How Do I Read the Level 2 Screen?
The Scanz Level 2 window is split into four key areas:
- The Depth Summary Window - Summarizes the level 2 data by price point
- Level 2 Data - Shows all open orders organized by price. The left side (bid) represents buyers and the right side (ask) represents sellers.
- Time and Sales - Shows all executed orders, including the execution price, time, and order size.
- Market Maker Activity Log - Tracks changes to the order book (level 2 data) and alerts users if market makers close, raise, or lower their orders.