PROTECTED SOURCE SCRIPT

Imbalance zones

By mrdezinguyen
Updated
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
Support and Resistance

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This script is published closed-source and you may privately use it freely.

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