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Date/Time: Fri, 03 May 2024 18:35:58 +0000



Post From: Stacked Imbalance with Numbers Bars

[2019-08-21 14:13:58]
John - SC Support - Posts: 31355
Not within the Numbers Bars study. But you can accomplish this with the Volume At Price Threshold Alert V2 study. Just set the Comparison Method to Ask Volume Bid Volume Difference and then set the volume threshold as you want it. Keep in mind, that in this particular comparison, a positive value would mean the Ask side is dominant, and a negative value would mean the Bid side is dominant.

You can then use the Input option for Highlight Adjacent Alerts Minimum Group Size to the number of adjacent values you need to have in order to specify your imbalance (say 3, for example) and then it will highlight those areas where there are 3 or more adjacent alerts.

If you want to have both Bid and Ask notifications, you would need to put on 2 of the Volume At Price Threshold Alert V2 studies, one that has a positive Volume threshold and one that has a negative volume threshold. You can then change the colors as needed in one of the studies.

Refer to the following for more information on this study:
Volume at Price Threshold Alert V2
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