medium · Order Flow Analysis order-book-dom

How does an 'Iceberg Order' typically manifest on a footprint chart?

  1. A series of stacked buying imbalances spanning across five or more price ticks.
  2. Anomalously high volume at a single price where the Limit Order Book showed small size.
  3. A sudden spike in Cumulative Delta occurring without any corresponding move in price at all.
  4. A bar showing a very wide trading range paired with an extremely low total traded volume.

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