The daemon is the algorithm running on the exchange’s servers. Its job is to post limit orders at specific prices. It is patient. It is relentless. It is profitable because it collects the bid-ask spread.
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A scrolling list of every completed trade: price, size, time, and whether it hit a bid or lifted an offer. The daemon is the algorithm running on the
While the DOM shows resting liquidity (limit orders), the Footprint chart shows executed volume (market orders). It is relentless
| Tool/Platform | Use Case for Goldsmith Strategy | | :--- | :--- | | | Visualizing the Delta and Absorption described by Goldsmith without needing a DOM ladder . | | Depth of Market (DOM) | Jigsaw Trading and similar platforms allow traders to see the iceberg orders and passive walls Goldsmith described . | | Volume Profile | Identifying areas of high liquidity (POC) where stop orders are likely clustered. | | NinjaTrader 8 | Offers professional-grade order flow analytics that automate the "virtual book" construction . | | ATAS & Bookmap | Heatmaps that show the "battle" between buyers and sellers in real-time, validating Goldsmith's absorption theories . |