so what if you know where there is a lot of resting orders
does it tell you if they will be pulled when price reaches them, does it tell you the average trade size of the orders, does it tell you the intent of the traders...are they stop orders or new trade entry, when price reaches them does it tell you if there are orders waiting to be executed that will push through the resting orders....
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The following user says Thank You to Big Mike for this post:
No, but it tells you if there were pulled or traded and to what extend.
You have a large lot tracker available that displays an approximation of the largest single pending order.
Yes. Bookmap has an iceberg detector. He calculates the presence of a hidden order at any price level based on the presence of excess execution on any price level as compared with the visible pending size at that level.
You can also see when limit orders enter the market. Often shortly before a level is traded.
I understand your concerns but Bookmap is just a graphical representation of the order book. Using the DOM solely for me personally it is hard to remember all the action there. The high frequency trading and algorithmic trading has changed a lot and the book by itself is not that usefull as it was before. But I think as a signal logic is it still usefull. What else do we have?
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I maybe wrong...but any offers or special price seems available if only s5 customer. I think being s5 customer has special discounts.
Yes everything can be seen including hidden orders. I like that functionality. But a hidden order is what it is...and just a limit or hidden limit...whatever way you dissect it.
Coming to added or pulled orders or volume steps ..theses can also be seen. However as there is no customization ....on the Dom with different color scheme such as offered by other vendors like jigsaw this part of adds..pulls is difficult to see atleast for a guy like me with numbers scrolling by. Not sure if they added DOM customization. ..it's not there on initial versions.