ThinkorSwim Level 2 refers to a type of market data display used in stock trading that provides detailed information about bid and ask prices, market depth, and liquidity for a particular security. Traders can analyze this information to understand supply and demand dynamics and make informed trading decisions. Level 2 data offers a deeper view of the order book beyond basic stock ticker information. It is important to use Level 2 data in conjunction with other analysis and consider overall market conditions.

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