Depth of Market (what that 3rd number)

Hi guys,
Please see the below screenshot of depth of market. What is that third number (highlighted) in pink strip? What is its significance?



Thanks,
-Bunny.

Hi,
It is the number of buyers/sellers.

Ok, thanks. So the price and quantity is collective or of each buyer/seller?

The second line makes it clear for you: There are 25 individuals wanting to buy a collective of 660 units at 4980 while there is one individual wanting to sell 20 units at 4181.55

ok, thanks TT.

Have anyone of you tried using this DOM data for trading? as in entry or exits?
Also, is it possible to see where the large orders are? I mean can we see more than just the 5 best bids or asks?

Thanks.
-Bunny.

TBQ, TSQ are often misleading your judgment.

Hmm....what is depth of a market? How is it helpful for a trader?
And where do I get this info from?

Ah, nice you got TSQ/TBQ into discussion.

I have seen that both these numbers go one increasing throughout the session, but they never decrease.(this could be an error in my observation)

So what exactly does this number represent? Is it the numbers of shares in queue waiting to be bought or sold.

It cannot be the no. of shares bought or sold because if it is so, then both should be equal!

For eg: If there is an large order to buy a huge quantity to be bought but at a price much lower than the LTP,this will severely inflate the TBQ number and give a false impression that there are many buyers in queue.

http://daytrading.about.com/od/daytradingglossary/a/OrderBook.htm

You can get it in most online trading systems. In Sharekhan's trade tiger, you have to simply click upon the scrip. In Anadarthi's NESt trader X'pro, you will need to double click.

TSQ/TBQ are always misleading. for eg, nifty TBQ is 10,00,000, the 9 lak may be placed far below the cmp say 4600, which is 400 points below 5000 .
likewise the other way around.