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Unfinished native Iceberg on chart

With Atas's MBO support, there are new possibilities.

With MBO, each order has a unique identifier provided by the exchange. If a participant uses a native iceberg, all the orders added have the same ID as the previous ones.

This makes it relatively easy to identify these native icebergs.

The idea is that Atas scans the IDs to find several successive limit orders added with the same ID. If the price moves away while there are still unexecuted orders with that ID, the indicator draws a marker to warn us that there's an unfinished iceberg.

The indicator can draw a pattern of your choice like the Big Trade (circle, square, diamond...), and on mouse-over, it displays the total volume filled from the iceberg (there's no way of knowing how much is left).

In addition to this pattern, the indicator can draw a line until it is touched. We need to be able to choose the opacity and thickness of the line so that it doesn't obscure another indicator, such as the stacked imbalance.

The big advantage with Atas is that this indicator can be used on any type of chart, which will be a real innovation.

Of course, it won't work miracles: it can't magically guess where the synthetic icebergs are.

Status: Completed3 comments

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Comments3

  • Michael

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    Sep 3, 2024

    its already done and released soon.

  • Carlos

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    May 7, 2024

    It would be impressive. A great advantage for ATAS traders where you can see the big market events and you can have an edge
  • wilyonkis

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    Sep 23, 2023

    I just read this, and the CME link about MBO and it looks awesome!
    Hopefully they will implement it! :)