Graphical view is the visualization of linked and referenced assetsrelations between assets with links and references.
You can see the graphical view of assets by clicking Graphical View on asset detail screen.
Depth is for the decide how many layer would you like to see on graph. determines the number of edges from the node. For instance: Depth 1 is A → B, depth 2 is A → B → C
Include referenced assets on graph is for the to see referenced assets on graph, un-check to see only generic linked assets.
Only this asset's references is for the to see just linked assets referenced assets of just main node asset on graph.
You need to click Regenerate Graph to see your filter changes on graph.