Think of a real iceberg like this: price keeps hitting one level, but the size there does not disappear. It keeps holding or refilling. When Xtrend sees enough proof, it confirms the ICE and the strategy can use it.
Here is the whole process in four simple blocks.
Buyers or sellers keep attacking the same level again and again.
Even after being hit, the level is still there. This is the key idea of a working iceberg.
If enough volume traded and the level still holds, Xtrend confirms the signal.
The strategy now trusts the confirmed signal from the indicator, then checks normal trade rules.
Same idea, different side of the market.
A long ICE is usually a bid-side level. Sellers hit it, but the bid keeps holding. That can show hidden buying support.
A short ICE is usually an ask-side level. Buyers hit it, but the ask keeps holding. That can show hidden selling resistance.
When customers see a blue ICE tag, they can read it from left to right.
This is an ask-side iceberg. Buyers keep hitting a sell level, but the ask still holds. Simple meaning: hidden seller.
Size now versus strongest size seen during the iceberg. Here the visible size is 19 now, and the strongest visible size seen was also 19.
Refresh count. The level visibly refilled 1 time while Xtrend was tracking the iceberg.
Traded volume absorbed at that level. In this example, 235 contracts traded into the iceberg.
Each card shows what the setting does, and what lower vs higher usually means.
UseBMIceberg
This is the on/off switch for ICE entries.
FlipIcebergSide
If this is on, long ICE becomes short and short ICE becomes long.
IcebergThreshold
The level needs a minimum number of trade hits before the ICE can confirm.
IcebergTolerance
This is the base allowance for queue movement and refresh reading.
IcebergLinkSec
Prints and depth updates must stay close enough in time to belong to the same ICE.
IcebergHoldSec
This controls how long the confirmed ICE state and visual line can remain active.
IcebergMinRefreshCount
Require visible refilling before the ICE is accepted.
IcebergMinExecutedRatioPct
The market must trade this percentage of the visible size before the ICE confirms.
IcebergHoldSlackPct
The queue can shrink a little and still count as "holding".
ShowLiveIcebergLine
This only controls the drawing of the live ICE line. It does not change the trade logic.
If you want to explain it in one sentence, use this: