medium · Order Flow Analysis order-book-dom

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

  1. A series of stacked imbalances spanning five or more ticks.
  2. Anomalously high volume at a single price where the Limit Order Book showed small size.
  3. A sudden spike in Cumulative Delta without any change in price.
  4. A bar with a very wide range and extremely low total volume.

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