Pulse X Imbalance Finder
What does this indicator do?
This indicator finds Imbalances on multi-timeframes so that you can view them for good targets. Example... You can be on the 1 hour and have the 4 hour / Day open imbalances on the screen showing it with green lines. The green lines then go away when prices reaches it.
What Is an Order Imbalance?
Order imbalance is a situation resulting from an excess of buy or sell orders for a specific security on a trading exchange, making it impossible to match the orders of buyers and sellers. For securities that are overseen by a market maker or specialist, shares may be brought in from a specified reserve to add liquidity, temporarily clearing out excess orders from the inventory so that the trading in the security can resume at an orderly level. Extreme cases of order imbalance may cause suspension of trading until the imbalance is resolved.
Understanding Order Imbalances
Order imbalances can often occur when major news hits a stock, such as an earnings release, change in guidance, or merger and acquisition activity. Imbalances can move securities to the upside or downside, but most imbalances get worked out within a few minutes or hours in one daily session. Smaller, less liquid securities can have imbalances that last longer than a single trading session because there are fewer shares in the hands of fewer people.
To gain access to this please contact me.
This indicator finds Imbalances on multi-timeframes so that you can view them for good targets. Example... You can be on the 1 hour and have the 4 hour / Day open imbalances on the screen showing it with green lines. The green lines then go away when prices reaches it.
What Is an Order Imbalance?
Order imbalance is a situation resulting from an excess of buy or sell orders for a specific security on a trading exchange, making it impossible to match the orders of buyers and sellers. For securities that are overseen by a market maker or specialist, shares may be brought in from a specified reserve to add liquidity, temporarily clearing out excess orders from the inventory so that the trading in the security can resume at an orderly level. Extreme cases of order imbalance may cause suspension of trading until the imbalance is resolved.
Understanding Order Imbalances
Order imbalances can often occur when major news hits a stock, such as an earnings release, change in guidance, or merger and acquisition activity. Imbalances can move securities to the upside or downside, but most imbalances get worked out within a few minutes or hours in one daily session. Smaller, less liquid securities can have imbalances that last longer than a single trading session because there are fewer shares in the hands of fewer people.
To gain access to this please contact me.
Versionsinformation:
Version 1.1 02/04/2021
- added order block finder
- added order block finder
Versionsinformation:
Version 1.2 02/04/2021
- added wick feature on order block
- added wick feature on order block
Versionsinformation:
Version 1.3 05/30/2021
- added line transparency on upper and lower line
- added line transparency on upper and lower line
Versionsinformation:
Version 1.4 05/30/2021
- added back periods input on settings
- added back periods input on settings
Versionsinformation:
Version 1.5 06/24/2021
- added mitigated order blocks
- added mitigated order blocks
Versionsinformation:
Version 1.6 06/27/2021
- fixed overlapping issue on multi time frame
- fixed overlapping issue on multi time frame
Versionsinformation:
Version 1.7 07/8/2021
- Added Trend Feature
- Added OB + Imbalance
- Added Trend Feature
- Added OB + Imbalance
Versionsinformation:
Version 1.8 07/17/2021
- Added RSI and Vortex
- Added RSI and Vortex