We all know markets and market makers work over liquidity concepts, Liquidity is what makes market cyclic and drives it!
The aim of this experimental Indicator is to identify the liquidation points and levels where the big players are actually playing.
When you’re trading financial markets, liquidity needs to be considered before every position is opened or closed. This is because a lack and increase of liquidity is often associated with increased risk.
You need to be able to put probabilities in your favour, understanding liquidity levels in the market is always a good to know thing for one to judge / estimate whether the market is behaving according to the analysis or not.
How Can you Get this Indicator
Just send me up a private message, (Please use comment box only for constructive comments, and community improvement)
What are icebergs
If you see the DOM data, you will see lots of orders on both side (buyers/sellers), Its just the tip of the iceberg that we are able to see in the order flow, the aim of the iceberg detection concept over here is to estimate when a large order is executed and in what direction.
What is the Use of Trendlines
basic configuration is 50 back levels, you can also configure it to 20, 10 depending on how fast you wanna track things
Use to detect the icebergs happening above and below it conjure it with your study.
Provision for Alerts
You can configure alerts over iceberg detection
Which market it will work and on what timeframes
This indicator will work for any liquid market,
Stocks, forex, Bitcoins etc
Since the order flow dynamics remains pretty much the same everywhere,
For efficient utilisation, use these timeframes
15s, 30s, 1 min, 3 min, 5 min, 15 min, 30 min, 1Hr
Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact Ankit_1618 for more information, or follow the author's instructions below.
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Algorithmic Trading Certifications
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