Limit order indicator

[Christopher Leggit]

Hello
Am i able to get the current number of limit
Orders as they are placed and cancelled in realtime to know where the bulk of orders are sitting?

If so can a small line not much wider than the candle be plotted on the chart at the price level with the most orders waiting to be picked up?

Or is there an indicator that already does this, if it can be done?

Thank you

[NinjaTrader_ChelseaB]

Hello Christopher Leggit,

Market data doesn't really include what type of orders are resting at each price level. The Market Depth only provides a volume (number of shares) of the total orders at each price level and not a number of orders or type.

https://ninjatrader.com/support/helpGuides/nt8/onmarketdepth.htm

https://ninjatrader.com/support/helpGuides/nt8/creating_your_own_level_ii_dat.htm

https://www.investopedia.com/articles/trading/06/level2quotes.asp#:~:text=in%20the%20market.-,What%20Is%20Level%20II,-%3F

Searching the User App Share for the word depth, I stumbled on this indicator you may find interesting.

https://ninjatraderecosystem.com/user-app-share-download/update-edslevel2-indicator-nt8/

[Christopher Leggit]

thank you Chelsea