Traveling Ionospheric Disturbances (TIDs) are wave-like propagating irregularities that alter the electron density environment and play an important role spreading radio signals propagating through the ionosphere. A method combining spectral analysis and cross-correlation is applied to time series of ionospheric characteristics (i.e., MUF(3000)F2 or foF2) using data of the networks of ionosondes in Europe and South Africa to estimate the period, amplitude, velocity and direction of propagation of TIDs. The method is verified using synthetic data and is validated through comparison of TID detection results made with independent observational techniques. The method provides near real time capability of detection and tracking of Large-Scale TIDs (LSTIDs), usually associated with auroral activity.