Volume Imbalance Study

Settings

This study requires some setup. “Volume At Price Threshold Alert V2” study must be on the chart twice. One configuration needs to highlight Bid price level imbalances and another study configuration needs to highlight Ask price level imbalances. See https://www.sierrachart.com/index.php?page=doc/StudiesReference.php&ID=386 . Once these 2 studies are on the chart, the Effective Volume Imbalance Study Input IN5 and IN6 need to have the study ID’s set.

Subgraphs

VolumeImbalanceUpTop, VolumeImbalanceUpBottom, VolumeImbalanceDownTop, VolumeImbalanceDownBottom,

Footprint chart Volume Imbalance

Imbalance does not need to at adjacent price levels. (Also see Stacked Imbalances).

SustainedImbalanceStartBid, SustainedImbalanceStartAsk,

// 10 sustained imbalances

Sustained Imbalance bullish

Sustained Imbalance bearish

Two imbalances at the same price level in two bars.

StackedImbalanceBullish, StackedImbalanceBearish,

Footprint chart Stacked Imbalance

3 imbalances at adjacent price levels.