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 highlighted it is necessary for the bid to be more than 105.
View of the indicator on the chart:
To add and set up this indicator, open the Indicators Setup window:
Signal alert - use alerts.
Approximation Alert - it is triggered when the price reaches the stacked imbalance level
Alert File - select an alert file.
Ignore zero values
Days - set the days to count.
Line Till Touch
Ask/Bid Imbalance Color - set the line colour for Ask/Bid imbalance.
Bid/Ask Imbalance Color - set the line colour for Bid/Ask imbalance.
Imbalance Ratio in %
Imbalance Range - the consecutive number of a cluster's price levels where an imbalance should be.
Imbalance Volume - the minimum volume filter. It filters asks for Ask imbalances and bids for Bid imbalances
Line Width - set the thickness of the line.
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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