Level 2 can show you how a stock’s direction will change in the near future….

How to read level 2 market data. The easiest way to get the webull level 2 subscription is to go to “help. Level ii shows you the best bid/ask prices from each of the many different market makers. The level 2 market data provides investors with 40 levels of the best bids and offers that have been made upon a particular stock.

When they know the market makers, they can identify their biases. Level ii shows you the order book for nasdaq stocks, including the best bid and ask prices by various market makers and other market participants. Level ii data is unique because it shows more than just the best bid and best ask on the market.

Level ii market data shows multiple bid and ask prices from nasdaq for any given security so investors can better determine the availability or desire for a Investors can use level 2 data to differentiate between different market players such as retail and institutional investors. Seeing the open orders lets you make a more informed estimate about which direction the price of a stock is.

While level 1 gives you the first buyer and seller, level. To understand the market depth. However, for active traders and investors, level 2 data will provide greater market depth and insights.

Also called depth of book, level 2 includes the price book and. It also shows the full depth of displayed orders on the market, including quantities at the. Basic market data is known as level i data.

Level ii shows you who the. For example, a level 2 entry for shares of xyz corp. Use bookmap, much easier if you are new to this.