What Does Chart Depth Mean at Amelia White blog

What Does Chart Depth Mean. The black numbers printed on the chart represent water depth. The small numbers on a nautical chart are water depths at “mean lower low water,” which is the average depth at the lower of each day’s two low tides. However, a 2 on the chart might mean two feet, two fathoms, or two meters. As a rule of thumb, chart datum is normally the lowest you would expect the tide to fall at any given location. Each number indicates the “mean lower low water” (mllw) in an area. Nautical charts specifically depict water areas of importance. Market depth refers to the market liquidity for a security based on the number of standing orders to buy (bids) and sell (offers) at various price levels. Numbers printed on the water areas of the chart indicate the depth of the water at that spot. Things like land contours, water depths and more are included. The depths on the chart in fact refer to a imaginary level know as chart datum.

Understand the Market Depth Charts in Trading Hacker Noon
from medium.com

The black numbers printed on the chart represent water depth. Nautical charts specifically depict water areas of importance. Each number indicates the “mean lower low water” (mllw) in an area. As a rule of thumb, chart datum is normally the lowest you would expect the tide to fall at any given location. The small numbers on a nautical chart are water depths at “mean lower low water,” which is the average depth at the lower of each day’s two low tides. Things like land contours, water depths and more are included. The depths on the chart in fact refer to a imaginary level know as chart datum. Market depth refers to the market liquidity for a security based on the number of standing orders to buy (bids) and sell (offers) at various price levels. However, a 2 on the chart might mean two feet, two fathoms, or two meters. Numbers printed on the water areas of the chart indicate the depth of the water at that spot.

Understand the Market Depth Charts in Trading Hacker Noon

What Does Chart Depth Mean Nautical charts specifically depict water areas of importance. Things like land contours, water depths and more are included. Market depth refers to the market liquidity for a security based on the number of standing orders to buy (bids) and sell (offers) at various price levels. Nautical charts specifically depict water areas of importance. However, a 2 on the chart might mean two feet, two fathoms, or two meters. Numbers printed on the water areas of the chart indicate the depth of the water at that spot. The depths on the chart in fact refer to a imaginary level know as chart datum. Each number indicates the “mean lower low water” (mllw) in an area. As a rule of thumb, chart datum is normally the lowest you would expect the tide to fall at any given location. The small numbers on a nautical chart are water depths at “mean lower low water,” which is the average depth at the lower of each day’s two low tides. The black numbers printed on the chart represent water depth.

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