The quotes section displays market data items such as bid, ask, last, open, high, low,.

How to read level ii market data. Helps you understand the dom. The level 2 market data provides investors with 40 levels of the best bids and offers that have been made upon a particular stock. To open a level ii window in ninjatrader, from the control center click new > level ii.

Level 2 is a generalized term for market data that includes the scope of the bid and ask prices for given security. It also shows the full depth of displayed orders on the market, including quantities at the. Investors can use level 2 data to differentiate between different market players such as retail and institutional investors.

Level 2 quotes don’t only tell you price. Typically this data is free, or delayed at most brokers. Webull level2 market data features level2 advance, a premium data feed from nasdaq total view.

Seeing the open orders lets you make a more informed estimate about which direction the price of a stock is. When they know the market makers, they can identify their biases. Level ii shows you the best bid/ask prices from each of the many different market makers.

For example, a level 2 entry for shares of xyz corp. Basic market data is known as level i data. Use bookmap, much easier if you are new to this.

Might look something like this: The easiest way to get the webull level 2 subscription is to go to “help. Level 1 is a very simple representation of what the buyers and sellers currently have listed as their best prices.