Level2 indicator

Add the Level2 indicator in Quantower to plot order book depth directly on the chart and track liquidity around price

Level2 indicator shows level2 data directly on the chart, where you can see at what level a large order volume is placed. Moreover, a trader can highlight levels that are higher than or equal to the specified value.

Level2 Indicator on the chart (Quantower platform)

Settings of the Level2 indicator

Pin to price scale — assigns the indicator to the price scale and shows exactly at what price the corresponding level2 volume is located.

Histogram width, % — defines the size of the width of the area to display the indicator

Filter 1, Filter 2, Filter 3 — allows you to highlight the level with the necessary color if its value exceeds the set value.

Filters in Level2 indicator