MBO MARKET BY ORDER INDICATORS
What is MBO - Market By Order:
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MBO indicator capable of displaying Level 3 data information - the most detailed order book. 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 the 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 of the NinjaTrader platform to get the most out of BOF (bestorderflow.com) indicators here: https://bestorderflow.com/user-guide