How I use the Depth of Market (DOM)

In this post, I will cover the following:
- My DOM setup
- Iceberg orders
- Pulling/stacking orders
- Execution use case

Iceberg orders

When a larger player is secretly aiming to fill a larger position by stacking smaller orders into the order book, so that it is hidden. A large amount of selling (sell trades column) whilst the bid at the same price level is at an ever discrepant (lower) value...

Iceberg orders (2) 

larger players will not place a large order into the books, but instead place multiple smaller ones to disguise a larger order being filled If there's a lot of selling at one level but the bid is not matching, that is when I look to the stacking at that level

Iceberg orders (3)

example: bid column - 850k sell trades column - 4.3M bids pulling/stacking column - constant 400k (green) shows the constant "refilling" at a single price level (or price group (depends on dom tick size)) this applies the same to the sell side at resistance

pulling/stacking

To make it clearer for yourself, I would recommend upping the DOM tick size at a level of interest you would want to see stacking either the bid/ask column to show buyers/sellers defending/filling orders at that level. in particular iceberg orders being filled

Reaction at POI

using the arrows on either the sell/buy trades column (sell down arrow to clear trades below price/ buy up arrow to clear trades above price) this is done in order to get a clear view of how price is reacting heading in favour of the reaction from your level

Bid-Ask Profile: (far-right column)

I do not reset this throughout the day. I use this to identify trapped positions on one side, as it will not reset and show all trades (tallied up) at each price. If looking for a short - I want to see a-lot of buys at the high at my POI

General Settings: BTC/USDT

Tick settings I use
30ticks*
60ticks*
100ticks*
(play around and find what suits you for any given scenario)