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Short Term Imbalance Continuation

Short Term Imbalance Continuation
This indicator identifies short-term trading opportunities based on imbalance situations followed by consolidation.
Functionality:
The indicator looks for a specific candle formation:
1. An imbalance candle where the low is above the high of the following candle (bearish) or the high is below the low of the following candle (bullish)
2. Followed by 1-2 inside candles (close within the range of the previous candle) in the same direction
Theory:
The formation is based on two important market mechanisms:
1. Imbalance and Momentum:
- The imbalance shows a strong move with one-sided orderflow dominance
- Inside candles in the same direction confirm that the opposing side cannot take control
2. Consolidation Behavior:
- Inside candles are a classic consolidation pattern
- They show that the market is "digesting" the previous strong movement
- Consolidation within the range indicates controlled accumulation/distribution
- Particularly relevant when large market participants are building or expanding positions
- Consolidation at higher/lower levels confirms the dominance of the trend direction
Settings:
- Choice between one or two inside candles for different consolidation phases
- Option whether both inside candles must have the same direction
- Customizable colors for bullish and bearish signals
Application:
The indicator is particularly suitable for:
- Trend confirmation after strong movements
- Entry into pullbacks during trends
- Identification of continuation setups after consolidations
- Detection of accumulation/distribution phases of large market participants
Notes:
- Best used in combination with higher timeframe trend
- Particularly meaningful at important price zones
- Consolidation phases can indicate institutional interest
- The length of consolidation (one vs. two inside candles) can indicate different accumulation phases
This indicator identifies short-term trading opportunities based on imbalance situations followed by consolidation.
Functionality:
The indicator looks for a specific candle formation:
1. An imbalance candle where the low is above the high of the following candle (bearish) or the high is below the low of the following candle (bullish)
2. Followed by 1-2 inside candles (close within the range of the previous candle) in the same direction
Theory:
The formation is based on two important market mechanisms:
1. Imbalance and Momentum:
- The imbalance shows a strong move with one-sided orderflow dominance
- Inside candles in the same direction confirm that the opposing side cannot take control
2. Consolidation Behavior:
- Inside candles are a classic consolidation pattern
- They show that the market is "digesting" the previous strong movement
- Consolidation within the range indicates controlled accumulation/distribution
- Particularly relevant when large market participants are building or expanding positions
- Consolidation at higher/lower levels confirms the dominance of the trend direction
Settings:
- Choice between one or two inside candles for different consolidation phases
- Option whether both inside candles must have the same direction
- Customizable colors for bullish and bearish signals
Application:
The indicator is particularly suitable for:
- Trend confirmation after strong movements
- Entry into pullbacks during trends
- Identification of continuation setups after consolidations
- Detection of accumulation/distribution phases of large market participants
Notes:
- Best used in combination with higher timeframe trend
- Particularly meaningful at important price zones
- Consolidation phases can indicate institutional interest
- The length of consolidation (one vs. two inside candles) can indicate different accumulation phases
오픈 소스 스크립트
진정한 트레이딩뷰 정신에 따라 이 스크립트 작성자는 트레이더가 기능을 검토하고 검증할 수 있도록 오픈소스로 공개했습니다. 작성자에게 찬사를 보냅니다! 무료로 사용할 수 있지만 코드를 다시 게시할 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.
오픈 소스 스크립트
진정한 트레이딩뷰 정신에 따라 이 스크립트 작성자는 트레이더가 기능을 검토하고 검증할 수 있도록 오픈소스로 공개했습니다. 작성자에게 찬사를 보냅니다! 무료로 사용할 수 있지만 코드를 다시 게시할 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.