TradeStation’s integration with TradingView just deepened thanks to a big technology upgrade.
Clients linking their brokerage accounts to the popular web-based charting service can now get Level 2 quotes on TradingView. That means you’ll be able to see more than just the inside bid and ask prices.
TradeStation clients have enjoyed this functionality for years with the Matrix tool, which shows orders at various levels above and below a stock’s current price. That can help traders identify supply and demand zones.
TradingView’s comparable tool is called DOM, or Depth of Market. It only shows Level 1 normally, but can now pull the data from a linked brokerage account.
TradeStation is the first multi-asset broker to offer this API-based functionality on TradingView. It builds on a relationship that started three months ago when developers flipped the switch on an upgrade letting clients place and track equity orders directly on the charting service.