A pane that counts absorption, iceberg hints and stop runs over the session, buy side up and sell side down.
In plain English
What it shows
- A pane that counts absorption, iceberg hints and stop runs over the session, with buy-side events going up and sell-side events going down.
- Absorption means heavy trading at a price without price moving. An iceberg is a large order shown in small pieces.
How traders use it
- See which side has shown more of these events so far.
- Compare the count with price to learn how they line up.
What it does not tell you
- These are hints from trades and book changes; hidden orders cannot be seen directly.
- A higher count does not predict direction.
Overview
Absorption & Iceberg Tracker keeps a running count of three kinds of events in its own pane: absorption, iceberg hints and stop runs.
Buy-side events go up and sell-side events go down, so you can see which side has been showing more of them.
How it works
Absorption is heavy aggressive volume at a price that price did not move away from. An iceberg hint is a level that keeps refilling as it trades. A stop run is a poke past a recent swing that closes back. Trades come from the trade stream and the book from the order book.
How to use it
- Use it to see where the session's absorption and refills have been building.
- Some traders compare the tracker with price at highs and lows.
- Turn off any of the three events to focus on one.
These are ways some traders read it, for learning. They are not trade signals.
Settings
| Setting | Default |
|---|---|
| Absorption | On |
| Iceberg hints | On |
| Stop runs / sweeps | On |
| Absorption | #00adb5 |
| Iceberg hints | #f5b301 |
| Stop runs | #9b7bff |
Notes and limits
- Pro: needs the full order book (Data feed L2).
- Needs the full order book (Data feed L2), which is part of Pro. Works on NQ, ES, YM, RTY, CL and GC futures (micros use their mini's book) and on crypto order books.
- These are hints from trades and book changes; the tool cannot see hidden orders directly.
Education only. Not financial advice. Indicators mark what happened on the chart; they do not predict what price will do. Trading futures, forex, crypto and other markets carries a high level of risk and may not be suitable for everyone.