[MidKnight]

Good post soultrader. It is true that not all exchanges support iceberg, however it doesn't need to be natively supported to be widely utilized. Brokers and various order entry frontends do simulate it.

Your example described above is what I term as passive buying. This is indeed how a lot of the turns occur. Recognizing it in a timely fashion I have found difficult. Its always something I notice in hindsight. I'd like to automate this somehow, but so far I haven't been able to describe it in code properly.

[BlowFish]

I have always thought it would be interesting to write an indicator to look at the order book and tape compare orders filled with orders pulled ... add in ease of price movement too maybe. I have always had a hunch that seeing a level refreshed (or orders pulled) would be a good indicator of short term intent.

If the splatter plot simply divides by block size and then plots a suitable sized dot it should be pretty trivial to code btw.

Maybe someone could give a try and code this?

[brownsfan019]

Originally Posted by Tresor »

Unfortunately, this indicator will be part of Elite Series (non-standard package) and cannot be trialed.

Buyer beware if there is no trial offered.

If this was as good as advertised, why not let someone give it a go for a week or two? If it is that good, most would surely purchase it...

Moreover, a competent software vendor would have the ability to encrypt their source code and time-out the trial to lockout folks who didn't subscribe afterward.

[156]

How is live testing going on this ? by the way nobody posted a link to the actual product .. I just saw the attached pictures, sorry for the dumb question...

[brownsfan019]

Originally Posted by 156 »

How is live testing going on this ? by the way nobody posted a link to the actual product .. I just saw the attached pictures, sorry for the dumb question...

Read first post, use google to find product.

[metalhead]

On those charts that were attached, what is the horizontal-ish line that is appearing in the price chart? Is it a Market Profile value line or something?