Level2 Indicator

People think that the Level2 data provides an additional clue about the direction, which the stock will probably choose to go in the short term.

The knowledge of who stands on the ladder with requests and which way the market makers are trading could bear very important for the day trader.

Level 2 quotes allow seeing most of it and the market depth for a particular stock. In other words, it's the offer, that can put pressure on the ladder's best prices, and describes the strength of a possible drop in resistance or growth stock's rates.