Level 2 + Charting

Discussion in 'Sharemarket Investing Platforms, Tools & Services' started by fajji, 15th Jul, 2018.

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  1. fajji

    fajji Active Member

    Joined:
    2nd Dec, 2015
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    Location:
    Melbourne
    Hi,
    Just wondering what are some of the software(s) used by traders (intraday traders) that offer level 2 market depth as well as charting options?

    I have trialled Spark and now trialling Tradingview but trading view doesn't have complete level 2 (I think it provides level 2 if you are signed up with their broker)

    I've just started exploring this therefore cost of the software is an important factor as well.

    Thanks
     
    fajji, 15th Jul, 2018
    #1
  2. Nodrog

    Nodrog Well-Known Member

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    Nodrog, 15th Jul, 2018
    #2
  3. fajji

    fajji Active Member

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    2nd Dec, 2015
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    Melbourne
    If it helps, it's for a scalping strategy
     
    fajji, 19th Jul, 2018
    #3
  4. Alex Straker

    Alex Straker Financial Life Coach Business Member

    Joined:
    30th Oct, 2015
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    Location:
    Gold Coast, Australia
    Sadly, it's much harder to access level 2 data than it used to be. Data vendors will charge a mozza for it and also institutions can now 'hide' their orders so it's also no where near as effective as it used to be for following order flow type methods.

    BTW I advocate using charting for enhancing the investment process, not 'trading'.

    No advice.
     
    Alex Straker, 31st Jan, 2019
    #4