OPEN-SOURCE SCRIPT
Imbalance
Detects and visualizes price imbalances across multiple higher timeframes (Monthly, Weekly, Daily, 4H, 1H, 15m, 5m).
The script draws color-coded bullish and bearish imbalance boxes with dotted midpoint lines, supports extending boxes to the right, optional reduction (shrink on partial fill), and automatic aging/removal of old zones — making it easy to spot persistent supply/demand imbalances at a glance.
The script draws color-coded bullish and bearish imbalance boxes with dotted midpoint lines, supports extending boxes to the right, optional reduction (shrink on partial fill), and automatic aging/removal of old zones — making it easy to spot persistent supply/demand imbalances at a glance.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.