Level 2 Trading
- Indicators
- Thomas Bradley Butler
- Version: 2.0
- Updated: 30 April 2024
- Activations: 5
TRADE THE VOLUME % PRIMARLY NOT THE BID ASK. THE BID ASK IS A SEPERATE FEATURE CODED INTO CALCULATIONS AND TO SHOW FOR ADDED CONTEXT.
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Level 2 Trading indicator has multiple algorithms and helps you visualize the current bid and ask volumes on your MetaTrader chart. It's like having a quick snapshot of the buying and selling activity in the market, allowing you to understand where the pressure is building.
What It Shows
- Bid and Ask Values: The indicator displays labels showing the bid (buying) and ask (selling) volumes.
- Real-Time Updates: As the market moves, the bid and ask values update automatically, giving you a live view of the market.
Why It's Useful
- Quick Market Insights: Level 2 Trading gives you a straightforward way to gauge market sentiment. By looking at the bid and ask volumes, you can determine if the market is bullish or bearish.
- Customizable Positioning: You can place the bid and ask labels in different corners of the chart, making it easy to fit your setup.
How to Use It
- Add to Your Chart: To start using the indicator, simply add it to your Meta Trader chart.
- Monitor the Market: Once the indicator is active, keep an eye on the bid and ask labels to track market activity. This can help you make informed trading decisions.
What to Expect
- The labels for bid and ask are displayed as raw numbers, allowing you to quickly understand the current market conditions.
- The indicator is designed to be simple and easy to use, providing a clear view of the market without overwhelming you with too much information.
Level 2 Trading is an ideal tool for traders who want to stay in tune with market trends and activity without the need for complex setups. It's user-friendly and provides a clear window into the market's current state.
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