Iceberg Indicator For NinjaTrader 8

The Iceberg Detector indicator is designed to identify and highlight iceberg orders within the market. Iceberg orders are large volume trades that are divided into smaller, concealed orders to mask the true intent of large traders. This indicator works by analyzing discrepancies between the visible order volume and actual trade volume at specific price levels. When a trade’s volume exceeds the visible volume without a corresponding decrease in the order book, it suggests the presence of hidden orders. This tool is invaluable for traders looking to understand market dynamics and identify potential areas of significant support or resistance created by large players. It operates in real-time, offering insights into the stealth strategies employed by institutional traders, thereby enabling more informed trading decisions.