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Discover LudwigThe phrase "is two-way" is correct and usable in written English.
You can use it to describe an interaction, relationship, or exchange that involves mutual exchange or benefit. For example: "This conversation is two-way—everyone has the opportunity to contribute."
Dictionary
is two-way
adjective
Allowing traffic in two directions
Exact(42)
'The internet is two-way.
At good jobs companies, communication is two-way, and headquarters incorporates stores' input into decisions affecting frontline work.
"The thing that's coming over the horizon is two-way, reversible shape memory," says Mather, in which the polymer can shift between two positions.
The harmonisation process is two-way, so to achieve better balance Adobe is reducing some EUR prices of CS4 by up to 13%.
Consumers are happy to share huge amounts of live data because the relationship is two-way; there is a benefit for doing so.
The public-private traffic is two-way.
Similar(18)
Relationships are two-way streets.
Communication needs to be two-way.
And it's two-way traffic.
Professional relationships are two-way streets.
Remarkably, the communication between the rats was two-way.
More suggestions(1)
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com