ES... some prices on the DOM with NO bids... in a world-wide market!

Um... no.

If you take your 10-lot and spread it around, it's still only 10.

 

If you spread them out over 20 pts instead of 2pts. So you wont see them all on the depth.

 

I have not seen such DOM for a while if ever - single digits on nearest bid/ask

 

The point of this thread has apparently eluded you.

 

No i was addressing the specific point that at each level the depth has shrunk.
That is inevitable when the daily ranges widen.

 

If we take what you say as true and ADR is up 10 fold, we should still get 600 by that metric. Still a 80% reduction in size right? Still seems significant to me.

 

Im currently seeing about 30 at each level on ES. What was it a month ago? Looking at my charts i see the market would spend hours stuck in 5pt range during the middle of the day back then. Things were very quiet.

 

30 is pretty generous. Many inside book levels are single digits to teens.

ATR was the metric you mentioned. Low in in Jan was ~24 for the 10 day. Up to 147 now.

 

ATR is what i use to spread out my orders. I don't know what specific vocality metric other traders use. But you have use some volatility measure. Otherwise you are going to get blown out trading the same way.

I would say the market depth is pretty good for the volatility we are seeing at the moment.

 

That was overnight at circuit breaker.