Learn how to master Level 2 market data, interpret market depth, and spot price levels. Make smarter day trading decisions with Warrior Trading.

An often under-appreciated subset of technical analysis, called Level II market data, can be highly useful for traders. Level II market data shows a broader range of market orders outside of …

Level II data is unique because it shows more than just the best bid and best ask on the market. It also shows the full depth of the orders on the market, including quantities at the individual bid …

Want to learn how to interpret level 2 data? Gain all the in-depth knowledge you need by reading our complete guide.

Nov 7, 2025 · Level II quotes provide insight into Nasdaq stocks' order books, showing bid and ask prices and market participants. The three main types of market players include market …

Dec 6, 2024 · Level 2 market data provides a detailed view of open orders, revealing the bid and ask prices as well as the sizes of these orders at multiple price levels. It offers much more …

Feb 17, 2025 · Learn how to read level 2 market data to interpret market maker activity to refine your trading decisions.

Oct 17, 2023 · Learn about how level 2 market data can be used to reveal valuable market information and influence trading strategies.

Aug 28, 2025 · Level 2 market data provides a detailed view of pending buy and sell orders by gathering information from multiple exchanges and ECNs (Electronic Communication …

Feb 9, 2023 · If you’re a day trader or someone who wants to get in the weeds on the market, you probably will want access to Level 2 data. Here’s what it means, and how to know if you …