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level 2 quotes


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level 2 quotes

  #1 (permalink)
 slagzone 
round rock, tx
 
Experience: Beginner
Platform: ninjatrader
Trading: oil, gold, euro
Posts: 9 since May 2011
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does anyone know how to use level 2 quotes? and what instruments can level 2 be used on?

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  #3 (permalink)
 
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 Fat Tails 
Berlin, Europe
Market Wizard
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
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To receive level 2 quotes you need to subscribe to a data provider who supplies level 2 quotes. Kinetick, Zenfire, CQG and most of the brokerfeeds support level 2 for stocks, ETFs and futures. FOREX is a special case, where level 2 quotes are often not available or faked. Generally level 2 quotes can be used for all exchange traded instruments.

To display the level 2 quotes you have basically two options:

(1) Open a new SuperDOM, right-click on the DOM window and select properties, then set "Show Market Depth" to true.

(2) Alternatively you can display the level 2 quotes on your chart by using an appropriate indicator. You could start with one of the numerous versions of the jtRealstats indicator, see chart below.

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  #4 (permalink)
 slagzone 
round rock, tx
 
Experience: Beginner
Platform: ninjatrader
Trading: oil, gold, euro
Posts: 9 since May 2011
Thanks Given: 2
Thanks Received: 5

i'll check these out thanks

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Last Updated on October 19, 2011


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