Liquidity walls and icebergs
How the platform detects large resting orders (walls) and hidden orders (icebergs).
Konsole highlights two situations that help you read liquidity: walls and icebergs.
Liquidity walls
A wall is a book level with a very large resting size: it can act as an obstacle (an area where price tends to slow down or bounce). The platform detects them automatically and shows them as:
- annotations on the rows of the DOM ladder;
- lines on the liquidity heatmap panel.
A wall can be pulled quickly. It is a clue, not a certainty.
Icebergs
An iceberg is a large order shown in slices: only a small size appears on screen, but as it is “eaten” more keeps reappearing at the same price. The platform recognises it by comparing what was executed with what was visible in the book: when executed far exceeds displayed, it flags an iceberg.
Walls and icebergs tell you where someone is defending or accumulating at a level. Read them together with the rest of the order flow, not on their own.