Comment on Introducing 20 depth or level 3 data on Kite

Harikrishna Munagapati commented on 04 Nov 2019, 05:38 PM

Great feature that retail traders have been waiting for a long time. This is very useful for day traders for scalping.

As a follow up, it would be helpful if Zerodha can also provide Time and Sales window/indicator that is based on depth of market or level 3. The Time and Sales window prints a day’s executed orders along with timestamp. This is very useful for intraday scalping.

Many prop trading firms as well as several day traders in the US use level 3 along with Time and Sales window for trading. This technique is known as Tape Reading. Almost all trading platforms in the U.S. including Interactive Brokers, TD Ameritrade, E-Signal, etc provide this useful feature.

Look forward to this indicator from Zerodha.

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