Dynamic Iceberg Development (DID)

Dynamic Iceberg Development (DID) #

Definition #

Dynamic Iceberg Developments (DID) powerfully show the exact development of all single Native Icebergs on the chart in real time. Each native Iceberg has its own individual properties and is placed, shifted, traded, and canceled uniquely. These individualized movements and actions are traced by the DID tool.
Please note: DID can only be used with Full Depth MbO-data feed.

Strategy #

Individual Icebergs can either repel the market or act as support (see example). DID can be traded very profitably with an excellent risk/reward ratio. Either use the DID as a scalping entry for market exhaustion or go with the market trend when a DID is broken by market orders. Always take the context (DID size, average market volume, market liquidity, time in the book, etc.) into consideration.

License #

ULTRA

Example #

DID trace the exact behavior of Hidden Native Orders in real-time on the chart. The yellow line shows the history of every native Iceberg: (1) When it was originally placed in the order book by an institution (red arrow), (2) when the market trades into it (white arrow), and (3) when it is finished transacting (pink arrow).

Settings #

Dynamic Iceberg Development
Enable or Disable the plot on the chart by clicking the blue checkbox

Trigger Size
Based on the defined value of the “Order Size Trigger” within the “Hidden Order (Iceberg) Signal” section, this parameter represents the minimum percentage of lots that needs to be reached before the DID is shown. Example: If the “Order Size Trigger” is set to 1000 lots, then a 20% “Trigger Size” means that the DID must reach at least 200 lots before it is shown on the chart.

Text size and color
Adjust the text size of the DID signal and define the preferred DID line color on a chart here.

Design
Depending on the design selected, additional information can be shown within the DID signal.

1. The total traded volume of the Iceberg so far (red arrow).
2. The open resting liquidity of this specific Iceberg (blue arrow).
3. The time since the first portion of the iceberg was placed in the order book (yellow arrow).
4. The price level of the current Iceberg position (pink arrow).

Interpretation:
The total volume traded until this time is 328 lots.
There are 0 lots in the order book waiting to be filled.
The Iceberg has been in the market for 4 minutes and 27 seconds and is currently resting at a price level of 4410.

Show all traces
Disabled will remove all previous traces; only current and active DID will be shown. Enabled will show all previous traces as well as any active DID.

Hidden Order Navigator
Clicking the “Active Hidden Order Navigator” button will open a new window where all previous DID can be browsed through and analyzed.

An example of how the Hidden Order Navigator can be used to analyze previous DID.