A pane showing the resting bid and ask size near price, their difference, and the change since the session start.
In plain English
What it shows
- A pane with the resting bid size and ask size within a set distance of price, and the difference between them.
- It needs the futures order book (L2), a Pro feature.
How traders use it
- Check which side has more size close to price.
- Watch how the balance changes as price moves.
What it does not tell you
- Resting orders can be pulled at any time.
- More size on one side does not mean price will move away from it.
Overview
Liquidity Balance (L2) shows how much size rests on the bid and on the ask within a set distance of price, and the difference between them.
Two size lines can be shown, together with the balance.
How it works
For every order-book snapshot it adds up the resting size within 20 ticks each side of price (by default). The pane shows bid size, ask size, their difference and how the balance has changed since the session began.
How to use it
- Use it to see which side of the book holds more size near price.
- Some traders watch the balance shift as price approaches a level.
- Compare the change since the session start with the session's direction.
These are ways some traders read it, for learning. They are not trade signals.
Settings
| Setting | Default |
|---|---|
| Depth (ticks each side of price) | 20 |
| Bid size | #03c988 |
| Ask size | #f23645 |
| Show the two size lines | On |
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 size 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.