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Hi Traders !

This kind of studies is already available on the QuantMap tools. It's a 3rd part software for sc.

It is calculated by taking the market orders size, the last best bid, the last best offer, the previous best bid, the previous best offer, and the price.

--> a bid iceberg orders is triggered when you have a sold market orders size which is bigger than the current best bid size and than the previous best bid size.

--> a ask iceberg orders is triggered when you have a bought market orders size which is bigger than the current best offer size and the previous best offer size.