Imbalanced zone

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.

Imbalance is created from the high and low of 3 candles. When the wicks the of 1st and 3rd candle does not fully overlap the middle one.

You can define the penetration ratio which will delete a tested zone from the chart. Usually find that 20% (0.2) is pretty accurate.

Versionsinformation:

Update screenshot with imbalanced zone displayed correctly

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Add alert on new imbalanced candle
Fix deletion of triggered imbalanced zone

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Add note & fix screenshot

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Just update screenshot

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Add color option for boxes
Add mid line for each boxes

The mid line can be used as specific target when using imbalanced zone as your potential target zone.

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In this update you'll be able to select the timeframe you'd like the imbalance to be computed and displayed with (eg: 15min imbalance on a 5min chart)

Also a reduce option which will reduce the imbalance based on price touch within it.

Versionsinformation:

Add new imbalance zone
- daily and weekly open gap, which are relevant for non crypto market
- volume imbalance with their own TF support