Kolomiets Nazar 06.12.2016

Level2 Indicator

People think that the Level2 data provides an additional clue about the direction, which the stock will probably choose to go in the short term.

The knowledge of who stands on the ladder with requests and which way the market makers are trading could bear very important for the day trader.

Level 2 quotes allow seeing most of it and the market depth for a particular stock. In other words, it's the offer, that can put pressure on the ladder's best prices, and describes the strength of a possible drop in resistance or growth stock's rates.

As a day trader, try to act as the most important market maker in a particular stock, it usually leads to greater success. Good luck!

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22.03.2017

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falecom 24.07.2018

Hello

I would ask for an improvement.

In order for this indicator to become even better to visualize, it would be perfect if you included the visibility variation according to the size of the bar.

For example, the largest bar would have 100% visibility, while a bar half the size would have 50% visibility.

I do not know if it would have been any better. I thought of including something like this in the construction of each bar:

Visibility = (Value of the Bar / Largest Bar) * 255;

IDB = Color.FromArgb (Visibility, 000, 255, 000);

AKS = Color.FromArgb (Visibility, 255, 000, 000);

Could you help me with this change? I could not adapt the code.

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