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Trading desk: advanced order flow

Module 02 · 2 · Institutional executionLesson 6 of 2810 min🔒 Students only

Iceberg, sniper, liquidity-seeking: reading the footprint

"Hidden" algos still leave traces. Three families to recognize.

The iceberg

  • The level absorbs far more than the displayed size (BT/AT well above the size in the book).
  • It reloads instantly after every execution: the color of the band comes right back on the heatmap.
  • A sign of accumulation or distribution by a large player, defending their average price.

On DeepCharts, the Iceberg Detector spots the reload pattern thanks to order-by-order data: a clip consumed then re-posted at the same price, again and again.

Student access · free

The rest of this lesson is for students

Also in this lesson
  • The sniper, the liquidity-seeking algo
  • The footprint, in a table
  • Tactic

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