Imbalance zones

Imbalance, this is a zone / gap created when the price move with force in a given direction. It identify a zone where the price could. potentially go back. This gives perfect targets for your trades.
This indicator is created to find the imbalances when a market exchange receives too many of one kind of order—buy, sell, limit—and not enough of the order's counterpoint and price shoots up or down and it left with unfilled orders. If you know how to trade the imbalances, this indicator can help you by find imbalances automatically.

Release Notes

News updated:

Auto close zone was filled
Change color for higher zones and lower zones (base on current bar)

Release Notes

News updated:

Option show/hidde filled imb boxes (good for backtest purpose)
Choose color fo filled imb boxes

Release Notes

Fixed some bugs

Release Notes

Update logs:

Auto change maximum Imb displayed when choose show filled imb boxes

Release Notes

New updates:

Extended right
Show 50% line

Release Notes

Fix some bugs

Release Notes

Update some bugs

Protected script

This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.

mrdezinguyen

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.

Protected script

This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.

mrdezinguyen