TTW Iceberg Detector

The TTW IceBerg Detector is a real-time volume-based tool that reveals hidden liquidity by detecting iceberg orders using Market by Order (MBO) data. It uncovers repeated order replenishments at the same price level, typical of institutional iceberg strategies, giving traders an edge in identifying stealth accumulation or distribution.

Real-Time Iceberg Detection: Instantly spots hidden institutional orders based on Market by Order (MBO) data.

 

Precision Identification

Detects repetitive order replenishments at identical price levels, exposing iceberg behavior with high accuracy.

 

Visual Alerts

Highlights detected iceberg activity directly on the chart, allowing traders to react quickly and confidently.

Fully Integrated with ATAS: Designed specifically for seamless use within the ATAS platform, enhancing professional-grade order flow analysis.

The TTW IceBerg Detector leverages Market by Order (MBO) data to uncover hidden liquidity strategies used by institutional players, specifically, iceberg orders. Unlike traditional indicators that rely on aggregated volume or price action, this tool monitors individual order entries, modifications, and cancellations in real time.

 

Order Replenishment Detection

The indicator tracks the behavior of limit orders at each price level. When a visible order is partially filled but then immediately replenished with the same or similar quantity, without the total volume being reflected in the order book, it is flagged as iceberg behavior.

 

Pattern Recognition Using MBO

Since MBO data includes unique order identifiers, the tool can detect whether the same entity is repeatedly adding to a limit order at a specific price. This is a strong signal of stealth accumulation or distribution by large players trying not to move the market.

 

Filtering and Sensitivity Settings

Users can define thresholds (e.g., minimum volume, number of replenishments, or time window) to fine-tune the sensitivity of detection and avoid false positives.

 

Visual Output

Once iceberg activity is detected, the indicator provides real-time visual markers directly on the chart.

By exposing what is deliberately hidden in the order book, the TTW IceBerg Detector gives traders a strategic edge in recognizing support/resistance zones manipulated by smart money, making it a powerful tool for order flow and volume-based strategies.

the indicator offers a range of customizable parameters, allowing traders to adapt it to their specific strategies and markets.

 

Use Case Examples

Spotting Hidden Support and Resistance

A trader notices repeated iceberg orders appearing at a specific price level during a consolidation phase. This signals that a large player is accumulating or defending a level.

Filtering Breakouts

Before entering a breakout trade, a trader uses the IceBerg Detector to check if iceberg sell orders are blocking the breakout zone. If iceberg sell orders appear at the breakout level, the trader might delay the entry or opt for a fade trade instead.

Scalping Around Iceberg Clusters

A short-term trader sees multiple iceberg detections stacking at a key level. This cluster acts as a liquidity magnet.

Volume Profile Integration

A trader combines the IceBerg Detector with volume profile and sees iceberg buy orders at the value area low (VAL). This adds confluence to their trade idea and increases confidence in a mean-reversion setup.

 

License Types

Available as Monthly, 6-Monthly, Yearly, and Lifetime License