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.