Multiple Imbalances

From: $4.99 / month

See at a glance whether aggressive buyers or sellers are dominant

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Similar in concept to the Stacked Imbalances indicator, the Multiple Imbalances indicator displays when a price bar contains three or more bid/ask imbalances (but not necessarily at consecutive price levels), highlighting the commitment of high volume traders. An up arrow is drawn below a price bar with multiple buying imbalances and a down arrow is drawn above a price bar with multiple selling imbalances. The arrows are colored according to the Buy/Sell signal color setting.

The Delta Snapshot indicator complements this indicator very well to provide at-a-glance visual indication of buying and selling strength on a per-bar basis.

Input Name Description
Imbalance % The percentage level used for diagonal bid/ask volume imbalance calculations.
Bid/Ask Minimum Volume Compare Threshold This value sets the minimum value required for Bid/Ask Volume comparisons. If the Bid and Ask Volumes that are being compared are both less than the threshold, then the compare is not performed.
Enable Zero Diagonal Comparison? This input determines whether price levels where zero volume traded at the bid or ask (including the highest and lowest prices in within the bar) are evaluated for imbalance calculations.
Calculation Frequency Select whether the indicator is calculated in real time or at bar close.
Opposing Imbalance Display Filter When a bar contains multiple imbalances on the bid and ask side, this input determines indicator display logic:

  • None: indicators for both multiple bid and multiple ask condition will be displayed
  • Dominant Imbalance Quantity: the higher of bid and ask imbalances will determine which indicator is displayed. If equal, ask will be displayed
  • Bar Direction: a Multiple Ask Imbalance indicator will be displayed for up bars and a Multiple Bid Imbalance indicator will be displayed for down bars
Display Offset Specifies the indicator’s display position in ticks above/below the current bar.

ID Subgraph Description
SG1 Bid Imbalance Quantity The quantity of bid imbalances within the bar. Provided to assist development of automated spreadsheet and ACSIL trading systems.
SG2 Bid Imbalance High Price The highest price level within the bar at which a bid imbalance occurred. Provided to assist development of automated spreadsheet and ACSIL trading systems.
SG3 Bid Imbalance Low Price The lowest price level within the bar at which a bid imbalance occurred. Provided to assist development of automated spreadsheet and ACSIL trading systems.
SG4 Bid Imbalance Symbol The symbol used to indicate multiple bid imbalances.
SG5 Ask Imbalance Quantity The quantity of ask imbalances within the bar. Provided to assist development of automated spreadsheet and ACSIL trading systems.
SG6 Ask Imbalance High Price The highest price level within the bar at which an ask imbalance occurred. Provided to assist development of automated spreadsheet and ACSIL trading systems.
SG7 Ask Imbalance Low Price The lowest price level within the bar at which an ask imbalance occurred. Provided to assist development of automated spreadsheet and ACSIL trading systems.
SG8 Ask Imbalance Symbol The symbol used to indicate multiple ask imbalances.