While bid/ask imbalances show us when, and the price levels at which the buy or sell side of the market are relatively more dominant, there can be times when unusually large volumes will trade at a price level and by virtue of their size, will form price floors or ceilings. As with other significant price levels (e.g. overnight and daily highs and lows, initial balances, value areas, longer-term moving averages), massive bid/ask imbalances also represent prices to watch as the market's behaviour at these level will guide us towards continuation or rejection.
Massive Imbalance may be licensed for Sierra Chart on a Lifetime, 1-month or 3-month basis, or as part of the complete Emoji Trading Order Flow Suite. Licences include all indicator updates and enhancements during the license period.