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.

Release Notes:

Update screenshot with imbalanced zone displayed correctly

Release Notes:

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

Release Notes:

Add note & fix screenshot

Release Notes:

Just update screenshot

Release Notes:

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.

Release Notes:

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.