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How do I read a Wall Monitor signal?

Wall Monitor signals are one liners that give all the relevant information that is needed to know about the wall notified. Perhaps the part most confusing for newcomers is the last amount in parentheses.

This amount, which varies from 0% to 5%, refers to how far was the wall placed from the top offer in the book.

For example, if the top offer from buyers (or bids) is $100 and someone places a huge buy wall at $98, then the value in parentheses will be 2% (since the difference between $100 and $98 is $2 or 2%)

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