What is Level 2 Data on ThinkorSwim | Time & Sales and Level 2

Today we’ll be quickly covering Level II and Time & Sales within ThinkorSwim. These two tools will let us get a better look at a stocks liquidity and supply and demand in real time.
Level 2 is essentially the order book. It’s simply a list of all the open orders out there to buy and sell the stock right now. Time and sales on the other hand is a list of all the trades that have already filled and the prices they filled at.
Timestamps
0:00 Intro to Level 2 & Time/Sales
1:07 How to Add Level 2
2:54 Add Level 2 to Side Panel
3:54 Level 2 Explained
8:03 Time and Sales Explained
9:03 How it can be used
11:59 Outro
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[@shortthestrike]

Consider hitting the LIKE button if you found this helpful!

[@rocket5208]

I get carried away easily when trying to follow educational material, not for lack of desire. This person is doing a superb job explaing, everytime I catch myself getting carried away, I get pulled back instantly. The different examples, coupled with the flow, the tember, delivery, and to the point info is talented.

[@bencamp6522]

Great explanation and walkthrough. Thank you. Looking forward to the bookmap video

[@DerkMiester]

Thank you for this one! I've been confused about these tools for a while now!

[@minemoney4us]

Great video bro, really love your support and teaching to the community.

[@D.Mill_]

Excellent video. Thank you for all your teaching

[@spbizzy_]

You are awesome!!! This video was so informative. I can’t believe it! Thank you.

[@lemguntur]

Another great video !! This is helpful.

[@manny9800]

Awesome video,very informative for think or swim.

[@rolandrojas8473]

EXCELLENT VIDEO !!!

[@ShoresOfHelll]

thanks for the amazing video.

[@D.Mill_]

Consider doing a video on options scalping using L2 and Time & Sales info. Possibility showing when to enter and exit the scalp with “live” on demand

[@mariomujica3339]

AWESOMEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE

[@nursenasdaq]

Thank you!

[@jherc135]

As always, very informative. Aloha....J

[@vision1707]

Thank you

[@chadjennings4810]

Great video! What are the differences in red and green color of the numbers on the bid/ask on level 2?

[@brotherinlaw0215]

Great Video!!!! Can you do a video on Hot keys?

[@michaelclancy7874]

Thank you for making these videos. Any idea on how to close Level 2 quotes and time & sales?Idont need them and could use the real estate. Thx Mike

[@jherc135]

I watch this video again...great stuff. Rookie question here! I heard in another video if there's a large ask #, it's likely the stock will go up. I'm a bit confused by this...can provide a quick correlation between high BID vs high ASK orders? High BID # normally means______. I've been watching level II recently and I'm not able to make the correlation. Cheers, J

[@heavenbound78]

why is my sell side on the left and buy is on the right, interesting

[@Key.J.]

Is it possible, could you do a tutorial on Level 2 data on TOS Mobile, and charting on TOS Mobile. That would be great ❤

[@jekyllandhyde516]

I don't know how to use it so could you please make a video using these tools in ondemand. Thank you.

[@nycbankers1427]

So please explain this if an order comes in times and sales in red prints it could mean two things someone bought the offer and at that price ? And if some green prints come on the time and sales someone sold the bid ?

[@theplayerschannel6589]

So if it’s a series of Red sells, that means the price would be going down further?

[@gshadd760]

where do i find the script to copy

[@luarzeraus494]

tyytytyty

[@Brandon-rt7dn]

Thanks for another great video. I kept hearing about fake orders to manipulate the price. Is that possible and how does that work?