Stacked imbalances. The indicator compares the volume of bids at one price level with the volume of asks on the price located one level higher. The imbalance value is determined as a percentage of the volumes being compared.
For example, let's analyze the value of 30 ask and the overweight value of 350%, 350% of 30 = 105, in order for the cluster to be allocated it is necessary for the bid to be more than 105.
View of the indicator on the chart:
To add and setup the following indicator, open the Indicators Setup window:
Signal alert - use alerts.
Approximation Alert - triggers when the price reaches the stacked imbalance level
Alert File - select alert file.
Ignore zero values
Days- set the days count.
Line Till Touch
Ask/Bid Imbalance Color - set the line color for Ask/Bid imbalnce.
Bid/Ask Imbalance Color - set the line color for Bid/Ask imbalnce.
Imbalance Ratio in %
Imbalance Range - количество ценовых уровней кластера подряд, на которых должен быть дисбаланс.
Imbalance Volume - the minimum volume filter. It filters asks for Ask imbalances and bids for Bid imbalances
Print line for X bars - the line length by bars.
*Important: if the value is set to "0", lines will be extended till touch.
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