Marks the largest resting orders in the book right now, with their size and how long they have been there.
In plain English
What it shows
- Short lines and labels at the few biggest orders in the book right now, with their size and how long each has rested.
How traders use it
- Spot big orders sitting near price and how long they have stayed.
- Watch whether they remain or disappear as price approaches.
What it does not tell you
- Orders can be pulled at any time.
- It shows the book at this moment, not a plan by any trader.
Overview
Large Resting Orders (L2) draws a short line and label at the few biggest levels in the order book.
Each label shows the size and how long the order has rested.
How it works
The tool keeps a histogram of every level size seen this session. Levels in the top 0.5 % of sizes are shown, up to 6 at a time by default. It waits until enough of the session has been seen before the top-percent size means anything.
How to use it
- Use it to see the biggest resting orders near price at a glance.
- Some traders watch whether price stops at, or trades through, these levels.
- Use the age to tell new orders from ones that have rested a long time.
These are ways some traders read it, for learning. They are not trade signals.
Settings
| Setting | Default |
|---|---|
| Top % of the session's level sizes | 0.5 |
| Show at most | 6 |
| Bid | #03c988 |
| Ask | #f23645 |
Notes and limits
- Pro: needs the full order book (Data feed L2).
- Needs the full order book (Data feed L2), which is part of Pro. Works on NQ, ES, YM, RTY, CL and GC futures (micros use their mini's book) and on crypto order books.
- Resting orders can be pulled at any time.
Education only. Not financial advice. Indicators mark what happened on the chart; they do not predict what price will do. Trading futures, forex, crypto and other markets carries a high level of risk and may not be suitable for everyone.