Level II Viewer Prototype

Check out this prototype for a new Level II viewer. The purpose of the viewer is to display the struggle between buyers and sellers and give traders a more intuitive sense of where the market is heading. 

While obviously a bare bones implementation, this should be enough to convey the concept. There are many things that could be added, including:

• Show detailed price info.
• Allow horizontal (price) axis to be scaled based on a user defined measure of volatility.
• User defined markers on price axis to indicate various interesting points (highs, lows, pivot points, etc.)
• Show market makers in different colors, allow market makers to be filtered.
• A loop mode, where the last n bids/asks are repeatedly displayed (think weather radar loop) to give a sense of market direction. This would be especially useful for less actively traded instruments.
• Trade on the chart by clicking and dragging targets, stop loss levels, etc.

So what do you think? Would this tool contribute to your trading edge? This site is all about developing software in collaboration with users, so fire away!