MBO Market By Order DOM for Ninja Trader
What is MBO - Market By Order:
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MBO indicator capable of displaying Level 3 data information. Level 3 provides more granular and detailed information than Level 2 data and indicators.
For example, Level 2 data provides only the total volume at the price, while Level 3 data also includes the distribution of particular orders and their position relative to the queue or execution.
For example, tracking genuine Native Icebergs without level 3 data is impossible.
Level 3 MBO Data definition:
Market by Order (MBO) provides level 3 data as an order-based data feed, allowing users to view the individual order size, order ID, and queue position for each order. This represents the highest level of granularity possible.
- Link to obtain MBO Dom indicator: https://bestorderflow.com/buy
- Link to the current coupon/discount for MBO Dom indicator
- Read more about the iceberg indicator in the How-to Guide
- More comprehensive information about MBO Market By order is in our How To User Guide
Please follow our User Guide for proper preparation, installation, and optimization NinjaTrader platform to get the most out of BOF (bestorderflow.com) indicators here: https://bestorderflow.com/user-guide