Stacked Imbalances

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See when institutional traders overpower the market

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High volume traders seeking to enter or exit a position at a price level are unlikely to be able to fill their order at a single price. When a high volume trader is accumulating or distributing a position of many hundreds or thousands of contracts, the market is likely to experience multiple buying or selling imbalances at consecutive price levels. The Stacked Imbalances indicator highlights this condition by drawing an EmojiZone from these price levels that can provide a good indication of support/resistance created by the high volume traders and allows for low risk entries in the knowledge that one is trading in the same direction as the market's high volume traders.

Stacked Imbalances 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.


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.
Minimum Adjacent Levels How many consecutive imbalance price levels are required to 
EmojiZone Mode Please refer to this link for EmojiZone documentation.
Select whether the EmojiZone is set to: Disabled, Fixed Projection, Extend Until Future Intersection or Dynamic Support/Resistance Display.
EmojiZone Fixed Projection Distance Specifies the number of bars from the current bar that a Fixed Projection EmojiZone will be drawn.
EmojiZone Extension Line Label Specifies the line label (can be left blank) for an Extend Until Future Intersection EmojiZone line.
EmojiZone Dynamic Break Threshold When using a Dynamic Support/Resistance Display EmojiZone, this input sets the number of ticks by which the zone can be breached without it being regarded as having broken.
EmojiZone Dynamic Evaluation Levels If set to 0, every current EmojiZone is evaluated at each study calculation. To reduce processing time, a non-zero value will limit calculation to the nearest n EmojiZones to the current price where n is the value entered in this setting.

Use the Color, Width/Size and Transparency Level for Fill Styles inputs to customise the appearance of this indicator’s EmojiZones. Please refer to this link for the EmojiZone documentation.

Subgraph ID Subgraph Description
SG1 Bid Imbalance High Price Use in conjunction with SG2 to highlight the highest and lowest Stacked Imbalance bid price levels. Follow this link for the Sierra Chart Notes about Top and Bottom Draw Style Pairs
SG2 Bid Imbalance Low Price Use in conjunction with SG2 to highlight the highest and lowest Stacked Imbalance bid price levels. Follow this link for the Sierra Chart Notes about Top and Bottom Draw Style Pairs
SG4 Ask Imbalance High Price Use in conjunction with SG5 to highlight the highest and lowest Stacked Imbalance ask price levels. Follow this link for the Sierra Chart Notes about Top and Bottom Draw Style Pairs
SG5 Ask Imbalance Low Price Use in conjunction with SG4 to highlight the highest and lowest Stacked Imbalance ask price levels. Follow this link for the Sierra Chart Notes about Top and Bottom Draw Style Pairs
SG7 Bid Stacked Imbalance Quantity The number of stacked imbalance instances on the bid side of the bar
SG8 Ask Stacked Imbalance Quantity The number of stacked imbalance instances on the ask side of the bar
SG5EmojiZone Properties