(1) Notice given by a dealer (through Autex) or customer of an interest in buying or selling stock, sometimes including specific volume and price;
(2) approximation of where a specialist sees buy and sell interest to tighten the range to an opening price. Bloomberg Financial Dictionary
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indication UK US /ˌɪndɪˈkeɪʃən/ noun
► [C or U] a sign that something exists, is true, or is likely to happen: an indication that »
There are few indications that the economy is on an upswing.
an indication of sth »The fact that she is being kept in a leadership role is an indication of how important she is to the company.
a fair/good indication »The price of a product is generally a fair indication of its quality.
► [C] a suitable action that is suggested by something: »
The indication from the trade figures is to reduce stock by at least 30%.
Financial and business terms. 2012.