Indicator based on the Level 2?

J

jcga1981

Member
Hello, is there an indicator that transfers the information from level II? I am looking for an indicator to help me complement the av volume to confirm the strength or intention of the movement
 
Prison Mike

Prison Mike

Member
@BenTen

Was wondering if it’s possible to pull data from level 2 and use it in a study?

Although I trade options I have been reading a lot about accumulation/distribution levels in forex. The idea would be to find market makers intent through level 2 data.

For instance, within a zone/level/consolidation study L2 would be aggregated to find if MM are buying/selling, so the trader will know which way the MM want to drive the price.

If I’m over complicating or there is a simpler solution/indicator it let me know.

Thanks
 

Similar threads

Top