If you are just looking at market orders that have already been executed, then level 1 is only required (eg Volumetric Bars, Cumulative Delta, VWAP, Volume Profile, Trade Detector ).
If you are looking at any tool that monitors stacking and pulling of limit orders, then level 2 is required (eg Market Depth Map).
Personally, if you are interested in Order Flow in real time, opt for Level 2 and you can see both market orders and limit orders.
People are just realizing the value of analyzing stacking an pulling away from just using the DOM, and more development of tools need to be done for level 2 for real time trading.
Robotman
Full time financial software beta tester. ~When asked what I do for a living.
I use these as a full time trader. Y.M.M.V.
Search Futures.io for other order flow traders and you will find different approaches. It could take a year or two to find yourself.
Go slow. Sim (real time or replay - not static end of day) for a year. Start with a modest account and risk little. I can't emphasize enough learning to code (hack) in C#.
Peter Davies, Founder of Jigsaw Trading, will be monitoring this thread so that he may answer any questions that you post here relating to Jigsaw Trading products and services.
Please keep in mind that some customer service/technical support issues …
Was wondering if anyone has tried these indicators. MZpack Indicators for NinjaTrader ( They look to be a combination of order flow, heatmap and profile. They have some very unique templates as well. I did an advanced search on this forum to see …
Good Luck,
Robotman
Full time financial software beta tester. ~When asked what I do for a living.
