Thinkorswim Hidden Size Indicator

[Diego443]

Hi traders,

I am trading momentum stocks and thought about this awesome feature to have some kind of indicator for actual size measured on the level 2 instead of showing size:1 continuously, meaning a hidden buy....

The idea of showing is to show it right next to the market maker that was left with hidden size like:

ARCA 1 (200) $1.2 --------Number in brackets represents actual size measured...


It is really annoying that we cant play around with the level 2 a bit more..



Best of greetings from Germany...

Diego

 

[Robert Morse]

Do you mean like this:Lightspeed Trader

Or this:Silexx OEMS

Or this: Sterling Trader Pro

 

[wartrace]

Hi traders,

I am trading momentum stocks and thought about this awesome feature to have some kind of indicator for actual size measured on the level 2 instead of showing size:1 continuously, meaning a hidden buy....

The idea of showing is to show it right next to the market maker that was left with hidden size like:

ARCA 1 (200) $1.2 --------Number in brackets represents actual size measured...


It is really annoying that we cant play around with the level 2 a bit more..

Diego

I don't trade equities myself but it seems as if you are using the wrong broker/data feed. As Mr. Morse points out there are brokers that provide level 2 data.

I trade the 6E futures and even the level 2 data doesn't give you a complete picture. It is very helpful but not complete. A large trader is not going to show his hand by entering his entire order on the limit. If he wants to buy he will do a refreshing order and you WILL NOT SEE IT until you notice an abnormal number of market orders hitting with no movement.

I think that "awesome indicator" you are looking for is called "the tape".