Support Board
Date/Time: Sat, 15 Aug 2026 06:12:47 +0000
[User Discussion] - Is there a way to detect iceberg orders using Sierra Chart DOM?
View Count: 682
| [2026-06-29 21:56:39] |
| User725581 - Posts: 5 |
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Hi there, 1. Is there a way to detect iceberg orders using Sierra Chart DOM? The goal is to identify situations where large hidden liquidity is being executed without visible resting size on the DOM. I mostly trade ES and CL. 2. If there is a way of doing so, then which Service Package would I use for it? 3. Will I also need MBO for it? Would really appreciate study collections, chartbooks, configurations for iceberg detection in ES and CL. Thank you |
| [2026-06-29 21:58:34] |
| John - SC Support - Posts: 47509 |
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Sierra Chart does not have a built-in method to detect iceberg orders. We are not sure if there is a third-party tool for this. We recommend searching the Internet to see what you can find. Or, perhaps others in the community can point you to something. We have set this thread as a User Discussion for others to comment. For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2026-07-03 15:11:28] |
| User725581 - Posts: 5 |
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Iceberg orders (hidden liquidity) directly within the DOM could be handled by CTS T4 routing, which is supported by Sierra. With recent updates to Teton order routing on iLink 3, iceberg orders could be detected/executed/calculated by comparing market order sizes against bid/ask depth. The functionality could simply use the logic to analyze Time and Sales data against market depth liquidity to visually flag concealed orders and display them next to the visible resting liquidity as an optional field of the DOM "Customize Trade DOM Columns". Signals: * Absorption: The most reliable signal is when aggressive market orders repeatedly hit a specific price level, generating high cumulative volume, but the price fails to move. This indicates a hidden reserve is absorbing the aggressive flow, often refreshing displayed size to maintain the illusion of thin liquidity. * Refreshing Displayed Size: On the DOM, a small displayed limit order (e.g., 50 contracts) that consistently reappears or "refreshes" after being filled, despite continuous trading volume far exceeding the visible amount, signals an active iceberg order. * Disparity in Volume vs. Price Movement: A noticeable disparity where significant volume prints occur at a level with minimal visible resting orders suggests institutional accumulation or distribution. If price moves rapidly through a level with little resistance, it may indicate that hidden liquidity was already consumed or that the visible book was a "liquidity vacuum." |
| [2026-07-03 16:25:31] |
| blt - Posts: 206 |
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... to: User725581 Allow me to suggest copilot-ing TETON routing vs. CTS T4 Also do not take next as talking down: iceberg orders could be detected/executed/calculated by comparing market order sizes against bid/ask depth.
Assuming you are thorough trader for this to be done at professional level you will need "Citadel" climatized floorš¤£ to calculate Try to not get sucked into using "Iceberg orders" term that is brought to retail as some revelation to get some hidden dimension of the Market disclosed/reviled Your "Signals" are pretty much on target Any platform that claims to bring to you "Icebergs" are pure bs! I strongly believe that SIERRA CHART realized that fact! and stayed out of selling that to consumers On private note: I am huge fan of SIERRA CHART's attitude toward doing business Their unparalleled DENALI/TETON is the main reason along with superb customer service I also am not familiar with any other platform that totally excluded term "trade between bid-ask"-they bought me with that! NOTE: Your third point in Signals-could you try "Freedom of Movement" indicator in SC Also SC has "Numbers Bars Calculated Values 2"-over there I found EVERYTHING I needed to read Market/Price Action as never before !!! Sorry to bother you with all this Wish you very good trading All the best Happy (250) July 4th |
| [2026-07-27 13:32:05] |
| User860690 - Posts: 12 |
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NOTE: Your third point in Signals-could you try "Freedom of Movement" indicator in SC
Also SC has "Numbers Bars Calculated Values 2"-over there I found EVERYTHING I needed to read Market/Price Action as never before !!! @blt do you have a guide on how you use these 2 indicators? which data do you use most in NBCV2? |
| [2026-07-27 14:15:53] |
| blt - Posts: 206 |
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...@User860690... ... ...just allowed private contacts with you...hit me there... |
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