limited to surface-level information. However, this disparity is now being addressed with Full Market Depth, an innovative feature that changes the way traders analyze market movements.
Understanding Market Depth
Market depth provides insights into the liquidity and supply-demand dynamics of a security. On most Indian trading platforms, retail traders can access five levels of bid and ask prices. However, this limited view does not capture the entire market picture, excluding thousands of hidden orders in the exchange’s order book.
The Institutional Advantage
Institutional traders have long had access to a broader order book, allowing them to view multiple levels of bid and ask prices beyond the standard retail trader’s scope. This information advantage helps them analyze market sentiment, anticipate price movements, and execute trades strategically. Full Market Depth aims to bridge this gap, offering retail traders a more comprehensive market view.
Advancing from 5-Level to Full Market Depth
Previously, brokers like (Zerodha, 5paisa, Upstox, Dhan) introduced 20 Market Depth, allowing traders to view up to 20 levels beyond the standard five. This helped identify major liquidity zones and pending large orders. Now, Full Market Depth goes a step further, providing access to the entire exchange order book.
What is Full Market Depth?
Full Market Depth is a pioneering feature in the Indian trading ecosystem, offering up to 200 levels of bid and ask prices directly on trading platforms. This unprecedented transparency enables retail traders to compete on a level playing field with institutional players.
Key Benefits of Full Market Depth
1. Comprehensive Order Book Access
Traders can now go beyond the Last Traded Price (LTP) and gain deeper insights into liquidity structures and trading activity.
2. Advanced Order Flow Analysis
With visibility into 200 levels of bid and ask data, traders can better understand supply and demand dynamics and anticipate price movements.
3. Improved Trade Execution
Identifying major order placements allows for more strategic trade execution, helping traders avoid high-resistance or support areas.
4. Real-Time Data for Multiple Asset Classes
Full Market Depth supports Equities, Futures, and Options on the NSE, offering valuable insights across asset classes.
5. Seamless Chart Integration
Market depth data can be overlaid on charts, enabling traders to refine strategies with real-time liquidity analysis.
Understanding Market Data Feeds: Level1, Level 2, Level 3, and TBT
Which Market Feed Powers DHAN Full Market Depth?
DHAN Full Market Depth is likely powered by a a modified TBT feed. Most brokers in India offer only Level 2 data, while DHAN Full Market Depth provides real-time access to a substantial portion of the exchange order book, offering a major advantage to traders.
How to Enable DHAN Full Market Depth?
Activating Full Market Depth is simple:
- Open your DHAN trading platform
- Navigate to User Settings
- Look for “Show Full Depth” (currently in Beta but live for all users)
- Enable the feature and click OK
- Open Depth of Market using the shortcut Shift + D
- View up to 200 levels of market depth directly on your screen
Empowering Retail Traders with Full Transparency
For years, retail traders have faced limitations due to restricted market data. DHAN Full Market Depth changes this by offering data-driven decision-making capabilities, helping traders recognize major order clusters and execute trades with confidence.
With enhanced transparency, traders can now track institutional activity, spot key liquidity zones, and avoid potential market traps.
The introduction of DHAN Full Market Depth is a transformative move for Indian traders. By offering up to 200 levels of bid-ask data, this feature enables traders to analyze liquidity zones, track order flow, and refine their strategies with precision.
For those yet to explore DHAN Full Market Depth, activating it on the DHAN trading platform will unlock a new level of market transparency and trading efficiency.
Happy Trading!
