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. Can be set from 0% to 100%. At 0%, every detected native iceberg is shown regardless of traded volume. 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.
Min. Duration (s) : Minimum duration, in seconds, an iceberg order must have been active before a DID trace is shown and DID alerts are fired. Range: 0-1000 seconds. Set to 0 to disable. Default: 10 seconds. This reduces noise by filtering out icebergs that are filled immediately or too quickly; only icebergs that remain open for the configured duration appear on the chart and trigger alerts.
Min. Duration Mode : Controls how the Min. Duration is measured. Since Order Start counts from when the order was first placed in the order book. Since First Trade counts from the first trade fill against the iceberg. For example, setting Min. Duration to 60 seconds with Since First Trade means alerts fire only when an iceberg holds for at least 60 seconds after the first fill. Default: Since Order Start.
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. Finished icebergs are shown only when they also meet the Iceberg Signal's "Order Size Trigger" and configured Min. Duration requirements.
Alert Sound (Live Trading only, not available in Replay) : The audio signal sounds when a DID trace meets both the Trigger Size and Min. Duration conditions.
Send Telegram Notifications (Live Trading only, not available in Replay) : Enabled / Disabled allows you to notify the messenger service "Telegram" when a DID trace meets both the Trigger Size and Min. Duration conditions.
Enable Bookmap Notifications (Live Trading only, not available in Replay) : Enabled / Disabled activates Bookmap alerts when a DID trace meets both the Trigger Size and Min. Duration conditions.
Cancellation Alert Sound : Alerts when a tracked iceberg is canceled from the order book before being fully filled. Icebergs often act as price blockers, so a cancellation alert indicates that the potential block has disappeared.
Cancellation Telegram Notification : Enabled / Disabled allows you to notify Telegram when an iceberg cancellation occurs.
Cancellation Bookmap Alert Message : Enabled / Disabled activates Bookmap alerts when an iceberg cancellation occurs.