By Marco BösingWhat Is the Order Book (DOM)?
The order book, also known as Depth of Market (DOM), is a tabular display of all currently placed limit orders in the market. It shows the number of resting buy orders (bids) and sell orders (asks) at each price level.
The DOM reveals where liquidity is being provided and how it changes in real time. Large limit orders can act as support or resistance, while the sudden disappearance of orders (pulling) or the placing and canceling of large orders (spoofing) may indicate manipulative behavior.
Order book analysis is particularly valuable in futures markets, where all orders flow through a central exchange and provide a complete picture of available liquidity.
Read the full article: Order Book Analysis — Icebergs & Spoofing