Imbalance Aggression & Imbalance Absorption

Hey guys,

I'd like to use Stacked Imbalance not as Support or Resistance, but as an entry signal.

Stacked Imbalance can be used as an entry signal to spot absorption and aggression. When there are significantly more buyers than sellers (Imbalance), yet the price does not move in the direction of the buyers, that shows absorption. When there are significantly more buyers than sellers (Imbalance), and the price moves in the direction of the buyers, that shows aggression. I want to use imbalance-based absorption and imbalance based aggression as an entry signal. It shows serious accuracy when you look at the historical candles. It is accurate when the directional bias is correct. For a scalper, this would be a great confluence. Not just for scalpers, traders can try it out and be amazed by its power. It can boost your success rate.

The problem is that the Stacked Imbalance indicator is delayed. It does not spot these imbalances (draw horizontal lines) on a live candle even when there is an imbalance. It only does so after the candle is closed and the next one is opened.

Suppose there is an imbalance on the current candle. The indicator is supposed to spot the imbalance on the current candle, but it does not. It only spots the imbalance right after the current candle is closed and a new one is opened. That is not a problem if traders use it as a Support or Resistance zone, but it is a problem if we use it as an entry signal. We will not be able to enter at the moment of imbalance. There are plenty of traders in my student group who would like to use it as an entry signal because I taught them that this could work as a really powerful entry signal since I backtested it on historical candles.

So, could you quickly modify the indicator so that it can spot stacked imbalance on a live candle? It will help not just me, but a lot of scalpers.

Thank you.

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Upvoters
Status

In review

Board

💡 Feature Request

Date

4 months ago

Author

Sameer

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