Dynamic Iceberg Development
Dynamic Iceberg Developments (DID) powerfully show the exact development of all single native Iceberg Orders on the chart in real time. Each Iceberg Order has its own individual properties and is placed, shifted, traded, and canceled uniquely. These individualized movements and actions are traced by the DID tool.
Example
DID trace the exact behavior of Iceberg Orders in real-time on the chart.
The orange line shows the history of every native Iceberg: (Start Point of the DID) When it was originally placed in the order book by an institution, (Price shifting) when the DID change the price, and when it is finished transacting.
The DID Symbol (Professional View) on Chart
Check the settings description below on how to switch the signals on chart from 'Professional' view to other views and vice versa.
Professional view of the DID
Bottom DID Entry: 190 / 0 - 3
- 190: Total contracts in the order
- 0: No contracts remaining to be executed
- 3: Tranche size
01:09:32.3: Time since the order was placed (1 hour, 9 minutes, 32.3 seconds)
at 5639.00: Price of the Iceberg Order
Bottom DID Entry: 135 / 5 - 5
- 135: Contracts already transacted
- 5: Contracts awaiting execution
- 5: Tranche size
50:41.3: Time since the order was placed (50 minutes, 41.3 seconds)
at 5633: Price of the Iceberg Order
This entry represents a partially executed iceberg order. 135 contracts have been transacted, with 5 still awaiting execution. The order uses a tranche size of 5 and has been active for nearly 51 minutes.
This visualization allows traders to track the progression of large iceberg orders over time, providing insights into market dynamics and potentially institutional trading patterns.
Settings
Settings of DID in TTW-IcebergDetector module
- Enable Checkbox
- Enable the checkbox to enable the plot on the trading chart.
- Trigger Size
- Based on the defined value of the “Order Size Trigger” within the “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.
- Time Display
- Shows either the duration or the start time of the DID in the DID signal on chart.
- 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.
- Alert Sound (Live Trading only, not available in Replay)
- The audio signal sounds when a signal occurs and meets the defined conditions.
- Send Telegram Notifications (Live Trading only, not available in Replay)
- Enabled / Disabled allows you to notify the messenger service “Telegram”.
- Enable Bookmap Notifications (Live Trading only, not available in Replay)
- Enabled / Disabled activates the Sound Alerts in Bookmap.
