Market depth information in Quote data

cisk
cisk edited February 2018 in Algorithms and Strategies
Hi All,
I would like to know whether someone is making use of market depth data obtained from ticker quotes, via Kite API, in building their strategies. I'm specifically interested in knowing how they are making use of this level 2 data in their strategy and how relevant is it in comparison to the "Volume" data that we get from the LTP/Quote/Full level information for the ticker. My assumption is that "Volume" here refers to the trades completed and the depth orders are open orders that change frequently. Thanks
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